Exemption from provident fund

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TARIQUE RIZVI (Querist)
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03 April 2016 What is the limit of salary as upon which deduction of Provident Fund and payment of Provident Fund both are exempted.

CMA Ramesh Krishnan (Expert)
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03 April 2016 If the employee basic + da is more than Rs.6500, can opt for non deduction of PF with taking declaration from the employee

TARIQUE RIZVI (Querist)
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12 April 2016 Ramesh Bhai tks & rgds I have heard this slab of Rs 6500 is very old and nowadays slab has been increased.

CMA Ramesh Krishnan (Expert)
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14 April 2016 Yes. now current slab is Rs.15k. sorry for the mistake

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