Dear All
I agree with Harsha's comment,
What the Act says the employer share is maximum amount of Rs.780 (6500 x 12%). Where in this issued raised for seeking opinion, whether Employer can reduce the amount and pay Rs.780/- as Employer share.
Here, the EPFO bifurcates the contribution of Employer and Employee. If Employer pays more than Rs.780/-, the excess amount will be deposited into Employees share.
Hence, in this particular case, the person raised this issue has to confirm that who the EPFO authorities bifurcated the amount paid by his management.
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I agree with Harsha's comment,
What the Act says the employer share is maximum amount of Rs.780 (6500 x 12%). Where in this issued raised for seeking opinion, whether Employer can reduce the amount and pay Rs.780/- as Employer share.
Here, the EPFO bifurcates the contribution of Employer and Employee. If Employer pays more than Rs.780/-, the excess amount will be deposited into Employees share.
Hence, in this particular case, the person raised this issue has to confirm that who the EPFO authorities bifurcated the amount paid by his management.
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