Maximum Amout Of PF Deduction

rastogi.pooja
Dear All,
Please tell me the maximum amount of PF that can be deducted from the employee salary?
Though i knew its 12% of Basic but whats the Maximum amount?
Regards
Pooja
paddutr
Dear Member,
Some establishments contribute a maximum of Rs.780/- per employee per month as PF contribution.
Regards,
paddutr
jyotinegi
Hi Pooja,
The max. amount of PF deduction from the employer side is Rs. 780/- {6500 (Basic pay) / 12% = 780}.
Thanx
Jyoti Negi
dr.sandeep
It can be on actual Basic and DA, or Co can opt for 12% of 6500.
Left to Management.
Dr. Sandeep
Zonal HR Manager (South)
DTDC Cargo and Courier
09379057297
rastogi.pooja
But i want to ask that i am working in Hotel and paying more that 780/- as PF per month bcoz our basic is High. so wats the logic......
Regards
Pooja
ushachauhan7@gmail.com
Dear All
Please tell me the max. amount of PF that can be deducted from the employee salary?
Nitin4hr
Employer side you can deduct max 12% of basic
If any employee wants to contribute extra (employees Cont.) than the employee can give a declaration and ask the employer for higher cont. from employee side i.e. an employee can allow the employer to deduct 20% on basic but no interest is payable on extra cont.
Manoj Kshirsagar
The answer lies in your query only.
The basic salary of your employees may be higher than Rs. 6500/- & your employer might be paying the pf contribution on actula basic salary.
Regards
Manoj
muralirisen
Hi All,
If the employees Gross Salary is Rs.10000, What should be the minimum PF amount to be paid?
Kindly post your views.
Regards,
Murali.G
patroap
Dear Pooja and others,
If an employee draws basic+da more than Rs.6500.00 pm. Than it's employee's wish to remitt PF contn. on the excess/higher salary vide 50% of Basic. Similarly the Employer has obligation on Rs.6500.00 only. But, howervre if ER also may wish to pay the contribution on the excess (higher salary).
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