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reduction in Basic

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 September 2010 Kindly help me its urgent:-
If the basic pay of an employee in reduced during the year . for example basic in the month of June was RS 8000, now from July 2010 is reduced to Rs 7500/-
so the contribution to EPF will reduced .
so reduction towards PF contribuion will have any statutory obligation



kindly help me its very urgent


Thanks
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
02 September 2010 you can deduct PF/EPF on Rs.7500/-
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