Dear All,
I need help from yours in regard to some clarifications on Provident Fund:
1) For PF deduction the ceiling basic salary limit is 6500/-. If basic of a member employee increases beyond Rs. 6500' after his having become a member, Is it mandatory to continue or can stop the contribution in PF?
2) On hiring if basic is already more than 6500/- do we need to contribute in PF as mandatory?
3) Are any companies are there who are not contributing because the basic is more than 6500/-?
Kindly help me in getting my queries resolved.
Thanks & Regards
Shilpi
I need help from yours in regard to some clarifications on Provident Fund:
1) For PF deduction the ceiling basic salary limit is 6500/-. If basic of a member employee increases beyond Rs. 6500' after his having become a member, Is it mandatory to continue or can stop the contribution in PF?
2) On hiring if basic is already more than 6500/- do we need to contribute in PF as mandatory?
3) Are any companies are there who are not contributing because the basic is more than 6500/-?
Kindly help me in getting my queries resolved.
Thanks & Regards
Shilpi