Admin. charges on pf

Musaib k (Article) (64 Points)

21 February 2012  

I know admin. charges on PF are 1.1% of basic. If an employee contributes more than the limit of Rs. 6500,that is he contributes on his actual basic( which is more than Rs. 6500),then will admin. charges be deducted on 6500 or the actual basic on which employees cont. was deducted. In one of the firms an employee was deducting his contribution on RS. 20,000( i.e. 12% on 20,000= Rs. 2400) an dthe firm was paying admin. charges on Rs. 20,000 and not Rs. 6500