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khushr9024@gmail.com
I am new in HR Field. I want to understand the pf and basic salary calculation method.

If someone Cost to Company (CTC) is 15000/- or less then only he/she is liable for pf deduction? Or 15000/- is the limit of basic salary?
You all are experienced and respected for me. Your guidance is very important. Please guide.

From India, Jaipur
suhassaraguru
1

Dear



Please go through Sec 2(b) which defines basic wages and Sec 6 which deals with calculation of contribution ( Employees provident fund & Miscellaneous Act).

1) PF deduction is mandatory in respect of employees who's wages/salary is less than or equal to Rs.15000/-.
2) Where basic salary is more than Rs.15000/-, for the purpose of pf contribution we can restrict the basic wages to Rs.15000/-.

From India, Mysore
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