07 January 2009
Respected Sir/Madam I want to know whether it is possible to deduct employees share in PF more than 12%? If it is possible than what will be Employers contribution and other entries Regarding A/c 1,A/c 2, A/c 10,A/c 21 and A/c 22.Shall employer share remain 8.33% please help
07 January 2009
yes can employee can get his PF deducted for more than 12%. employer should get written consent from employee. employer can contribute higher than 12%-though it is not compulsory. Also, employer contribution over & above 12% & intt on it will be taxed for employee in the relevant previous year.
07 January 2009
Respected Sir/Madam I want to know whether it is possible to deduct employees share in PF more than 12%? If it is possible than what will be Employers contribution and other entries Regarding A/c 1,A/c 2, A/c 10,A/c 21 and A/c 22.Shall employer share remain 8.33% please help . If employees contribution is 15% what will be employers contribution? please help