Please let me know the latest rule, maximum limit of salary for PF & ESI Deduction and which allowances are included in salalry limit,
Menu
PF & ESI limit
Replies (4)
Dear Neetu,
Limit for PF is Rs. 6500/- pm and w.e.f. 01.05.2010 limit for ESI is Rs. 15000/- pm . No allowances are included in Rs. 6500/- limit for PF purposes , however all allowances are included in Rs. 15000/- limit for ESI purposes .
CA. Dinesh Kumar Aggarwal
Shall the PF be deducted If anyone drawing salary more than 6500/-?
In case basic salary is exceeding Rs. 6500/- , PF is not applicable.
However in case of exisitng employees if basic salary crosses limit of Rs. 6500/- at any time ,PF Act will remain applicable and will be deducted only on Rs. 6500/- .
Is there any lower limit for Basic salary, that is mandatory and also for PF deduction.
Also, in a salary, except Basic, what all are given and at what %??
Recent Topic
- Free GST invoice tool I built for my practice R
- Clarification on Gratuity Exemption under Section
- GOODS AND SERVICE TAX - GSTR 1
- Correct ITR form
- Clarification required on Section 393 & Report
- Professional advance taxes
- Surrender pan process
- Tds on deceased's pan
- Exempt income declaration schedule EI in ITR2 (AY2
- Mold cost invoice in GST return
Related Topics
CAclubindia
