Epf

This query is : Resolved

Raj Kumar Jha (Querist)
Follow

02 January 2015 Hi sir/ma'am

If an employee basic sallary is exceed than 15000/- then EPF is applicable on their Maximum Basic Sallary or only on 15000/-?

P V Ram

P V Ram (Expert)
Follow

02 January 2015 Minimum amount on which PF is to be deducted is Rs. 15000. Beyond this it is discretionary between employer and employee.

Thanks!

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
Follow

02 January 2015 https://www.caclubindia.com/experts/provident-fund-amendments-2014-query-1954604.asp#.VKZyUNKUdic

refer this for detail discussion.

Upgrade to CAclubindia Pro. Subscribe Now!

Raj Kumar Jha

Raj Kumar Jha (Querist)
Follow

13 January 2015 Sir my question is if EPF deducted the employee previous now their Basic sallary exceeds 15000 by same employee. the 12% EPF should be deducted on which amount actual basic salary or 15000 only?

P V Ram

P V Ram (Expert)
Follow

14 January 2015 Answer given earlier still holds good in this scenario also.

Thanks!