Basic salary Limit for Provident Fund & Bonus
This query is : Resolved
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
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
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.
02 April 2008
AS FAR AS I KNOW CURRENT LIMIT FOR PF DEDCUTION IS RS.6500/-
S.K,GUPTA
09810467564
S.K,GUPTA
09810467564
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
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
03 April 2008
Limit is RS.6500/-
03 April 2008
Thanks for reply sir.
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