Epf contribution

This query is : Open

sandeep bajpai (Querist)
Follow

11 December 2012 What will be employee's & emlpoyer contribution to EPF?

Employees Basic salary is 24000 per month.
will his contribution calculated on 24000 or 6500 further it goes to epf and pension fund.

V K Bajaj

V K Bajaj (Expert)
Follow

12 December 2012 The present law says it is MUST for 6500/- and beyond it is sweet wish of both employee and employer.

However, please note that yesterday a notification has been issued by which PF shall be applicable @ 12% on full salaries. So please wait and look for the complete details of this Notification.

contact@vkbajaj.co.in