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Pension calculation

This query is : Resolved 
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(Querist)
16 April 2014 Hi friends
We have problem on employee's pension please clarify me.
Previously we are deducted Pension on basic: i.e
Basic - Rs. 18600/-
Pension on basic (18600*8.33%=1549)
as per EPF Rules pension should not exceed Rs.541/-.( Basic Rs.6500)

but currently we want to deduct 8.33% on 6500 basic salary i.e Rs 541/-

if now we deducted Rs 541 then any problem from the EPF department.

Thank you
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Rupesh Jain

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Rupesh Jain (Expert)
17 April 2014 no this amount is minimum amount on which you have to show Rs. 6500/-

there is no problem with EPF Deptt.
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