Hi Kavitha,
I have a query regarding the contribution towards the provident fund. The basic pay is Rs. 15,000 and the gross pay is Rs. 20,000. The employer is willing to contribute 12% of Rs. 20,000, which amounts to Rs. 2,400.
Is it possible for the employee to limit their contribution to Rs. 1,800, which is 12% of the basic pay, in order to have more take-home pay? I would appreciate it if you could provide clarification on this matter.
Thank you,
Kavitha
From India, Chennai
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I have a query regarding the contribution towards the provident fund. The basic pay is Rs. 15,000 and the gross pay is Rs. 20,000. The employer is willing to contribute 12% of Rs. 20,000, which amounts to Rs. 2,400.
Is it possible for the employee to limit their contribution to Rs. 1,800, which is 12% of the basic pay, in order to have more take-home pay? I would appreciate it if you could provide clarification on this matter.
Thank you,
Kavitha
From India, Chennai
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Hi No both Emp and Employer to contribute equally either on actual basic and limit it to Rs. 1800/- max.
From India, Madras
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1015From India, Madras
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Thank you very much. I understand it is not a choice of the employee. The employer decides the PF amount subject to 1800 min. Employees' deduction cannot go below the employer's, but the employee can increase it if he wants.
From India, Chennai
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From India, Chennai
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