I agree to whar Mr.Mohan said. Any Employee can voluntarily contribute more than 12% on his Basic& DA wages towards PF contribution. But Employer contribution limited 12%. In case of EPS, the limitation would be Rs.6500 ie the contribution to EPS would works out to Rs.541/- per month.
In her first e-mail Shalu said the Management deducts 20% as PF contribution to a particular employee. Hence, Mr.Mohan had to say it was illegal.
In her first e-mail Shalu said the Management deducts 20% as PF contribution to a particular employee. Hence, Mr.Mohan had to say it was illegal.