My manager wanted me to put him into PF contribution as his salary is one lakh. so on how much basic can I deduct his pf.
PF wages Limit is 15000/- if he is member of EPFO Before 2014 you deduct his pf as per basic salary on his salary structure
From India, New Delhi
13From India, New Delhi
Hi,
As per the Employees' Provident Fund (EPF) rules, the contribution towards PF is calculated on the basic salary. In the case of your manager, with a salary of one lakh, the contribution towards PF would be calculated on the basic salary component. It is important to ensure that the deduction is made in accordance with the EPF rules and regulations to avoid any discrepancies. I would recommend consulting with the HR department or a financial advisor to ensure accurate calculation and deduction of PF contribution for your manager.
Thanks
From India, Bangalore
As per the Employees' Provident Fund (EPF) rules, the contribution towards PF is calculated on the basic salary. In the case of your manager, with a salary of one lakh, the contribution towards PF would be calculated on the basic salary component. It is important to ensure that the deduction is made in accordance with the EPF rules and regulations to avoid any discrepancies. I would recommend consulting with the HR department or a financial advisor to ensure accurate calculation and deduction of PF contribution for your manager.
Thanks
From India, Bangalore
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