Hi all,
As per the government, the employee PF contribution is 12% of Basic, and the employer PF contribution is 13.36%. The limit of employee PF contribution is currently 1800. Now, is the employer provident also 1800 or 2004?
Thank you.
From India, New Delhi
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As per the government, the employee PF contribution is 12% of Basic, and the employer PF contribution is 13.36%. The limit of employee PF contribution is currently 1800. Now, is the employer provident also 1800 or 2004?
Thank you.
From India, New Delhi
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Such companies calculate the total basic but do not consider the limit of Rs. 15,000 for PF deduction. The PF department is also not functioning in that case, and all types of payments are acceptable for contribution.
Lastly, in all acts, there is no definition of how much amount should be put in the basic rate. These companies profit from this situation and base all calculations on company policies.
From India, Mumbai
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Lastly, in all acts, there is no definition of how much amount should be put in the basic rate. These companies profit from this situation and base all calculations on company policies.
From India, Mumbai
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PF Calculation Sheet To The Subscribers At the Time Of Provident Fund Withdrawal.pdf
PF-Know Employees Provident Fund-CHART-L-4. doc