Dear Sirs,
Employee basic is ` 35,000/- can they contribute @ 12% on ` 35,000/-. ?
Employee basic is ` 35,000/- can they contribute upto maximum @ 20% on ` 35,000/-. ?
Or
Employer contribution maximum limit ?
Please explain.
BASNAIR (Manager-Accounts & IT Systems) (138 Points)
16 March 2011
Dear Sirs,
Employee basic is ` 35,000/- can they contribute @ 12% on ` 35,000/-. ?
Employee basic is ` 35,000/- can they contribute upto maximum @ 20% on ` 35,000/-. ?
Or
Employer contribution maximum limit ?
Please explain.
Lalit Kumar
(Vice President )
(2213 Points)
Replied 16 March 2011
Employee can Contribute upto 20%.. thats his wish..