Can employees contribution into PF be more than 12%?
This query is : Resolved
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
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.
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
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
07 January 2009
Statutorily PF should be deducted @12% minimum. It can be more on discretion of employee.
14 March 2012
An employee can choose to contribute in excess of 12% to his PF account.
However, it is not mandatory for the employer to match the contribution.
However, it is not mandatory for the employer to match the contribution.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
