vmlakshminarayananHi Statutory requirement is 12% on Rs. 15000/- only. Employer 12% ; Employee 12% However Employer and Employee on mutual consent may contribute on actual PF wages also but not mandatory.
From India, Madras
pdteraiyaIts not mandatory to contribute 12% of entire basic. Statutory Limit is 15K so you are supposed contribute 1800 Maximum.
As per supreme Court decision PF'ble wage will include few components other than Basic
From India, Surat
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