Thread Started by #Kamini0894

I want to know that if my basic salary is above 15000 then what will be my PF amount?
For eg : my basic salary is 20000 then what will be my PF contribution? 1800 or 2400
16th June 2019 From India, Mumbai
You can do it either way, take 12% of 20000 or restrict it to 12% of 15000. This depends upon the company's policy. Companies which consider provident fund as a statutory obligation will restrict the contribution to 12% of Rs 15000, whereas others will take it on actual salary. The latter is beneficial to the employees in long run, though their take home salary will be less when they contribute on actual salary.
17th June 2019 From India, Kannur
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