Madhu.T.K
Industrial Relations And Labour Laws

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I want some information for PF Limit so please suggest as per below.
If My Monthly Gross Amount is to be 80000 and my basic is rs.48000, Then How Many Pf would be deduct from my salary 5760 or (Rs. 1860) other amount , as per Celling amount Rs..15500 ? Please suggest calculation as per this situation.

You can deduct PF either on your gross salary or basic alone. If you are deducting it on basic alone, it should not be on a salary of less than Rs 15000. Accordingly, there can be three choices.
1. PF on gross salary of Rs 80000, ie, Rs 9600.
2. PF on basic wage of Rs 48000, ie, Rs 5760
3.PF on statutory wage of Rs 15000, ie,Rs 1800
In all these cases, no pension fund contribution will be made. The entire employer contribution at the above rates will go to PF alone.
If already a pension fund contributor then, the employer will continue to contribute Rs 1250 being 8.33% from his share calculated on a salary of Rs 15000 to pension fund.

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