Hi friends
Can any one put some light on Rs.6500/- PF deduction limit?
Few companies cut PF only upto 6500/- and few cut even quite more ahead of that.
what is the exact rule ?
please urgent
Rajeev Dixit
From India, Bangalore
111Can any one put some light on Rs.6500/- PF deduction limit?
Few companies cut PF only upto 6500/- and few cut even quite more ahead of that.
what is the exact rule ?
please urgent
Rajeev Dixit
From India, Bangalore
Thanks Mr.Mallik,
Please dnt mind i have one more doubt here. As you said after 6500/- its a choice of the employer in that case upto what amount he can cut ?
suppose my basic + DA is 20,000 per month can employer cut on it the PF amount of 12% ?
regards
Rajeev Dixit
.................................................. ..
From India, Bangalore
Please dnt mind i have one more doubt here. As you said after 6500/- its a choice of the employer in that case upto what amount he can cut ?
suppose my basic + DA is 20,000 per month can employer cut on it the PF amount of 12% ?
regards
Rajeev Dixit
.................................................. ..
From India, Bangalore
Yes, they can do that. If the company want to continue PF beyond basic limit of Rs.6500/-, they can continue deducting. with regards, Mahesh
From India, Madras
From India, Madras
Hi,
Up to Rs6500,it is must for employer to deduct and employee have to cotribute.But Above Rs 6500 it is upon the employer they want to deduct or not.But if basic +DA of the employee is above Rs 6500 and employer ready to deduct ,the employee can refuse to opt PF.But once his PF deducted then he can not refuse.
Thanking you
Kumar
From India, New Delhi
Up to Rs6500,it is must for employer to deduct and employee have to cotribute.But Above Rs 6500 it is upon the employer they want to deduct or not.But if basic +DA of the employee is above Rs 6500 and employer ready to deduct ,the employee can refuse to opt PF.But once his PF deducted then he can not refuse.
Thanking you
Kumar
From India, New Delhi
Hi all,
but in my company for an employee whose basic is Rs.10000/- (Gross is20k) for them they are deducting Rs.1200/- which is employee contribution, but employer contribution is Rs.541 for employee pension and pf is Rs. 659. this is what followed in our company.
regards,
Sai
From India, Pune
but in my company for an employee whose basic is Rs.10000/- (Gross is20k) for them they are deducting Rs.1200/- which is employee contribution, but employer contribution is Rs.541 for employee pension and pf is Rs. 659. this is what followed in our company.
regards,
Sai
From India, Pune
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PF salab limit.pdf