If the basic salary of an employee exceeds Rs.6500/- ( Say Rs.15000/-) what is the Employer and Emplyee's contribution towards Emplyees Pvidend Fund Scheme, 1952?
Menu
Employee earning more than Rs.6500/- what is the PF amount?
Replies (2)
Where the salary of employee exceeds Rs. 6500 pm, he will be treated as if earning salary of Rs.6500pm. As in your case, where employee is earning Rs.15000pm, he will be treated as if earning Rs. 6500 pm for PF.
| Originally posted by : ABHIJEET DESHPANDE | ||
 |
Where the salary of employee exceeds Rs. 6500 pm, he will be treated as if earning salary of Rs. 6500pm. As in your case, where employee is earning Rs. 15000pm, he will be treated as if earning Rs. 6500 pm for PF. |
 |
no its in the case of pension sheme and deposite linked insurance sheme in case of epf employee and employer contribution shall be 15000x10of%=1500 pm
now pension scheme contribution of employer=8.33%of 6500(exceeding 6500)=541.45
so employer contribution towards shall be 1500-541.45=958.55
Recent Topics :
- How Do CA Firms Manage Client Document Collection
- How do CA firms manage pending client documents du
- How to find a good CA
- Rcm on rent paid
- Clarify on GST Application
- Residential status for overseas students visitin
- Capital Gains Tax
- LTCG 112A and business loss
- FAST-DS 2026 applicability: foreign employee share
- NRI Property Sale in India: TDS Rates and Key Comp
Related Topics :
CAclubindia
