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relating to provident fund

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 July 2010 is it true that employer or employee contribution is calculated on if salary is 6500.(actual salary is more than 6500)??
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
11 July 2010 Yes employer is liable to contribute only on 6500/- even if salary is more than Rs.6500/-. It is on employer whether he contributes on total actual salary. But his liability is only to the extent on Rs.6500/-.
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CA Gangadhar Mishra

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CA Gangadhar Mishra (Expert)
11 July 2010 agree its the discretion of the management if basic salary exceeds Rs.6,500/-




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