Pf contribution
This query is : Resolved
05 February 2014
my Total salary is 400000
Basic 15000
HRA 7500
TA 2500
others 15000
Now i want to know
my pf contribution
is 780 as using 6500 as basic or 12% of 15000
Basic 15000
HRA 7500
TA 2500
others 15000
Now i want to know
my pf contribution
is 780 as using 6500 as basic or 12% of 15000
05 February 2014
Hi Vipin,
PF contribution is at the discretion of employer they may contribute on actual basic of may restrict on capped basic Rs. 6500/-
Thx
PF contribution is at the discretion of employer they may contribute on actual basic of may restrict on capped basic Rs. 6500/-
Thx
05 February 2014
If basic salary crosses Rs.6500, deducting PF is not mandatory on the actual basic pay. It is optional for the employer. Employer can pay 12% on the basis of basic pay of Rs.6500 or 12% of actual pay.
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