Understanding PF Deductions: Is 12% Applied to INR 15,000 or Basic Salary?

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EPF Aug 2020: PF Deduction Guidelines

If the gross salary is INR 15,000 and above, will the 12% PF deduction be applied on INR 15,000, or will it be deducted on the basic salary for all salary slabs?

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EPF Contribution Limit

EPF contribution at 12%, limited to a gross salary maximum of Rs. 15,000, is the stipulation.

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