Basic salary Limit for Provident Fund & Bonus

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Anil Chavan (Querist)
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02 April 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

Amit Sharma

Amit Sharma (Expert)
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02 April 2008 Salary includes Basic, DA, Commision, Bonus etc. As much as i know PF is deducted if a person salary is less than 10,000.

SHIV KUMAR GUPTA

SHIV KUMAR GUPTA (Expert)
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02 April 2008 AS FAR AS I KNOW CURRENT LIMIT FOR PF DEDCUTION IS RS.6500/-
S.K,GUPTA
09810467564

Anil Chavan

Anil Chavan (Querist)
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02 April 2008 Still I am confused.
I need to know that the basic salary limit is changed by Rs 6500/- to Rs 10000/- or not?

Please reply it. It will be helpful for me.

Regards
Anil