Provident Fund
This query is : Resolved
02 January 2017
kindly let me know, whether PF is compulsory if salary is more than 15000/- at the earliest.
Mithun Agarwal
(Expert)
02 January 2017
If, drawaing salary (Basic+DA+cash value of food concessions) is more than Rs. 15000/- then PF deduction is optional its not compulsory.
KAVIRAJA ADDANGADI
(Expert)
03 January 2017
It depends company policy, company can exempt if employee basic salary exceeds Rs.15000/- or restrict PF benefit upto Rs.15000/-
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