Employee wants to deposit additional Amt Rs 5000/- towards PF contribution?

Dinesh Jailiya
One of our employee wants to deposit additional amt 5000/- towards pf contribution kindly advise possibility and how to show by employer.
Glidor
it is not deposit account but contribution account, if employee deposit 5000 then employer also have to pay equal amount in a nut shell the basic salary will get increased by 5000*100/12 =41667 abve the normal basic salary
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute