Could someone please address my query below? If, in any case, the employee's basic salary is more than Rs 6,500/-, does the employee contribution apply to the actual basic salary (which is higher than Rs 6,500/-)? Can the company contribute only up to Rs 6,500/-?
Regards,
Rajesh
From India, Madras
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Regards,
Rajesh
From India, Madras
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Hi Rajesh Yes Employer and Employee can contribute PF on 6500/- Please go through the attachment. I hope it will be helpful to you. Regards Rajni.
From India, Rajkot
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From India, Rajkot
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Dear Rajni, Thank you for your response. In my case, we want to deduct on actual from the employee, and the employer can only contribute Rs 6,500/-. Is this possible?
Example Scenario:
Employee basic - Rs 8,000/-
Employee contribution - Rs 960/-
Employer contribution - Rs 780/-
Balance (Rs 180/-) - can we pay this in take-home salary?
Secondly, is there any possibility to suddenly bring the contribution into the ceiling amount of Rs 6,500/-? Both the employee and employer have been contributing on the entire actual amount (which is more than Rs 6,500) for the past 10 years.
Please note: If you have any related documents or court verdicts, please share them with me.
Regards,
Rajesh
From India, Madras
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Example Scenario:
Employee basic - Rs 8,000/-
Employee contribution - Rs 960/-
Employer contribution - Rs 780/-
Balance (Rs 180/-) - can we pay this in take-home salary?
Secondly, is there any possibility to suddenly bring the contribution into the ceiling amount of Rs 6,500/-? Both the employee and employer have been contributing on the entire actual amount (which is more than Rs 6,500) for the past 10 years.
Please note: If you have any related documents or court verdicts, please share them with me.
Regards,
Rajesh
From India, Madras
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I want to know why your organization wants to do such things. Instead of deducting from the actual amount, which is ₹8,000 with a PF amount of ₹960, deduct it from the amount ₹6,500 with a PF amount of ₹780, and let the employer contribute the same. The amount ₹180, which is the difference, will anyway get added to the take-home amount. Hope you understand what I mean. Please do reply.
Regards,
Rajni.
From India, Rajkot
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Regards,
Rajni.
From India, Rajkot
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Employer-PF-res trict to wages of Rs 6500.pdf
Employee Benefits.doc