Hi All, I have recently joined a new company. In my previous organization, the PF contribution was Rs. 780 (12% of Rs. 6500) from both employer and employee. However, the "Basic" component was much more than Rs. 6500.
PF Contribution Structure Inquiry
What I want to know is, can I have this same structure with my new company? Will there be any legal obligations for my company or me if we do this?
Different "Basic" for PF and Income Tax
Also, can I have different "Basic" for PF and income tax calculation like I had in my previous company?
If possible, I would like to back this up with documentation so that my new company can implement this.
Thanks...
PF Contribution Structure Inquiry
What I want to know is, can I have this same structure with my new company? Will there be any legal obligations for my company or me if we do this?
Different "Basic" for PF and Income Tax
Also, can I have different "Basic" for PF and income tax calculation like I had in my previous company?
If possible, I would like to back this up with documentation so that my new company can implement this.
Thanks...