Jeevarathnam
Sr. Manager Hr/admin
Rahul01g@gmail.com
Assistant Manager Hr
Vidyesh Kul
Software Consultant, Lms Expert
+4 Others

Thread Started by #EmployeeIBM

Dear All,
I'm working professionally with a company where my basic salary is Rs. 20,000, but my employer deduct my Provident Fund on Rs. 15,000.
As per my opinion, my contribution should be
= 20,000*12% = 2400 (Employee Contribution)
But my contribution on my Salary Slip
= 15,000*12% = Rs. 1800 (Employee Contribution)
My employer deducts employer's contribution on Rs. 15,000.
I would like to know that, which one is correct.
Either me or my employer.
If there is any notification regarding this, please share.
31st March 2016 From India, Delhi
Hi
As your basic salary is exceeding the ceiling limit of 15000/- then PF shall be contributed on the ceiling limit only. So your EPF contribution shall be 12% on 15000/- (15000 X 12%=1800) is correct only
31st March 2016 From India, Bangalore
Dear Jeevarathnam P, In my previous organisation, they had deducted the employee contribution on actual basic. Suppose If X employee basic is Rs. 30000/- Then X contribution is Rs 3600 Please advice.
31st March 2016 From India, Delhi
Your Employer is correct because EPF limit is 15000 decided by EPFO
31st March 2016 From India, Sonipat
AS PER PF REGULATION, EMPLOYER ARE MANDATORY TO PAY EMPLOYER CONTRIBUTION ONLY ON RS 15000( THIS IS RECENTLY REVISED WAGES , EARLIER IT WAS RS 6500).EMPLOYER AT FREE WILL CAN PAY MORE MATCHING 12% CONTRIBUTION
HOWEVER YOU CAN CONTRIBUTE 12% AS EMPLOYEE CONTRIBUTION. HOPE THIS CLARIFY YOUR QUERY
2nd April 2016 From India, Bangalore
As per the new amendment after increasing the pf slab from 6500/- to 15,000/- employer has to deduct PF contribution for Rs.15,000/- for those who drawing salary more than Rs.15,000/- and actuals for those who drawing less than Rs.15,000/-. This is for your information. If you want to contribute more for employee contribution you will do that but your employer will contribute for Rs.15,000/- only.
2nd April 2016 From India, Madras
@EmployeeIBM,
Please check copy of your offer letter, appointment letter which shows salary breakup. The employer's contributions to PF is shown as Cost To Company. Does it shows PF as 12% of Basic or 12% of 15000?
4th April 2016 From India, Mumbai
Hello,
Your employer is right, Legally he is bound to deduct employer's share on 15000, But if he is -desirous he can do it.But you cannot compel him to deduct on 20000. Here is the clear cut explanation of contribution.
EPF employees provident fund calculation,EPS,EDLI,Admin -----
The article tells you the ways to calculate EPF Calculation.
Thanks
16th November 2016
dear sir agar salary 18000 per month hai to 12% hamary salary se nahi kata ja sakta agar kata ja sakta hai to koi gazetted notification hai plz Reply.
20th September 2018 From India, Bhopal
sir principal employer 15000 se jyada par pf dena chahta hai like 16000 to kya hame 16000 par pf lena chahiye
20th September 2018 From India, Bhopal
Dear Sir/madam,
As per my opinion, my Basic+Special Allow + Exgratia is ( 12000+4000+4000)
= Rs. 20,000/- as per Judgement of Supreme court in civil Appeal No 6221 of 2011
as per maximum limit of Rs. 15,000*12% = Rs. 1800 (Employee Contribution)
I would like to know that, what is the correct formula in excel format for this rule .
30th April 2019 From India, Gurgaon
If an employees' basic is Rs. 30000.00 and remain 15 days absent than PF will be deducted on Rs. 7500 or Rs. 15000.00 as per Act.
Please clarfy.
Regards
Sone Lal Kashyap
8th May 2019 From India, Mumbai
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