Hi,
To have the fundamental understanding on the new pf rule, I want to understand on whether the maximum deduction for an employee is set as 12% of 15000 or the 12% of basic salary. Kindly clarify it for the case of mine, where Basic is 16420, AGP is 6000 and PF is 10089.
If the limit is set to 12% of 15000, do I have the liberty to add voluntary PF to the deducted amount?
Thanks in advance.
Regards,
Karthikeyan
To have the fundamental understanding on the new pf rule, I want to understand on whether the maximum deduction for an employee is set as 12% of 15000 or the 12% of basic salary. Kindly clarify it for the case of mine, where Basic is 16420, AGP is 6000 and PF is 10089.
If the limit is set to 12% of 15000, do I have the liberty to add voluntary PF to the deducted amount?
Thanks in advance.
Regards,
Karthikeyan