E.P.F Deduction

hussain (Querist) 12 January 2011 This query is : Resolved
Sir,
I want to know that in the case of company E.P.F deduction upto which amount should be deducted.Example

Company Director is drawing salary Rs :- 100000/= and Basic salary is more than 6500/= in this type of pay E.P.F deduction is applicable or not please help me.

Thanking You

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H.M.Patnaik (Expert) 14 January 2011
the statutory deduction towards employees' share of EPF is limited to 12% of Basic pay & D.A. and limited to a qualifying amt.of Rs.6500/- i.e. Rs.780/-in the instant case but option can be excercised by the Employee concerned to make voluntary cont'bn towards EPF in excess of the statutory limit.

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