Yes, as there is a ceiling limit of Rs. 6,500/-, the employee (EE) can contribute 12% of the entire basic amount, while the employer (ER) can restrict the contribution to the ceiling limit.
If an employer has already started contributing 12% of the actual Basic + DA (i.e., more than Rs. 6500/- per month), can it be restricted to 12% on Rs. 6500/- per month? Please clarify.
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