20 December 2014
Dear Experts, I want to Know Applicability of PF For Pvt ltd Company. As I know If any Company having more than 20 Employees is liable for PF Act. Rs 6500 is the limit for Employee.
What if employee getting More than 6500 salary as basic + DA??
20 December 2014
Present limit is 15000. An employee if drawing (Basic+DA )salary more then Rs.15000 they can be legally exempted from the PF deduction by getting employee Signature & their willingness to not deduct PF in Form 11.
CAclubindia
