Require Official Gazette for Rs.15000 PF Ceiling for basic salary - CiteHR
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Hi Guys,
We are going to register for PF and there is so much of info that i have gathered, that i am confused!
1. If we fix on the cutoff Slab of Rs. 15000 Basic Salary as per the recent updated rule, does that mean whatever is the Basic salary if its more then 15000 then i should calculate PF contribution on 15000 basic salary slab ?
For Eg : Rs. 55000 CTC PM , the basic is Rs. 16500 i.e 30% of the CTC, in that case i will deduct PF i.e 12% of Rs.15000,or it should be Rs. 16500 only.
2. Also if any basic salary less then 15000, then the pf should be deducted at the actual amount ?
For Eg : Rs. 20000 CTC PM , the basic is Rs. 6000 i.e 30% of the CTC, in that case i will deduct PF i.e 12% of Rs.6000.
Also I request - if you have the official gazette for the updated slab ceiling rule to rs. 15000.. plz share it

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