Poonawalla fincorps
Poonawalla fincorps

Pf deduction

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Querist : Anonymous

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Querist : Anonymous (Querist)
13 July 2012 Dear Experts,

Till last month my basic salary was below Rs.6500/-, now from the month of July 2012 my basic salary has been increased to Rs.7000/-.

I requested the HR manager to continue to deduct PF on Rs.6500/- but he says as per PF rules he has to deduct on Rs.7000/-.

Is it Correct?
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CA CS Amit S. Kedia

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CA CS Amit S. Kedia (Expert)
13 July 2012 No, as per your choice it may be deducted on Rs. 6500 @12%.
But it may be it is company's poilicy to deduct on basic & DA

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