PF deductions - wherever the basic salary > 15000 we will deduct 12% at 15000 only?

k_mba

Dear members, As of now, we are deducting PF on basic whether it is Rs.15000 or Rs.50000. We want to bring a change in the structure for new joiners that wherever the basic salary > 15000 we will deduct 12% at 15000 only. Seen this in most of the salary slips of other organisations.
Please suggest.
25th July 2019 From India, Delhi

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vmlakshminarayanan

317

Hi, Yes PF for above 15000/- is optional and not compulsory.
25th July 2019 From India, Madras

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PF deductions - wherever the basic salary > 15000 we will deduct 12% at 15000 only?

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