shyamalkishoremisra
14

There is statutory ceiling by PF Deot that compulsary Maximum ceiling for PF calculation will be Rs 6500. ie an employer is liable to deposit PF contribution maximum to 12 % of 6500 beyond that an employer will have his discretion to contribute
Example
If Basic salary is 5000, PF - 5000*12 compulsory . here an employer cant exempt an employee inspite of his will
But if an employee's Basic salary is 8000, then employer can limit his contribution to 12% of 6500, and if employee wants, he can take exemption for PF
Further if an employer wants to pay at actual basic then there is no limit
Shyamal
I have read once that , there is a maximum limit for the PF Deduction .
Is that corrct ?
it says the maximum limit for pf deduction is 12% of 6500 .
please make me clarified .
Advance Thank you[/QUOTE]

From India, Mumbai
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