This question is related to employee provident fund
As we know that there is cap for PF contribution Salary is Rs 15000/- ( BASIC+DA+Conveyance+Medical+Special Pay) which is lesser, then EPF contribution is mandatory.
I need more clarification on below questions :
- But if it is more than the cap then is it mandatory or not ?
- If it is more than cap the employee can decide whether he can take up EPF contribution or not ?
- If the employee is 58 years + then EPF is applicable or not ?
Thanks in advance