Dear Rajpal,
As per your reply mentioned under point no.5, employee or employer can not reduce the amount of P.F. Wages (Basic + DA) if an employee has opted to contribute on say Rs.15,000/-. But if that employee quits and rejoins the same employer after 5-6 months with higher Basic salary, in this case whether the contribution will be on new basic salary or it can be restricted to Rs.6500/- as the employee wants more take home salary.
Pls advise.
Regards,
Sanjeev
As per your reply mentioned under point no.5, employee or employer can not reduce the amount of P.F. Wages (Basic + DA) if an employee has opted to contribute on say Rs.15,000/-. But if that employee quits and rejoins the same employer after 5-6 months with higher Basic salary, in this case whether the contribution will be on new basic salary or it can be restricted to Rs.6500/- as the employee wants more take home salary.
Pls advise.
Regards,
Sanjeev