Dear All, If an employee has PF deduction and has wages increasing annually, then what is the limit of wage increase ceiling? Is there any wage increase ceiling or have to continue to deduct PF?
From India, Bhopal
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From India, Bhopal
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there is notional capping on 15000/- however 15000/- capping is not maintained and contribution is maintained above 15000 by employee and employer both, than there is no upper limit prescribed.
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Wage increase in between the contribution period.JPG
PF Contribution on not less than Minimum Wage.pdf