Provident fund contribution by employer
This query is : Resolved
03 March 2019
Can employer contribute 12% Of minimum CTC prescribed RS.1800 being 12% of MINIMUM CTC RS.15000 where CTC is more than RS.15000 pm or he has to contribute 12% of actual CTC where CTC is more than RS.15000 p.m.?
please advice on the same
please advice on the same
CA R SEETHARAMAN
(Expert)
04 March 2019
Yes employer can contribute 12% Of minimum CTC prescribed RS.1800 being 12% of MINIMUM pay RS.15000. Higher contribution is left to the option of the employer.
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