PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Use factoHR and automate your HR processes
Mobile-first hire to retire HR and Payroll software that automates all HR operations and works as a catalysts for your organisational growth.
koolakash02Hi There, PF to be deducted @ 12% of Basic / Basic + DA. If basic is increased and if its exceeding Rs. 15000, PF to be deducted on 15000 only (15000*12% = 1800). Thanks, Akash
From India, Secunderabad
ulhasnewaleOnce person enrolled in PF then it is mandatory to deduct his PF @ 12%,though he crossed limit of Rs.15000 ; however you can have ceiling of Rs 15000 while calculating PF.
From India, Pune
priya-puriThank you for the advise...It resolved my query...
From India, Lucknow
AnonymousOnce you are in PF, always in PF! Does this rule have any reference with sections or clauses or or Rules or Notifications?
From India, Kolkata