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?
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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- TAN for Partnership
- Treatment of Pension ?annuity returns on PMVY
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Sales return eway bill
- GST ON DAMAGED GOODS
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- CA IPCC Registeration in 2012, Is my registration Active or Expired
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
