sanjeevsharmakr
Dear Rajpal,
As per your reply mentioned under point no.5, employee or employer can not reduce the amount of P.F. Wages (Basic + DA) if an employee has opted to contribute on say Rs.15,000/-. But if that employee quits and rejoins the same employer after 5-6 months with higher Basic salary, in this case whether the contribution will be on new basic salary or it can be restricted to Rs.6500/- as the employee wants more take home salary.
Pls advise.
Regards,
Sanjeev


kumar_ranjeet@hotmail.com
30

Hi, FPS means Family pension scheme. Rs. 541 comes by ceiling amt 6500*8.33% which goes on FPS. regards ranjeet
From India, New Delhi
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