Contribution to provident fund
This query is : Resolved
11 February 2014
As per the Act, employees and employer's providential fund is 12% of Basic + D.A... (each)
As I have read it in one of the articles,that If the employees basic salary is above 6,500 say 11,500 can employer's contribution be 12% of 6500. ( just want to clarify whether it is possible)
If possible under which section of the related Act?
CA PRITI RATHI
(Expert)
12 February 2014
As per Provident Fund Act, if your basic + DA is below 6,500 previously where employer used to deduct PF , and after that it got increased to 11,500 , then in such situation employer can deduct your PF only on 6,500.
But if from the very first day your salary + DA is 11,500 then no neeed to deduct PF at all
But if from the very first day your salary + DA is 11,500 then no neeed to deduct PF at all
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