Employees contribution in pf

BASNAIR (Manager-Accounts & IT Systems)   (138 Points)

27 June 2018  

One Employer have deducted their employees pf as per given below structure is it correct or not?

Example 1

Employee-1 Basic 32000 Employees Cont. 32,000/- x 12% 3,840/- Employer Cont. 15,000/- x 3.67% (EPF) 550/- 8.33% EPS 1250/-

Example 2

Employee-1 Basic 4800 (but employees total salary is upto 10,000/-) Employees Cont. 4,800/- x 12% 576/- Employer Cont. 4,800/- x 3.67% (EPF) 176/- 8.33% EPS 400/-  is it ok deducted on 4800 or to be deducted on 10000/-

 

Example 3

If previous year the employee contribute his EPF @ 12% on his basic 32,000/-x 12% 3,840/- now he want to decrease  to ceiling limit 15,000/- x 12% 1,800/- it is possible?

Please explain me if am wrong.