Hi Everyone,
Can anyone address my below query.
If any case the employees basic is more than Rs 6,500/- the employee contribution is on actual basic (Which is more than the basic) and can company contribute only for Rs 6500/- ???
Regards,
Rajesh
From India, Madras
Can anyone address my below query.
If any case the employees basic is more than Rs 6,500/- the employee contribution is on actual basic (Which is more than the basic) and can company contribute only for Rs 6500/- ???
Regards,
Rajesh
From India, Madras
Hi Rajesh Yes Employer and Employee can contribute PF on 6500/- Please go through the attachment. I hope it will be helpful to you. Regards Rajni.
From India, Rajkot
From India, Rajkot
Dear Rajni,
Thanks for your response.
But in my case from employee we want to deduct on Actual, and employer can contribute only for Rs 6,500/- is this possible??
For Example:
Employee basic -Rs 8000/-
Employee - 8000 - contribution is Rs 960 /-
Employer - 6500 - contribution is Rs 780/- balance (Rs 180/-)can we paid in take home??
Secondly there is any possibility to suddenly bring the contribution into the ceiling amount Rs 6500/-. (Where as employee and employer both are contributing on the entire actual (Which is more than 6500) for the past 10 years)
Please note: If you have any related documents or court verdicts please do share me.
Regards,
Rajesh.
From India, Madras
Thanks for your response.
But in my case from employee we want to deduct on Actual, and employer can contribute only for Rs 6,500/- is this possible??
For Example:
Employee basic -Rs 8000/-
Employee - 8000 - contribution is Rs 960 /-
Employer - 6500 - contribution is Rs 780/- balance (Rs 180/-)can we paid in take home??
Secondly there is any possibility to suddenly bring the contribution into the ceiling amount Rs 6500/-. (Where as employee and employer both are contributing on the entire actual (Which is more than 6500) for the past 10 years)
Please note: If you have any related documents or court verdicts please do share me.
Regards,
Rajesh.
From India, Madras
Hi Rajesh,
Want to know y ur organization want to do such things,
instead of deducting from actual amt which is 8000/- PF amt 960/- deduct it from amt 6500/- pf amt 780/- and let the employer contribute the same.. The amt 180 which is the difference will anyways get added in the take home amt. Hope u will get wat i mean.
Please do reply
Regards
Rajni.
From India, Rajkot
Want to know y ur organization want to do such things,
instead of deducting from actual amt which is 8000/- PF amt 960/- deduct it from amt 6500/- pf amt 780/- and let the employer contribute the same.. The amt 180 which is the difference will anyways get added in the take home amt. Hope u will get wat i mean.
Please do reply
Regards
Rajni.
From India, Rajkot
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PF Contribution on Leave Encashment - Clarification by EPFO.pdf