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

AI Summary

Inquiry on Provident Fund Deduction Rate: Is it Based on Basic Salary or Combined Payments? An individual inquired about the rate of Provident Fund (PF) deduction and whether it is based on the basic salary, questioning if employers can fulfill basic salary requirements through other payments. Two respondents addressed the query. The first respondent asked for clarification on whether the information sought pertains to Income Tax or labor laws. The second respondent emphasized the need for more detailed context and facts to facilitate a meaningful discussion, suggesting that providing basic information would lead to more informed responses from participants in the forum.