Pf deduction in case of basic > rs..6500/-
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
14 March 2014
hi,
if the basic salary of the employee is above Rs.6500/- then is it compulsory to deduct 12% of the basic or is it ok if we deduct only Rs.780/- p.m.(12% of 6500) ?
if the basic salary of the employee is above Rs.6500/- then is it compulsory to deduct 12% of the basic or is it ok if we deduct only Rs.780/- p.m.(12% of 6500) ?
15 March 2014
It will be sufficient compliance with the Act if the PF is deducted on Rs. 6,500/- since the Act stipulates that the maximum salary shall be Rs. 6,500/-
The employer & the employee may agree to contribute on the total basic salary.
The employer & the employee may agree to contribute on the total basic salary.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- TDS Challan Code
- Liable to deduct tds and 44ADA
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Rent lease agreement
- Refund of 20%pre-deposit paid for stay application
- Agriculture income or business income
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
