Dear sir, Please clarify EPF and EPS deposit updated limits
Suppose Basic Salary 25000/-
and HRA and Other Allowances Rs.15000/-
how much maximum can be deducted and deposited on Basic salary 15000/- (maximum limit) x 12% = 1800/-
or Can Deduct Basic Salary 25000/- x 12% = 3000/-
From India, Hyderabad
Rs 15000,/- is max limit of salary ie basic and DA for deduction of epf contribution amonunt. As per epf act.
However its upto employer and employee if they mutually agree to deduct epf contribution
at higher rate of salary.
From India, Vadodara