Dear All,
EPF dedcution is up to 6500 only.
the rules as follows.
1.If your Basic+D.A is more than 6500. (For Exampel-6600)it depends on Employer to continue with employee or not.(Means employer can colse the dedcution after 6500)
2.If employer has pay over 6500 the Pension porsen will can be dedcuted only on 6500.
3. VPF:- there is a provision of VPF in the EPF Msic Act 1952.
Vpf can be dedcuted 100%
But there is a provision in Factory act 1948
That No dedcution can be made more than 50% of The gross salary,Either it is Advance,loan,EPF,ESI,VPF or many more dedcution.
Atleast the employee have to somthing in his hand to Eat.
EPF dedcution is up to 6500 only.
the rules as follows.
1.If your Basic+D.A is more than 6500. (For Exampel-6600)it depends on Employer to continue with employee or not.(Means employer can colse the dedcution after 6500)
2.If employer has pay over 6500 the Pension porsen will can be dedcuted only on 6500.
3. VPF:- there is a provision of VPF in the EPF Msic Act 1952.
Vpf can be dedcuted 100%
But there is a provision in Factory act 1948
That No dedcution can be made more than 50% of The gross salary,Either it is Advance,loan,EPF,ESI,VPF or many more dedcution.
Atleast the employee have to somthing in his hand to Eat.