Dear Sir
At joining time 6000/- basic of one employee and PF deducted as 12% of basic after First increment his basic is 6600/- and he asked for non deduction of PF, it is possible or not
1 Replies
sagar
(CA FINAL STUDENT)
(60 Points)
Replied 04 October 2011
Dear sir,
The maximum amount from which the pf can be deducted is rs.6500/-, thus if the salary increased from 6500 the pf should be deducted on 6500/-. In other words we can say that the maximum amount of pf deducted is Rs. 780 (6500*12%).
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