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Finance Manager
Talent Acquisition / Consultant - Catalis
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Hr Executive
Eswararao Ivaturi
Ex-manager (pers&adma)
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Hr Executive
Hr Development
+4 Others

Dear Seniors, Greetings!! I have a doubt in my mind , Is it possible to deduct PF on any amount less than 6500 of basic salary Regards, Amit.
From India, Delhi
Your question is not clear Please specify with some example please
From India, Chennai
Sir, what is the minimum salary amount on which a company can deduct PF? Regards, Amit
From India, Delhi
Hi All,
The same question raised during the pf inspection. As per pf inspector- those drawing basic salary less than 6500/- deduct the pf contribution on differential basic amount for example- if employee getting gross salary rs. 20000/- but his basic is rs.3000/- , as per PF Isnpector this is wrong - he is saying that minimum basic should be 6500/- and now deducted the pf on diff basic i.e rs. 3500/- and depsit to the pf oddice - IS THIS CORRECT- ANY CIRCULAR IS THERE THAT BASIC SHOULD NOT BE LESS THAT RS.6500/-?

From India, Mumbai
Dear Sanjay, Pf Inspector is wrong. No any circular release from PF organization.
From India
discuss the issue with experts in this filed and they are in opinion that diff. amount should be paid. pf to be deducted on rs.6500/-
From India, Mumbai
Dear Amith, PF Component will be deducted only if when the employee basic is 6500 or more than that it. Minimum basic is 6500. Regards: padmaja
From India
If the basic wage is less than Rs. 6500/- that should basic wage for PF. If it is more than Rs. 6500/- and above, the maximum basis is Rs. 6500/- only.
From India, Nellore
Dear sambasivakamasani, sorry it is not clear regarding your posting can u please elaborate it
From India
There is no minimum basic fixed for PF deduction.There was a circular of EPFO that the wages shown in PF should not be less than the MW fixed for that job by the State Govt.But it is not yet implemented.
Varghese Mathew

From India, Thiruvananthapuram

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