Wage ceiling limit in p f

Varadharajan giridharan (Senior manager Accounts)   (25 Points)

19 July 2014  

Given to understand that the wage ceiling for PF has been increased to Rs.15000 from Rs.6500.

I have  a following Doubts.

If the salary of employee( Basicx pay + D.A) exceeds Rs.15000

1. Should the company Or organisation Deduct PF for That Employee?

 2.IiN THE ABOVE CASE  SHOULD THE CONTRIBUTION BE RESTRICTED TO rS.15000 ON BOTH SIDES?

pLEASE CLARIFY