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.
7th March 2018 From India, Kannur