Your HM could deduct PF from March,15. But he did not deduct, it may wrong. But there will be no trouble in future. You can not able to deposit your P.F. at any time of the year. Is is a good process to deposit in the beginning of a F.Y., and there is no limit. You can deduct up to 3/4 of your Basic. Now, from Salary of March’16 you may deduct the amount of your choice, but not less than 6 % of B.P. You just inform your HM by written mentioning the amount which you wanted to deposit as P.F. Deduct as multiplication of Rs. 500. i.e. 500/-, 1000/-, 1500/-, 3000/- 5000/-,( round figure)as you like.
Thanks a lot.
Is it mandatory to deduct in multiples of Rs 500/-