Pf limit
This query is : Resolved
sanjay jindal
(Querist)
07 September 2014
What amount need to be deducted law fully when salary is 25000/- nil or on 15000/-.
07 September 2014
Its not Nil. As per law liability is to the extent of Rs 15000 only but employer may contribute on higher amount. PF is calculated on Basic + DA @12%. In the given case if Basic + DA is Rs 25000 then employer has to contribute on Rs 15000 but if the employer wish PF can be contributed on Rs 25000 as well.
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