Pf deduction
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 July 2012
Dear Experts,
Till last month my basic salary was below Rs.6500/-, now from the month of July 2012 my basic salary has been increased to Rs.7000/-.
I requested the HR manager to continue to deduct PF on Rs.6500/- but he says as per PF rules he has to deduct on Rs.7000/-.
Is it Correct?
Till last month my basic salary was below Rs.6500/-, now from the month of July 2012 my basic salary has been increased to Rs.7000/-.
I requested the HR manager to continue to deduct PF on Rs.6500/- but he says as per PF rules he has to deduct on Rs.7000/-.
Is it Correct?
CA CS Amit S. Kedia
(Expert)
13 July 2012
No, as per your choice it may be deducted on Rs. 6500 @12%.
But it may be it is company's poilicy to deduct on basic & DA
But it may be it is company's poilicy to deduct on basic & DA
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