Dear All,
I'm working professionally with a company where my basic salary is Rs. 20,000, but my employer deduct my Provident Fund on Rs. 15,000.
As per my opinion, my contribution should be
= 20,000*12% = 2400 (Employee Contribution)
But my contribution on my Salary Slip
= 15,000*12% = Rs. 1800 (Employee Contribution)
My employer deducts employer's contribution on Rs. 15,000.
I would like to know that, which one is correct.
Either me or my employer.
If there is any notification regarding this, please share.
I'm working professionally with a company where my basic salary is Rs. 20,000, but my employer deduct my Provident Fund on Rs. 15,000.
As per my opinion, my contribution should be
= 20,000*12% = 2400 (Employee Contribution)
But my contribution on my Salary Slip
= 15,000*12% = Rs. 1800 (Employee Contribution)
My employer deducts employer's contribution on Rs. 15,000.
I would like to know that, which one is correct.
Either me or my employer.
If there is any notification regarding this, please share.