hai seniors can anyone suggest me i want to know that is there any maximum limit of salary for p.f contribution . if there is limit please suggest me the procesure of provident fund for employee
From India, Visakhapatnam
Acknowledge(0)
Amend(0)
From India, Visakhapatnam
Acknowledge(0)Amend(0)
hai seniors can anyone suggest me i want to know that is there any maximum limit of salary for p.f contribution . if there is limit please suggest me the procesure of provident fund for employee
From India, Visakhapatnam
Acknowledge(0)Amend(0)
From India, Visakhapatnam
Acknowledge(0)Amend(0)
there is no maximum limit. the act provides for a capping of 6500/- to calculate EPF contribution by the employer.
From India, Pune
Acknowledge(0)Amend(0)
186From India, Pune
Acknowledge(0)Amend(0)
Your query is not clear and can be read in multiple ways.
1. The PF Act provides that where the salary (basic + DA) is above 6,500 per month, the PF computation will be done as if the salary is 6,500 per month. However, nothing stops the employer and employee from contributing higher amounts.
2. If an employee joins the company at a starting salary of more than 6,500 per month and does not have an existing PF account with a previous employer, they are entitled to claim exemption from PF. Note: It is the employee's choice, not the employer's choice.
From India, Mumbai
Acknowledge(0)Amend(0)
1. The PF Act provides that where the salary (basic + DA) is above 6,500 per month, the PF computation will be done as if the salary is 6,500 per month. However, nothing stops the employer and employee from contributing higher amounts.
2. If an employee joins the company at a starting salary of more than 6,500 per month and does not have an existing PF account with a previous employer, they are entitled to claim exemption from PF. Note: It is the employee's choice, not the employer's choice.
From India, Mumbai
Acknowledge(0)Amend(0)Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.