Pf deduction on basic
This query is : Resolved
30 August 2014
AS per New guideline the PF limit has been increased from 6500/- to 15000/- is to increase the number of employees covered under PF or to increase the share of pf from 12% of 6500/- to 12% of 15000/-
And if an employee is getting a basic of Rs 15000/-, then what will be the compulsory pf deduction.
1. 12% of 6500/- which becomes 780/-pm
or
2. 12% of 15000/- Which becomes 1800/-pm
And if an employee is getting a basic of Rs 15000/-, then what will be the compulsory pf deduction.
1. 12% of 6500/- which becomes 780/-pm
or
2. 12% of 15000/- Which becomes 1800/-pm
30 August 2014
The compulsory deduction will now be Rs. 1800 per month.
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