Question on Provident Fund Deductions
It's a question for experts. My question is whether the Provident Fund (PF) we deduct from employees' salaries is fixed, say 12% of the basic salary, or if we have the flexibility to pay PF as we want. As far as I know, if PF is deducted up to 12% and a maximum of 650, all requirements are met.
It's a question for experts. My question is whether the Provident Fund (PF) we deduct from employees' salaries is fixed, say 12% of the basic salary, or if we have the flexibility to pay PF as we want. As far as I know, if PF is deducted up to 12% and a maximum of 650, all requirements are met.