Dear Sir,
Please clarify EPF and EPS deposit updated limits. Suppose the Basic Salary is 25000/- and HRA and other allowances are Rs. 15000/-. For PF at 12%, how much can be deducted and deposited?
The maximum deduction on the Basic Salary of 15000/- (maximum limit) x 12% = 1800/-. Alternatively, can the deduction be on the Basic Salary of 25000/- x 12% = 3000/-?
Thank you.
From India, Hyderabad
Please clarify EPF and EPS deposit updated limits. Suppose the Basic Salary is 25000/- and HRA and other allowances are Rs. 15000/-. For PF at 12%, how much can be deducted and deposited?
The maximum deduction on the Basic Salary of 15000/- (maximum limit) x 12% = 1800/-. Alternatively, can the deduction be on the Basic Salary of 25000/- x 12% = 3000/-?
Thank you.
From India, Hyderabad
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