06 August 2021
I also have the same view. But today, I discussed this point with someone dealing in EPF. And he contended that the contribution is limited to wages of only Rs. 15,000 unless a higher contribution rate is opted by the employee and employer. I explained that this limit of 15,000 is only for the employer's contribution, but he disagreed.
Thanks for your reply. Now my doubt is cleared. Sir, can you please refer to any section or something to keep it in the file?
CAclubindia
