Reduction in pf contribution
This query is : Resolved
Sunil Oberoi
(Querist)
24 September 2012
An employee in our organisation is till today contributes 12% of his basic salary which is above 6500/-, he wants to reduce his contribution to 12% on 6500/-, can it be done.
CA.Vinita Gupta
(Expert)
24 September 2012
It cannot be reduced , Mininmum contribution of 12% has to be contributed by employee
Sunil Oberoi
(Querist)
24 September 2012
even if it is more than the stipulated limit of rs.6500/-
CA.Vinita Gupta
(Expert)
24 September 2012
Reduce the Basic Salary (but not below Rs.4300/-)
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