What Is The PF Deduction Rate For An Employee ?.. CiteHR
CiteHRCiteHR
 
HOME RISE NEW TEAM →|

laddu123 Started The Discussion:

I want to know what is the PF deduction Rate for an employee, is it compulsorily 12% of Basic OR it can be limited to Rs 6500 for calculation.

My employer deducts PF of 12% towards my basic of Rs 20000, but he contributes only Rs 780. When asked, he told deduction of 12% of basic is mandatory. Is it so OR can I ask him to deduct only Rs 780 as my contribution ?

Thanks in advance.




 
 
 
 





POSTING RULES OF CONDUCT
  • Do not post anything derogatory about any company or person.
  • Sharing articles from other websites should be done by posting a link to the original article.
  • To discuss sensitive issues create a pseudo/anonymous account.
  • Please avoid repeat posting your company profile - such accounts are removed automatically.
  • If you have any insight on this, or if you are looking for information on the same topic, please engage with this member to help add value to this discussion.
    Disclaimer: This network and the advice provided in good faith by our members only facilitates as a direction towards the actions necessary. The advice should be validated by proper consultation with a certified professional. The network or the members providing advice cannot be held liable for any consequences, under any circumstances.

    Cite.Co helps people come together to solve each other's problems on all aspects of professional life.
    Share This Discussion:


    3M Users, 100K+ Documents & 450K+ Discussions
    About Us - Advertise - Contact Us - RSS   On Google+  
    All trademarks and copyrights held by respective owners. Member comments are owned by the poster.
    Privacy Policy | Disclaimer | Terms Of Service
    Facebook Page | Follow Us On Twitter | Linkedin Network