What is the rule of EPF deduction if salary (basic+DA) is above Rs.6500.
Want to know about the EPF deduction if the salary is above Rs. 6500? Learn more about Employees Provident Fund (EPF) deduction rules here.
If an organizaton is a member of the Employees Provident Fund Organisation (EPFO) and a new employee joins this organisation whose salary (basic+DA) is above Rs.6500. Is the PF deduction from this members salary @12% of basic+DA is mandatory or optional. Can the management force such an employee to contribute to the epf? If not, what are the provisions under the law. Can such an employee refuse contribution or he has to compulsorily contribute to the epf. In case it is mandatory, then what is the maximum salary to be taken into account for deducting his epf. If his salary is fixed at Rs.25000 (basic+DA), has he to compulsorily pay Rs.3000 per month as epf calculated at the rate of 12% of salary. In this case, what will the contribution of the employer?