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Employer pf contribution limite

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Querist : Anonymous

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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.
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CA. R. B. SAH

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CA. R. B. SAH (Expert)
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.
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Querist : Anonymous

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Querist : Anonymous (Querist)
08 June 2013 thanks sir ....
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C A S.S.Agarwal, M.Com.,LL.B,

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C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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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