:-PThank you Prathima for your response.
There are two different things in PF dedutions as per the discussions.
i) 12% of Basic
ii) Rs.780/-
My doubts are;
i) Is there any rule or relaxation about the Employer contribution can be fixed ceiling as Rs.780/- to employees who cross 6500/- as Basic;
ii) Is there any strict rule that we should deduct 12% from basic to employees of a new company which is going to introduce PF and all or can we restrict that also as Rs.780/- and
iii) What are all the questions will be encoutered when filing the returns with EPFO office, in case a company restricts its (Employer) contribution as Rs.780/- for those employees who cross Rs.6500/- as Basic and If so, how to defend and overcome with the PF officials?
Kinldy throw more lights on those lines.
regards,
Uniquenaga:icon1::icon1::icon1:
There are two different things in PF dedutions as per the discussions.
i) 12% of Basic
ii) Rs.780/-
My doubts are;
i) Is there any rule or relaxation about the Employer contribution can be fixed ceiling as Rs.780/- to employees who cross 6500/- as Basic;
ii) Is there any strict rule that we should deduct 12% from basic to employees of a new company which is going to introduce PF and all or can we restrict that also as Rs.780/- and
iii) What are all the questions will be encoutered when filing the returns with EPFO office, in case a company restricts its (Employer) contribution as Rs.780/- for those employees who cross Rs.6500/- as Basic and If so, how to defend and overcome with the PF officials?
Kinldy throw more lights on those lines.
regards,
Uniquenaga:icon1::icon1::icon1: