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Basic salary Limit for Provident Fund & Bonus

This query is : Resolved 
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(Querist)
31 March 2008 Hi Sir / Madam

I have some cofusion regarding the limit of basic salary (+DA) while deducting the PF from employee's salary And at the time of bonus payment.
Somebody told me that if employee's salary + DA is less than Rs 10000/- then deduction of PF & payment of bonus (bonus at least 8.33% of basic salary) is mandatory or if basic salary is more than Rs 10000/- then it is totally depends upon co.
I want to know that, the limit of basic salary is changed by Rs 6500/- to Rs 10000/- or not?
And this limit is also applicable for bonus or not?

Please reply Me.

Regards
Anil
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Anil Chavan

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Anil Chavan (Querist)
02 April 2008 Please Reply Me
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
03 October 2008 PF limit remains at Rs6500.
If Basic Plus DA is more than Rs 10000, bonus is not compulsory as per Payment of Bonus Act.
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