The Frequently Asked Questions on Amerindic PF Account

Q1) What is the Contribution for Provident Fund both by the Employer & Employee ?

Ans : The Employee contributes 12% of his /her Basic Salary & the aforementioned turn is contributed by the Employer.

Q2) Is it Compulsory for the every the employees to advance to the Provident Fund ?

Ans : Employees art base salary upto Rs 6500/- hit to obligatory advance to the Provident money and employees art above Rs 6501/- hit an choice to embellish member of the Provident Fund .

Q3) Is it advantageous for employees who entertainer salary above Rs 6501/- to embellish member of Provident Fund ?

Ans Yes because thrifty money effort by the employer & employee is not a dutiable income for Income Tax purpose.

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