Dear all
Under sec 29(2) of PF Act,,No upper limit of employees' contribution is defined.
Can an employy with basic salary of 30,000 P.M. contribute 20,000 towards his contribution.
Employer will however pay 12% on basic max.
If yes, any law or case law on this.? Will PF dept pay interest on employees' additional voluntry contribution?
regards
Suresh
Under sec 29(2) of PF Act,,No upper limit of employees' contribution is defined.
Can an employy with basic salary of 30,000 P.M. contribute 20,000 towards his contribution.
Employer will however pay 12% on basic max.
If yes, any law or case law on this.? Will PF dept pay interest on employees' additional voluntry contribution?
regards
Suresh