Employer pf contribution limite

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

04 June 2013 Can Employer contribute more than 12% amount(6500*12%=780)in PF.
example.
Employee.basic salry is.10000 and his PF contrubution is 10000*12=1200 and employer also contribute same amount.i'e 10000*12%=1200..
wheather this practice is correct if yes.than what will be effect as per income tax.all amount is allowed as per IT act.

CA. R. B. SAH

CA. R. B. SAH (Expert)
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04 June 2013 Yes this practice is correct. As per income tax, employer's contribution upto 12% is exempt i.e. 1200 in your case is exempt.

Querist : Anonymous

Querist : Anonymous (Querist)

08 June 2013 thanks sir ....

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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04 July 2013 Yes it can be done and no one shall be objecting to it except the employee who is getting less as cash carry

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