PF CONTRIBUTION
This query is : Resolved
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Arun Kumar M
(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?
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?
CA R SEETHARAMAN
(Expert)
19 June 2020
Yes, it can be 12%(10%) of 12,000.
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Arun Kumar M
(Querist)
19 June 2020
SIR, ANY REFERENCE FOR THE SAME?
CA R SEETHARAMAN
(Expert)
19 June 2020
I was president of PF trust that was the rules followed in our trust.
Arun Kumar M
(Querist)
19 June 2020
Ok sir, thank you very much.
CA R SEETHARAMAN
(Expert)
19 June 2020
Welcome....................
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