Is it mandatory for employers to contribute PF on 12% of actual wages, instead of capping at INR15,000?

Anonymous

Dear All, We are a new setup company in April 2023. Is it mandatory for employers to contribute PF on 12% of actual wages, instead of capping at INR15,000?
3rd July 2023

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vmlakshminarayanan

952

Hi Statutory requirement is 12% on Rs. 15000/- only. Employer 12% ; Employee 12% However Employer and Employee on mutual consent may contribute on actual PF wages also but not mandatory.
3rd July 2023 From India, Madras

pdteraiya

Its not mandatory to contribute 12% of entire basic. Statutory Limit is 15K so you are supposed contribute 1800 Maximum.
As per supreme Court decision PF'ble wage will include few components other than Basic
10th July 2023 From India, Surat

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Is it mandatory for employers to contribute PF on 12% of actual wages, instead of capping at INR15,000?

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