Please let me know the latest rule, maximum limit of salary for PF & ESI Deduction and which allowances are included in salalry limit,
4 Replies
DINESH KUMAR
(SERVICE)
(53 Points)
Replied 01 June 2010
Dear Neetu,
Limit for PF is Rs. 6500/- pm and w.e.f. 01.05.2010 limit for ESI is Rs. 15000/- pm . No allowances are included in Rs. 6500/- limit for PF purposes , however all allowances are included in Rs. 15000/- limit for ESI purposes .
CA. Dinesh Kumar Aggarwal
Mahendra
(chief executive -finance)
(21 Points)
Replied 01 June 2010
Shall the PF be deducted If anyone drawing salary more than 6500/-?
DINESH KUMAR
(SERVICE)
(53 Points)
Replied 01 June 2010
In case basic salary is exceeding Rs. 6500/- , PF is not applicable.
However in case of exisitng employees if basic salary crosses limit of Rs. 6500/- at any time ,PF Act will remain applicable and will be deducted only on Rs. 6500/- .
Tanuja
(HR Manager)
(21 Points)
Replied 01 May 2012
Is there any lower limit for Basic salary, that is mandatory and also for PF deduction.
Also, in a salary, except Basic, what all are given and at what %??
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