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contribution to provident fund

(Querist) 09 March 2009 This query is : Resolved 
Dear Sir,

I read in one of the papers downloaded from our website, that salary ceiling for provident fund contribution is 6500/- per month. Is it correct.

Then can you explain, if a person earns 10,000 or 15000 per month, contribution to provident Fund by employer will be limited to 12% of Rs 6500/- only?

Please clarify
Saravanan
ysharma4u (Expert) 10 March 2009
Yes , as per the provision of PF and MP Act wage limit is 6500/- but there is no ceiling limit defined by the act , in other words PF deduction is applicable of Basic and DA and there is no ceiling limit for basic and DA.

Regards,
B.B.R.Goud. (Expert) 10 March 2009
yes, i do agree with my learned friend.
you can approach PF commissioner, for the details.
M. PIRAVI PERUMAL (Expert) 10 March 2009
I agree with my learned friends.
A. A. JOSE (Expert) 12 March 2009
Yes,l agree.


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