Hi Ravikumar,
As you mentioned abt contributions of employee and employer are correct. Both are contributing 12%each, which is calculated on Basic salary+DA, subject to the ceiling limit of Rs.6,500 as per act.
It means even if you are getting more than Rs.6,500, they will calculate the contribution on 6500 only. If you are interested to pay more you can opt for that. But employer will calculate on Rs.6,500 only.
I think I mentioned clearly. If I am worng plz correct me.
A.Ravikanth
Mobile:9848294239
e-mail:ravikanth.allanka@gmail.com
As you mentioned abt contributions of employee and employer are correct. Both are contributing 12%each, which is calculated on Basic salary+DA, subject to the ceiling limit of Rs.6,500 as per act.
It means even if you are getting more than Rs.6,500, they will calculate the contribution on 6500 only. If you are interested to pay more you can opt for that. But employer will calculate on Rs.6,500 only.
I think I mentioned clearly. If I am worng plz correct me.
A.Ravikanth
Mobile:9848294239
e-mail:ravikanth.allanka@gmail.com