Hello Seniors,
Just wanted to know if the limit of Rs 780 as Employer Contribution is inclusive of extra charges (PF Admin & Inspection etc) or is it exclusive i.e. basic x 12%= 780 (limit for employer) + Admin Charges. Please clarify
From India, Mumbai
19Just wanted to know if the limit of Rs 780 as Employer Contribution is inclusive of extra charges (PF Admin & Inspection etc) or is it exclusive i.e. basic x 12%= 780 (limit for employer) + Admin Charges. Please clarify
From India, Mumbai
Dear, Employer contribution is 12% of 6500 ( Rs. 780) +Adminstration charges is 1.61%, so all total 13.61% of 6500 is employer’s contribution. Akshay 9892366434
From India, Mumbai
From India, Mumbai
Your question on whether the contribution is exclusive or inclusive of "extra charges" has been answered correctly by Mr. Madhu T.K.
However, you must study the Act properly, to understand that the usage of the phrase "the limit of Rs 780", is not correct.
Depending on Employer's employee-friendly policy, it can go up much higher. The Act does not put a cap on Rs. 780.
From India, Delhi
However, you must study the Act properly, to understand that the usage of the phrase "the limit of Rs 780", is not correct.
Depending on Employer's employee-friendly policy, it can go up much higher. The Act does not put a cap on Rs. 780.
From India, Delhi
Noted Mr. Hansdah......but the act does mention about basic salary taken into account for deduction to be a max of Rs 6500 limit. What would the outcome be if the Employer doesnt want to contribute above the limit of Rs 6500 x 12% wherein he has also excluded quite a few employees by showing a minimum basic above Rs 6500p.m.....Regrds SS
From India, Mumbai
From India, Mumbai
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