As per updated EPF regulations, the compulsory 12% provident fund deduction applies only to a statutory wage limit of ₹15,000 per month. This results in a fixed mandatory contribution of ₹1,800, irrespective of an employee's actual basic pay. Any payments exceeding this ₹1,800 threshold are considered voluntary and can be modified or cancelled at any point. While companies have the option to match these additional voluntary contributions, they are not legally obligated to do so.
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