Sir
Basic pay 15000
Gross 20000.
Employer is willing to contribute 12% on 20,000 that is 2400
Can the employee limit his contribution to 1800 which is 12% of Basic for want of more take home pay.
Please clarify
Thanks
Kavitha
From India, Chennai
Basic pay 15000
Gross 20000.
Employer is willing to contribute 12% on 20,000 that is 2400
Can the employee limit his contribution to 1800 which is 12% of Basic for want of more take home pay.
Please clarify
Thanks
Kavitha
From India, Chennai
Hi No both Emp and Employer to contribute equally either on actual basic and limit it to Rs. 1800/- max.
From India, Madras
952From India, Madras
Thank you very much. i understand it is not a choice of the employee. The employer decides the PF amount subject to 1800 min. Employees deduction cannot go below the employers but the employee can increase it if he wants.
From India, Chennai
From India, Chennai
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Introduction Of One Employee One EPF Account Facility.pdf