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
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Salary Sheet & PF PT Calculation & Challan Nov 2010.xls