Hello Seniors, If an Employee getting 30k Basic, Employer can share his part on full Basic i.e. 30K ?
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1From India, undefined
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Hi Sanjib,
The employer will have an obligation to contribute only to those drawing a salary of up to Rs. 15,000 only. Above this higher limit, it's only optional on the part of the employer. However, the employee can continue to contribute as a 'voluntary contribution' only.
Thank you.
From India, Bangalore
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The employer will have an obligation to contribute only to those drawing a salary of up to Rs. 15,000 only. Above this higher limit, it's only optional on the part of the employer. However, the employee can continue to contribute as a 'voluntary contribution' only.
Thank you.
From India, Bangalore
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SC Judgment-No obligation to excess contribution than Statutory Limit.docx
Employer cannot compel employees to open salary act in its bank - Kerala HC 14.3.2017.pdf