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(Querist)
19 June 2020 Dear All

A situation comes where an employer is reducing salary of an employee from 30000/- to 12000/-, and the employee accepts the same. What will be the PF liability for employer? and also by employee? As he and employer was contributing 12% of 15000 till last month and now whether the same can be 12%(10%) of 12,000?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
19 June 2020 Yes, it can be 12%(10%) of 12,000.
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Arun Kumar M

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Arun Kumar M (Querist)
19 June 2020 SIR, ANY REFERENCE FOR THE SAME?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
19 June 2020 I was president of PF trust that was the rules followed in our trust.
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Arun Kumar M

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Arun Kumar M (Querist)
19 June 2020 Ok sir, thank you very much.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
19 June 2020 Welcome....................
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