03 March 2008
First you make decide not to go for PF contribution. Secondly even if u do wish to go, then PF may be ddeeducted on whole Basic Rs.30000/- or u may restrict to Rs.6500/-.
05 March 2008
AS PER PF. ACT WHAT IS STATED IS MINIMUM ON WHICH P.F IS TO BE DEDUCTED. THE LAW ALLOWS MORE TO BE DEDUCTED IF YOU DESIRE UNDER VOLUNTARY P.F. YOU HAVE TO TAKE THE CALL. WHAT YOU WANT TO DO. YOU HAVE BOTH OPTIONS. BUT EMPLOYER CONT. IS NOT AVAILABLE ON VOLUNTARY P.F. CONT. OF THE EMPLOYEE. STIPEND DOES NOT ATTRACT P.F. R.V.RAO