Pf act

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

17 July 2015 Can basic salary be constant for all employees ,Though the total salary varies for the purpose of calculation of pf ,In my company all the employees from directors to junior staff have same basic pay as 6500 .can it be fixed in this manner.Please respond

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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17 July 2015 No, basic pay should vary. Present PF limit is 15000. Once they are covered under PF they will be continued to be covered under PF irrespective of basic pay.