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
AVTAR SINGH
(Expert)
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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