Dear Divya
As per Employee Provident Fund & Miscelleneous Provision Act 1952 If the employee’s emoluments exceed Rs. 6,500/- per month, he has the option to join the Scheme(s) with the consent of employer.
So it depends upon company's policy whether to deduct on limit of 6500/- or on Total Basic + DA.
But it will not depend upon employee to employee in same organisation i.e one company will deduct Pf @ 12% on Rs 6500/- and for another employee PF @ 12% on Rs 10000.00.
So it is clear that though employee Basic is high company has to on compulsory basis deduct the PF @ 12% on 6500/- and if low than on that basic.
Now I think is it clear to you. If you have more query on this topic than you can call me on 9909001742
Regards
Abhijeet Sawant
As per Employee Provident Fund & Miscelleneous Provision Act 1952 If the employee’s emoluments exceed Rs. 6,500/- per month, he has the option to join the Scheme(s) with the consent of employer.
So it depends upon company's policy whether to deduct on limit of 6500/- or on Total Basic + DA.
But it will not depend upon employee to employee in same organisation i.e one company will deduct Pf @ 12% on Rs 6500/- and for another employee PF @ 12% on Rs 10000.00.
So it is clear that though employee Basic is high company has to on compulsory basis deduct the PF @ 12% on 6500/- and if low than on that basic.
Now I think is it clear to you. If you have more query on this topic than you can call me on 9909001742
Regards
Abhijeet Sawant