I am working with a manufacturing company as an HR executive. I have a doubt regarding PF. Earlier, my company was deducting PF on the full basic, i.e., if an employee has a basic salary of 10,000, the employee's share was 12%, which is 1,200, and similarly, the employer's share was 1,200 (12%) along with additional admin charges. However, the company has now introduced a new policy stating that they will no longer contribute their share based on the full basic salary as they previously did; instead, they will only contribute based on a basic salary of 6,500.
My doubt is, can we reduce the basic salary amount from 10,000 to 6,500 for those employees who are already contributing based on a basic salary of 10,000?
From India, Delhi
Acknowledge(0)
Amend(0)
2My doubt is, can we reduce the basic salary amount from 10,000 to 6,500 for those employees who are already contributing based on a basic salary of 10,000?
From India, Delhi
Acknowledge(0)Amend(0)
CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
SALARY with out PF Deduction.xls
Employer-PF-res trict to wages of Rs 6500.pdf