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Epf contribution

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(Querist)
11 December 2012 What will be employee's & emlpoyer contribution to EPF?

Employees Basic salary is 24000 per month.
will his contribution calculated on 24000 or 6500 further it goes to epf and pension fund.
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V K Bajaj

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V K Bajaj (Expert)
12 December 2012 The present law says it is MUST for 6500/- and beyond it is sweet wish of both employee and employer.

However, please note that yesterday a notification has been issued by which PF shall be applicable @ 12% on full salaries. So please wait and look for the complete details of this Notification.

contact@vkbajaj.co.in
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