Hi All,
As per the government Employee PF contribution is 12% of Basic and Employer PF contribution is 13.36% and the limit of Employee PF contribution is 1800 now Employer provident is also 1800 or 2004?
From India, New Delhi
As per the government Employee PF contribution is 12% of Basic and Employer PF contribution is 13.36% and the limit of Employee PF contribution is 1800 now Employer provident is also 1800 or 2004?
From India, New Delhi
SUCH COMPANIES CALCULATE ON TOTAL BASIC. THEY ARE NOT COUNT THE LIMIT OF 15000/- LIMIT OF P.F DEDUCTION.
P.F DEPARTMENT ALSO NOT WORKING IN THAT CASE ALL TYPE OF PAYMENT ARE ACCEPTABLE IN CONTRIBUTION.
LAST AND FINAL THING IS THAT IN ALL ACT's THERE IS NO DEFINATION THAT HOW MANY AMOUNT HAVE TO PUT IN BASIC RATE.
THAT COMPNIES GET PROFIT FROM THIS TOPIC AND CALCULATE EVERY THING ON COMPNY POLICIES
From India, Mumbai
P.F DEPARTMENT ALSO NOT WORKING IN THAT CASE ALL TYPE OF PAYMENT ARE ACCEPTABLE IN CONTRIBUTION.
LAST AND FINAL THING IS THAT IN ALL ACT's THERE IS NO DEFINATION THAT HOW MANY AMOUNT HAVE TO PUT IN BASIC RATE.
THAT COMPNIES GET PROFIT FROM THIS TOPIC AND CALCULATE EVERY THING ON COMPNY POLICIES
From India, Mumbai
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Provident fund.zip
PROVIDENT FUND.rar
PROVIDENT FUND.doc