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RE: [sap-hr] PF Contribution Rs

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Reply from ashokchanchlani on Sep 11 at 6:46 AM
Thanks JJ,

What I have understood is:

Earlier maximum Basic component limit was Rs. 6500/- for PF,
Now it is Rs. 15000/-


Thanks & Regards,

Ashok Chanchlani

---------------Original Message---------------
From: JJ
Sent: Thursday, September 11, 2014 6:24 AM
Subject: PF Contribution Rs

Hi Ashok,

15000 is not basic salary yaar. It is PF eligible pay(PFBAS).
Meaning , It is not 12 % on PF BASIS(15000) and it is 12 % on your basic
salary.

Thanks,
jj

 
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