Provident Fund Deduction
This query is : Resolved
11 November 2009
My understanding is that if the basic salary + DA is less than Rs 6500 per month, PF has to be compulsorily deducted and remitted. Is 12% deduction mandatory or can the company deduct 10%?
If the Basic salary + DA is over Rs 6,500, is it optional for the company to go for PF? If yes, does the company have the option to deduct PF at 12% on Rs 6,500, i.e. restrict the deduction to the limit of Rs 6,500 and remit Rs 780 on a monthly basis?
Pls clarify
If the Basic salary + DA is over Rs 6,500, is it optional for the company to go for PF? If yes, does the company have the option to deduct PF at 12% on Rs 6,500, i.e. restrict the deduction to the limit of Rs 6,500 and remit Rs 780 on a monthly basis?
Pls clarify
11 November 2009
12% DEDUCTION MANDATORY.IF YOU GO OPTIONAL THEN YOU WILL DEDUCT PF ON DRAWING BASIC SALARY.
12 November 2009
Thanks.
Can you also reply to the last part of my query on whether if the basic salary plus DA is over Rs 6,500, can the company restrict the PF to 12% of Rs 6,500 or should it be 12% on the actual salary of say Rs 8000?
Can you also reply to the last part of my query on whether if the basic salary plus DA is over Rs 6,500, can the company restrict the PF to 12% of Rs 6,500 or should it be 12% on the actual salary of say Rs 8000?
12 November 2009
need to deduct on actual salary
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