01 January 2013
IS EMPLOYER LIABLITY TO DEDUCT PF UNDER PF ACT IS RESTRICTED ONLY ON BASIC SALARY OF 6500 PM? WHAT IF EMPLOYEE IS GETTING BASIC OF 15000 PM AND DA OF 1500PM PLEASE CLEAR ME ON ELIGBLITY
01 January 2013
The obligation to contribute towards PF under PF Act arises if the basis wages and DA exceeds Rs. 6500 per month. If the salary is more than Rs. 6500 then 12% off 6500 may be paid as an option.
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