Hello,
Need some help to understand the PF rules from the Employers prospective. My Company is registered since 2yrs now & they have been deducted PF of more than 100 employees till now at the standard PF rules. Since our Basic is 40% ctc (e.g 18000 - Basic), the PF deducted is 12% of 18000 = 2160.
Its been 2years we are following this policy, and my question here is that can the employer change the salary structure for deduction of PF so that less PF can be deducted for "New employees" (not changing any structure for old employees) and so that take home salary will be increased.
Can my employer restrict the PF amount to a minimum i.e 780/- without changing the basic or any other component in the structure.?
Can the employer follow two set of rules for PF deduction?
Awaiting for response. Thanks
Riddhi
Need some help to understand the PF rules from the Employers prospective. My Company is registered since 2yrs now & they have been deducted PF of more than 100 employees till now at the standard PF rules. Since our Basic is 40% ctc (e.g 18000 - Basic), the PF deducted is 12% of 18000 = 2160.
Its been 2years we are following this policy, and my question here is that can the employer change the salary structure for deduction of PF so that less PF can be deducted for "New employees" (not changing any structure for old employees) and so that take home salary will be increased.
Can my employer restrict the PF amount to a minimum i.e 780/- without changing the basic or any other component in the structure.?
Can the employer follow two set of rules for PF deduction?
Awaiting for response. Thanks
Riddhi