CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 21 August 2014
If basic is more than 15000/-, it becomes optional for employee to contribute to PF but no obligation on company....
Vandana J Doshi
(Practising Company Secretary)
(12562 Points)
Replied 21 August 2014
Anubhav Dubey
(Student CS)
(33 Points)
Replied 21 August 2014
PF deducted on from the both employer and employee on the basic salary or Rs. 15000 whichever is lower. If any employee having basic salary more than 15000 can deduct his PF on his basic salary which exceeds 15000, it is discretionary to the employee but it is not obligatory for employer to deduct PF on amount exceeding Rs. 15000.
Thanks
Anubhav Dubey
(Student CS)
(33 Points)
Replied 21 August 2014
PF deducted on from the both employer and employee on the basic salary or Rs. 15000 whichever is lower. If any employee having basic salary more than 15000 can deduct his PF on his basic salary which exceeds 15000, it is discretionary to the employee but it is not obligatory for employer to deduct PF on amount exceeding Rs. 15000.
Thanks
Stranger
(.)
(5531 Points)
Replied 21 August 2014
| Originally posted by : Anubhav Dubey | ||
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PF deducted on from the both employer and employee on the basic salary or Rs. 15000 whichever is lower. If any employee having basic salary more than 15000 can deduct his PF on his basic salary which exceeds 15000, it is discretionary to the employee but it is not obligatory for employer to deduct PF on amount exceeding Rs. 15000. Thanks |
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CA rahul
(BCOM(H) ACA)
(725 Points)
Replied 22 August 2014
CAclubindia
