Hello everyone,
I have some queries regarding Provident Fund (PF). I would appreciate your assistance in addressing them.
1)What is the upper limit for employee contributions to PF?
2)What is the maximum threshold for employer contributions to PF?
3)What is the lower limit for employee contributions to PF?
4)What is the minimum threshold for employer contributions to PF?
5)Is it necessary for both employee and employer contributions to be equal?
6)Based on the PF calculation, the employee contribution amounts to Rs 6000/- for a basic salary of Rs 50000/-. In this scenario, can the employee limit the PF deduction to Rs 21600/- per annum (equivalent to Rs 1800/- per month)? If so, what is the procedure for doing this.
Thank You.
I have some queries regarding Provident Fund (PF). I would appreciate your assistance in addressing them.
1)What is the upper limit for employee contributions to PF?
2)What is the maximum threshold for employer contributions to PF?
3)What is the lower limit for employee contributions to PF?
4)What is the minimum threshold for employer contributions to PF?
5)Is it necessary for both employee and employer contributions to be equal?
6)Based on the PF calculation, the employee contribution amounts to Rs 6000/- for a basic salary of Rs 50000/-. In this scenario, can the employee limit the PF deduction to Rs 21600/- per annum (equivalent to Rs 1800/- per month)? If so, what is the procedure for doing this.
Thank You.