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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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 a minimum of Rs. 1,800. The employee's deduction cannot go below the employer's, but the employee can increase it if they want.
From India, Chennai
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From India, Chennai
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