Hi All,
I Have One Querry related to PF Deduction
1. If Employee Basic salary hit above Rs 6500 ,Like Rs 10000 but my querry is that PF deduction will be continue in what amount but I Denny to deduct my PF deduction , SO it will be possible that PF amount is deduct ?
regards
sanjay
From India, Pune
1I Have One Querry related to PF Deduction
1. If Employee Basic salary hit above Rs 6500 ,Like Rs 10000 but my querry is that PF deduction will be continue in what amount but I Denny to deduct my PF deduction , SO it will be possible that PF amount is deduct ?
regards
sanjay
From India, Pune
Dear Santanu,
The company is deducting PF contribution at the rate of 12% on Rs. 6500/-.
Company / employees are not bound to contribute towards PF over and above the limit of Rs. 6500/-. If an employee is getting wages above than Rs. 6500 per month, the PF will only be deducted on Rs. 6500/-.
Wages means Basic + Dearness Allowance + Retaining Allowance (if any)
Regards
From United States, Cincinnati
The company is deducting PF contribution at the rate of 12% on Rs. 6500/-.
Company / employees are not bound to contribute towards PF over and above the limit of Rs. 6500/-. If an employee is getting wages above than Rs. 6500 per month, the PF will only be deducted on Rs. 6500/-.
Wages means Basic + Dearness Allowance + Retaining Allowance (if any)
Regards
From United States, Cincinnati
Hai all
Can anybody let me know what will be the basic for 10,000 and 15,000 and also what will be the employer's and employees share on the same.
Please help me out with this as am new to this.
Regards
vignesh
From Ireland
Can anybody let me know what will be the basic for 10,000 and 15,000 and also what will be the employer's and employees share on the same.
Please help me out with this as am new to this.
Regards
vignesh
From Ireland
Hi,
I have one query about PF deductions...
One company is following Rs. 6500 basic for employees whose actual basic is equal or more than this limit. Company is treating Rs. 6500 as full month basic salary for those employees and depending on their working days they are calculating the PF deductions on the basis of Rs. 6500, even their actual basic salary exceeds the limit of Rs. 6500 with lesser working days.
E.g. if one employee's actual earning is Rs. 10000 in 10 days (30000 / month), and company is calculating 6500*10/30=Rs. 2167 for PF deduction.
Kindly suggest if this calculation is correct...
From India, Ghaziabad
I have one query about PF deductions...
One company is following Rs. 6500 basic for employees whose actual basic is equal or more than this limit. Company is treating Rs. 6500 as full month basic salary for those employees and depending on their working days they are calculating the PF deductions on the basis of Rs. 6500, even their actual basic salary exceeds the limit of Rs. 6500 with lesser working days.
E.g. if one employee's actual earning is Rs. 10000 in 10 days (30000 / month), and company is calculating 6500*10/30=Rs. 2167 for PF deduction.
Kindly suggest if this calculation is correct...
From India, Ghaziabad
Hi,
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Salahkaar Consultants' Client Development Team
From India, Pune
If anyone here is at all looking for a govt. supported certification in Compensation & Benefits by way of online or class room training, do get in touch with us.
Trainer is Global Comp & Ben head of world's top company.
Contact us here: Salahkaar Consultants - Human Resource Services
Or check certification details here: https://sites.google.com/a/salahkaar...-hr-training/t
Salahkaar Consultants' Client Development Team
From India, Pune
hi
I had a Query regarding PF
1. One employee is getting Rs.6500 Basic salary per month, we can calculate 12% PF from his basic.
2. another one getting Rs. 15000 Basic pm, we can consider PF for only RS.6500 or we can deduct any ceiling value for above Rs.6500
3. When we can using form 11
Thanks & Regards
Vinas Sekar
From India, Chennai
I had a Query regarding PF
1. One employee is getting Rs.6500 Basic salary per month, we can calculate 12% PF from his basic.
2. another one getting Rs. 15000 Basic pm, we can consider PF for only RS.6500 or we can deduct any ceiling value for above Rs.6500
3. When we can using form 11
Thanks & Regards
Vinas Sekar
From India, Chennai
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