Hi siva kumari,
The PF conribution should be 12% from Employer and 12% from employee salary. The PFo has set the upper limit to Rs 6500/- as the amount for which 12% to bededucted. But the amount deducted from this varies from company to company, because some campanies are ready to pay higher from their account, or will have basic as 20,000/- so the 12% works out to Rs 2400/-, so It can be 780/- or rs 2400/-. Because if the company pay to higher Basic, then the cost to the company increases. Like here the CTC on PF is RS 28800/- AS AGAINST Rs 9360/- per annum. whatever the employer contriubuted as 12% towards PF, that amount is mandatorily deducted from the employee.
Also If the employee would like to contribute more towards his PF account , that option is also available for which yearly bonus is accrued.
Loan also can be availed on many occasions.
Please visit a PFO website to have more info.
Regards
Prabhakaran nambiar