Good Evening Everybody,
Request you all to kindly clear this doubt of mine regarding PF deduction.As we all know that for the calculation purpose the upper limit of Basic and DA is 6500/- but I have seen that on paper or in the appointment letters the calculation is 12% basic and basic can be any amount.Also the inhand salary is as per deductions of appoitment letter.So what can I understand from this.Is there something hidden or I missed out on something.I could not get the solution of this query in the previous discussions.Please educate me on this.
Request you all to kindly clear this doubt of mine regarding PF deduction.As we all know that for the calculation purpose the upper limit of Basic and DA is 6500/- but I have seen that on paper or in the appointment letters the calculation is 12% basic and basic can be any amount.Also the inhand salary is as per deductions of appoitment letter.So what can I understand from this.Is there something hidden or I missed out on something.I could not get the solution of this query in the previous discussions.Please educate me on this.