hai,,, employee contribution on pf will be 12% on basic i.e 15000/- but employer’s contribution will be 12% on 6500 or employer can get exempted from contribution,, with regards, Vinaykumar
From India, Bangalore
From India, Bangalore
Dear Namrata, As per PF Act Deduction of PF is on and above 6500/- is optional Its upto the company either they want to deduct on the total gross salary or on prescribed limit 6500/-
From India, New Delhi
67From India, New Delhi
Dear Namrata
As per your specification that basic is 15000/-.
As per PF rules If Basic is more than 6500/-
1) It is optional. Not mandatory to contribute to PF
2) Can be restricted for 6500/- only
3) If both employee and employer agrees you can contribute for full amount of 15000/-
Jeeva
9343753361
From India, Bangalore
As per your specification that basic is 15000/-.
As per PF rules If Basic is more than 6500/-
1) It is optional. Not mandatory to contribute to PF
2) Can be restricted for 6500/- only
3) If both employee and employer agrees you can contribute for full amount of 15000/-
Jeeva
9343753361
From India, Bangalore
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Salary Sheet & PF PT Calculation & Challan Nov 2010.xls