Hello Seniors,
We are doing PF deductions to the only those whose salary is less than 6500/-. Employer and Employee equally contribute the PF. But those who are above 6500/-, for them employer not contributing any amount and the employee will have their interest to contribute the PF voluntary from his/her salary. If interested entire 24% will be deducted from their salary itself.
In this situation I am getting different opinions from so many people.
Hence I request you to kindly give your suggestion whether we are doing correct or wrong in view of employer what has to be contributed and what are all the obligations it has towards each employee of any salary range towards PF contribution.
Thanks in advance..
Sandhya.
We are doing PF deductions to the only those whose salary is less than 6500/-. Employer and Employee equally contribute the PF. But those who are above 6500/-, for them employer not contributing any amount and the employee will have their interest to contribute the PF voluntary from his/her salary. If interested entire 24% will be deducted from their salary itself.
In this situation I am getting different opinions from so many people.
Hence I request you to kindly give your suggestion whether we are doing correct or wrong in view of employer what has to be contributed and what are all the obligations it has towards each employee of any salary range towards PF contribution.
Thanks in advance..
Sandhya.