In continuation of the above-discussed topic, I would like to know views regarding the maximum limit towards PF contribution by an employee.
We are of the view that the maximum limit previously was around 42%. Then it became around 35%. And now it is 24% (including statutory 12%). I'm not sure regarding those establishments which contribute 10%.
Any opinions!
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We are of the view that the maximum limit previously was around 42%. Then it became around 35%. And now it is 24% (including statutory 12%). I'm not sure regarding those establishments which contribute 10%.
Any opinions!
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SC Judgment-No obligation to excess contribution than Statutory Limit.docx
PF Contribution on Leave Encashment - Clarification by EPFO.pdf