Dear All
Thanks for sharing knowledge .I have a question on PF that what will happen when the employee exceeds his basic pay more than Rs 6500/- for e.g. Rs 8000. In this case is that mandatory for employee to contribute 12% of Rs 8000(basic) or is there is some option where he can stick up to Rs 6500 only.
Regards
Bhawana
From India, Bangalore
Thanks for sharing knowledge .I have a question on PF that what will happen when the employee exceeds his basic pay more than Rs 6500/- for e.g. Rs 8000. In this case is that mandatory for employee to contribute 12% of Rs 8000(basic) or is there is some option where he can stick up to Rs 6500 only.
Regards
Bhawana
From India, Bangalore
hi karthick, Was so usefull for the beginners and fellow who wants to learn or to know about the PF knowledge.Superb keep rocking. Bharath.S.R
From India, Madras
2From India, Madras
HI Venkat, Under ESI - 1.75 from employee contribution, 4.75 from employer contribution =6.50 calculating from gross salary, PF will calculated from basic.FYI. Thanks Bharath.S.R
From India, Madras
From India, Madras
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