Rate of PF deduction - Deduction on basic salary

[CHANDRASEKHAR Akula]

what is the rate of PF deduction. Is is the deduction on Basic salary. Can the employer pay any other amounts huge fulfilling basic salary as per the norms

[Rama Krishana]

The purpose of your query is not clear. Do you want to get the information as per Income Tax provisions or as per labour laws?

[DEV KUMAR KOTHARI]

Come with full facts, and purpose or context in whi8ch you have raised the query. Do the home work first, then discuss. This column of TaxTMI - Home is to initiate discussion and ascertain various possible views to further the object of learning and sharing knowledge and to clear doubts. The issue placed should include some basic information about the subject matter so that readers can at least have some idea about the issue, problem,related provisions and off course the views of the initiator of the issue. This will be helpful in getting better response from learned readers. In absence of the same, the readers cannot be serious about the issue and willing to spare time to merely provide information and solutions. This is my personal view.

AI Summary

Rate of PF deduction: clarification sought on whether PF is calculated on basic salary under labour or tax law. Query asks whether the rate of Provident Fund deduction applies to basic salary and whether an employer may restructure pay to alter the basic-salary base for PF. Replies seek clarification of the applicable legal regime-labour law versus tax law-and request full factual detail so compliance requirements and the permissibility of salary-structuring can be properly assessed.