ritu-karmakar
I have a doubt . Is there any thing like if a person's basic salary is less than 15000 mandatory pf deduction would be flat 1800 & whose basic salary is more than 15000 then mandatory deduction would be 12% on basic?(Except Esi employee) ?
From India, Bengaluru
JudeGR
55

If basic is less than 15k, consider all allowances except HRA for pf calculation.otherwise 12% on actual basic Contribution can be limited to 15k independent of higher the basic component
From India, Chennai
swati-krish
15

Hi Anonymous,
Actually it is vice versa of what you have said.
If the BP is less that Rs.15000, 12% of all components except HRA
If the BP is more than Rs.15000, the contribution is restricted to Rs. 1800

From India
jil.rksingh
If bp + DA less than 15k cont. Calculated on 10 or 12 % on actual basis .
If bp + DA @ more than 15k and if employer following minimum slab of EPF/EPS it should be restrict 15k and pf cont. Will be 1800.

From India, Kolkata
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