Understanding EPF Deductions: Can We Set Basic Salary to 40% or 50%?

Our company is deducting EPF on 100% of the salary. For example, the salary of a worker is 14,000. The basic salary is also 14,000, and EPF deduction from the worker is 1,680, with the company also contributing the same amount. Now, the worker is requesting to deduct the minimum by setting the basic salary as 40% or 50%. My question is: what are the rules for this?

Deducting PF on gross salary is much more beneficial to the employee. They will get a higher return from the Provident Fund, as an equivalent amount shall be contributed by the company as well.

Thank you.

EPF is mandatory coverage for all employees earning a basic salary up to 15k.