Hi...I have recently joined an organization and In that organization they have a policy of deducting employer PF on 15000 @12%. Since My basic salary is more than 15000 and I want PF employer contribution to be on 20000 @12% and similar amount as my contribution. Now my employer is ready to have my contribution as 12% of 20000 but not ready to have employer contribution on 20000. The reason given is that while registration of PF account, they choose option to deduct 12% on 15000 hence it can't be changed now.
One more point worth noting is that my CTC includes employer contribution as well and I'm ready to have reduced take home salary.
I want to understand is it true that employer can't change. If not how to get it modified.
Thanks
Regards
One more point worth noting is that my CTC includes employer contribution as well and I'm ready to have reduced take home salary.
I want to understand is it true that employer can't change. If not how to get it modified.
Thanks
Regards