Hi,
I would like to know what would be the employer contribution towards PF if the basic of an employee is Rs.10000/-. Is it 12% of 10000/-???
I heard that the organisation is liable to contribute towards PF only a maximum of 12% of Rs.7500/-??
I also want to know if the emplyee does not wish to contribute for PF whose basic is more than Rs.7500/-, is it mandatory by the employer to contribute towards PF for the particular employee?
Kindly clarify.
I would like to know what would be the employer contribution towards PF if the basic of an employee is Rs.10000/-. Is it 12% of 10000/-???
I heard that the organisation is liable to contribute towards PF only a maximum of 12% of Rs.7500/-??
I also want to know if the emplyee does not wish to contribute for PF whose basic is more than Rs.7500/-, is it mandatory by the employer to contribute towards PF for the particular employee?
Kindly clarify.