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 Topics :
- Free CA Foundation Study Material - PYQs with Sugg
- INCOME TAX
- Moving from old to new tax regime after notice
- Need urgent help on notice
- ITR-3 - F&O Loss adjusted against business inc
- Error - Blank Rows in Schedule SI (ITR-2)
- Dividend from co-operative society
- SECTION 139(10) OF THE COMPANIES ACT, 2013 CASE
- TDS u/s.194C returns filed in ITR-1
- TDS on Property - Form 26QB Related
Related Topics :
CAclubindia
