Dear All, PF-related Query: Does PF should be the same for all the employees? Is there any certain limit that maximum limit for PF should be 1800 only? Can it go below and beyond that ?
From India, Pune
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From India, Pune
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PF Rate for Employees
The PF rate is the same for all employees, set at 12 percent of the salary. The salary that qualifies for PF contribution means the gross salary excluding compensatory allowances like house rent and incentives, which depend on certain conditions. It may be limited to a salary of Rs 15,000. However, there is no compulsion that PF should be deducted and contributed only on that amount. It can exceed Rs 15,000 as well.
From India, Kannur
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4526The PF rate is the same for all employees, set at 12 percent of the salary. The salary that qualifies for PF contribution means the gross salary excluding compensatory allowances like house rent and incentives, which depend on certain conditions. It may be limited to a salary of Rs 15,000. However, there is no compulsion that PF should be deducted and contributed only on that amount. It can exceed Rs 15,000 as well.
From India, Kannur
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Provident Fund - Excluded Employee - Definition.pdf
What is Employee Provident Fund.docx