Dear All,
I've joined a new org in Chennai where they calculate 12% PF on basic only upto Rs. 6500 (as per law), whereas in my previous org in Mumbai we use to calculate 12%PF on the whole basic of the employee.
Why is there a difference ?
Can anyone help me by clarifying my doubt.
Thanks in advance !
Regards,
Sathya
I've joined a new org in Chennai where they calculate 12% PF on basic only upto Rs. 6500 (as per law), whereas in my previous org in Mumbai we use to calculate 12%PF on the whole basic of the employee.
Why is there a difference ?
Can anyone help me by clarifying my doubt.
Thanks in advance !
Regards,
Sathya