Please clarify EPF and EPS deposit updated limits. Suppose the Basic Salary is 25,000/- and HRA and other allowances are Rs. 15,000/-. For PF at 12%, how much can be deducted and deposited?
The maximum deduction on the Basic Salary of 15,000/- (maximum limit) x 12% = 1,800/-. Alternatively, can the deduction be on the Basic Salary of 25,000/- x 12% = 3,000/-?
Thank you.
From India, Hyderabad
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1The maximum deduction on the Basic Salary of 15,000/- (maximum limit) x 12% = 1,800/-. Alternatively, can the deduction be on the Basic Salary of 25,000/- x 12% = 3,000/-?
Thank you.
From India, Hyderabad
Acknowledge(1)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.
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