Query
View Poll Results: What is the basic ceiling limit for EPF deduction?
Rs 6500 20 46.51%
Rs 15000 22 51.16%
Rs 7500 1 2.33%
Voters: 43. You may not vote on this poll

What is the limit of basic for EPF deduction to be mandatory Rs 6500 basic or Rs 15000 basic Kindly let me know.

2nd October 2013 From India

Dear Mukti,
Greetings for the day,
Component consider for deduction of EPF is basic+da/vda+food conc. (if any), but mind it basic salary must not be less that the minimum wages as defind by state time to time. Secondly basic upto Rs.6500/- , the ducution of EPF will be must if basic exceed than Rs.6500/- then it is solely depend on the employer to provide benefit of EPF to its employee or not. Thirdly it is also depend upon the employer to deduct epf on actual basic or restrict for Rs. 6500/-. Once if an employee becomes a member of epf then the facility can't be withdrawn until his/her basic exceed, but it may restrict to Rs. 6500/-, But accumulation of EPS/EDLI should be done on Rs. 6500/-.
Hope this will be enough to clear your doubt, also go to my previous posting.
Thanks & Regards,
From,
Sumit Kumar Saxena
4th October 2013 From India, Ghaziabad
Please login to participate in this discussion or start your own. Create Account



About Us - Advertise - Contact Us - RSS   On Google+  
Privacy Policy | Disclaimer | Terms Of Service
Facebook Page | Follow Us On Twitter | Linkedin Network

All rights reserved @ 2017 Cite.Community™