This is Harshita. I have little experience with PF. My doubt is that I am aware that the minimum basic salary to deduct PF is 6,500 Rs, but in the software field, the basic salary is 14,000 with PF deductions at 12%. How is this possible? Please clear my doubt.
Thank you.
From India, Hyderabad
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Thank you.
From India, Hyderabad
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Below is a link that will help you understand PF deductions: PF Deduction
From India, Pune
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470From India, Pune
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Splitting of minimum wages for PF in abeyance (1).pdf