Dear Queriest,
Pl.be aware, PF deduction has to be made for employees drawing upto Rs.6,500/- as salary/wages. (Pl.refer attachments for your guidance as to what is wages ?)
Once an employee crossess Rs.6500/- it is the discretion of the employee & employer whether or not to deduct PF subs. There is no compulsion of either side. But many employers continue the deduction of subscrition from emp. & employer's contribution even beyond Rs.6500/- voluntarily as a gesture and there is NO statutory liability.
There are companies which permits subs.from employees to their PF A/cs. even more than the permissible limits voluntarily and also allow them either to increase or decrease their subs. on adhoc basis once or twice in a year.
These extra subs/contributions generally happens in employers who have set up their own PF Trust to manage the PF as 'Exempted'.
kumar.s.
bg.