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Dear Sir,
For Example: Employee Gross Salary is 30,30,000.00 Per Annum And his Gross Salary Per Month is 2,52,500. Now the Basic Salary 1,26,250/- Hra is 50500 and Special Allowance is 75,750/-. Can we calculate Pf Contribution on Actual Basic 1,26,250/- @ 12% of Employee and 12% of Employer?
Please clarify?

From India, Hyderabad

Why Not? You can pay contributions to EPF even on the gross salary, ie, Rs 2,52500 also. The employer can also contribute the same amount as is contributed by the employee. But, when contribution by the employer is bifurcated, you have to make only Rs 1250 to Pension Fund and the rest can be put in EPF. Obviously, if he is not an employee joined prior to Sep 2014, or is not an existing member of Pension Fund, no contribution can be made to Pension Fund but the entire share of employer should be put in Provident Fund alone.
From India, Kannur
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