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PF-Maximul limit

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(Querist)
01 June 2009 What is the maximum amount on which PF is to be deducted?
Suppose if a person getiing basic salary 1lac, is emplyoer liable to deduct/contribute Rs. 24000/-toward pf amount(12000-employee+12000/-employer's contribution)?
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
01 June 2009 There is no maximum limit.
However there is minimum limit of 12% and 10%.

Employee can pay more then the limit but can not force employer to pay hoigher then it
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Kamal Bisht

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Kamal Bisht (Querist)
01 June 2009 I am asking, if an employee is getting 10 lac basic salary, can emplyoer deduct 12 % of that 10lac or there is certain limit of amount on excess which PF can't be deducted/credited to govt.?



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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
05 June 2009 No limit is on amount . the limit is percentagewise not amountwise
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CA Nitin Wadhwani

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CA Nitin Wadhwani (Expert)
05 June 2009 Yes.
The ceiling limit is 6500/-.

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