Similar to the Employer EPF limit of 6,500, can the employee also restrict their contribution to 12% of 6,500 and not pay based on the basic salary?
For example, if an employee's basic salary is 10,000, and they wish to restrict PF deduction to 6,500, can this be implemented for the employee?
Thanks for your valuable feedback.
From India, Chennai
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For example, if an employee's basic salary is 10,000, and they wish to restrict PF deduction to 6,500, can this be implemented for the employee?
Thanks for your valuable feedback.
From India, Chennai
Acknowledge(0)Amend(0)
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EPF-Circular-da ted-23-May-2011 -Splitting-of-M inimum-Wages-fo r-the-Purpose-o f-PF-Contributi on-Not.pdf
SC Judgment-No obligation to excess contribution than Statutory Limit.docx