Povident fund.
Querist : Anonymous
Can you please guide me that what is the percentage deduction of provident fund for employee & employer as well (because i heard that there are 3 alternative methods for it) secondly what is the procedure for the registration under PF ?
Thanks.
Querist : Anonymous
Also, Can you please give me some clarification on the calculation procedure.
I had come across an article where it was mentioned that the PF is Rs. 780 or 12% of Basic + DA whichever is higher. If an employee's PF contribution (i.e. 12% of Basic + DA) results to an ammount less than Rs. 780 then what will be the contribution? Will it be the same amount or will it be Rs. 780.
Accordingly, it becomes like Rs. 780 or 12% of salary whichever is low as per statute.
Querist : Anonymous
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