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
From India, Pune
PF rate is same for all employees. It is 12 percent of the salary. Salary which qualifies to PF contribution means gross salary excluding compensatory allowances like house rent and incentives the payment of which will depend solely on certain conditions. It may be limited to a salary of Rs 15000. But there is no compulsion that PF should be deducted and or contributed on that amount only. It can exceed Rs 15000 also.
From India, Kannur
4193From India, Kannur
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HC All - Trainees not covered for PF -2010.pdf
PF Ledger.xls