01 June 2009
What is the maximum amount on which PF is to be deducted? Suppose if a person getiing basic salary 1lac, is emplyoer liable to deduct/contribute Rs. 24000/-toward pf amount(12000-employee+12000/-employer's contribution)?
01 June 2009
I am asking, if an employee is getting 10 lac basic salary, can emplyoer deduct 12 % of that 10lac or there is certain limit of amount on excess which PF can't be deducted/credited to govt.?