Dear all, Please clarify the following w.r. to EPF.
Employee Salary is 45,000.
Point 1 :
PF calculated salary is 40,000 x 12% = 4800 for employee and 1800 from employer (restricted to 15000). Is this acceptable.
or we have to restrict both the contributions on 15000 only.
please clarify.
From India, Hyderabad
Employee Salary is 45,000.
Point 1 :
PF calculated salary is 40,000 x 12% = 4800 for employee and 1800 from employer (restricted to 15000). Is this acceptable.
or we have to restrict both the contributions on 15000 only.
please clarify.
From India, Hyderabad
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Salary Sheet & PF PT Calculation & Challan Nov 2010.xls
PF ON LEAVE SALARY.jpg