Dear Mr. Sanjay, irrespective of gross salary, PF will be calculated on the basic salary. Until the basic salary of Rs. 6,500, the PF amount will be 12% of the basic.
As PF is applicable for employees with a basic salary equal to or less than Rs. 6,500, PF will be calculated as 12% on Rs. 6,500 even if the basic salary exceeds Rs. 6,500.
For your query, if the basic salary is Rs. 7,500, the PF amount will be Rs. 780 (12% on Rs. 6,500).
Regards,
SriHari.