What Is The PF Deduction Rate For An Employee ?
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What Is The PF Deduction Rate For An Employee ?

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.

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