Wage ceiling limit in p f

Announcement 425 views 1 replies

Senior manager Accounts

25 Points Joined 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

Replies (1)

CA Practice

147656 Points Joined September 2013

If the salary of employee( Basicx pay + D.A) exceeds Rs.15000, there is no need of the company Or organisation Deduct PF for That Employee.

If still the company wants to pay PF it can be restricted Rs.15,000. on both sides.

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