Plz advice
DIPANSH (Job) (43 Points)
14 September 2014
Jaikishan
(CA)
(168 Points)
Replied 14 September 2014
pf will be deducted on 12% of basic salary by employer, however he can claim deduction under Income tax Act. (i.e.12% of Rs 9500), as PF act says upto 15000 basic PF is mandatory.
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