Hi Friends
Interesting to get lots of information on just one site - Cite HR. Well, here's a query from me..Seniors please help:
1. Besides reading through several posts, a basic doubt still prevails regarding the 12% interest rate for PF deduction. Is the 12% calculated over just Rs. 6500/- (irrespective of your Basic+DA) or 12% over Basic+DA.
2. Is the cut off still Rs.6500 or has been revised to 10,000/-.
Please update me with this information. I'm struggling really hard for this clarity.