Hi, For employees earning Rs.6500 + as basic salary, it is voluntary. Otherwise mandatory. thanx, Sweety Singh
From India, Delhi
4From India, Delhi
i need clarification regarding PF if i am earning 7000Rs as basic means whether i will be covered under PF
it is mandatory to Deduct PF from my salary
or it is voluntary
if Basic Rs7000 means and i am not under PF means whether i am violating rule or not
is it good for concern i am working shall we show that also in salary account
From India, Pondicherry
it is mandatory to Deduct PF from my salary
or it is voluntary
if Basic Rs7000 means and i am not under PF means whether i am violating rule or not
is it good for concern i am working shall we show that also in salary account
From India, Pondicherry
Dear Mr Kumar PF is not compulsory, if basic is above Rs. 6.5 k. They are coming under exempted category. The company is liable to extend PF only up to Rs. 6.5 k. Regards A Natarajan
From India, Madras
From India, Madras
dear mehul, The standard deduction in pf remain the same 12% is there hike in salary or not. Regards, Ashish
Onroll employees and contratual employees,employees from outsource agency or employees based on voucher payment.Pls note we have a very new setup.
right now we have total 24 Employees out which 3 are Japanese,3 are drivers and officeboy and 2 are retainer.
Hope this will help you to suggest.
Regards
Garima
From Japan
right now we have total 24 Employees out which 3 are Japanese,3 are drivers and officeboy and 2 are retainer.
Hope this will help you to suggest.
Regards
Garima
From Japan
ASs per PF act irrespective of number of employyes in a company an employee drawing a basic salary exceeding Rs6500/- are excluded from the provisions under section 2(f). Companies can volantarily cover him or leave him the option at the time of joining. Once he becomes member of PF and later his basic pay exceeds Rs6500/- he will have to continue under PF cover. We follw this policy in our company as pay scales are worked CTC basis.
From India, Mumbai
From India, Mumbai
12% remains the same. Suppose if employee wishes to contribute more than 12%, he has to inform the HR Department and that percentage again should not exceed 12%. I hope you got it. Any confustion please feel free to reply
Hi may i know how it will be, The extra 12% on basic or any other salary structure for that.
Regards
Vijay
From India, Hyderabad
Hi may i know how it will be, The extra 12% on basic or any other salary structure for that.
Regards
Vijay
From India, Hyderabad
Hi,
If there are total 20 employees. 15 employees basic is more then 6500/- and they don't what to opt for PF deduction & 5 are below 6500. than is it necessary and mandatory to take PF no. for these 5 employees or the total nos of employee is 20 or 5 .
Please advice.
Thanks,
Uttama
From India, Mumbai
If there are total 20 employees. 15 employees basic is more then 6500/- and they don't what to opt for PF deduction & 5 are below 6500. than is it necessary and mandatory to take PF no. for these 5 employees or the total nos of employee is 20 or 5 .
Please advice.
Thanks,
Uttama
From India, Mumbai
Dear Mehul
The standard rate of Cont.(12%) does not change with the hike in salry whereas the sum of contribution will hike on the new rates whwreas u can Block The deductons only up to 6500/- whatever the basic of an employee may be but that has to be a part of uniform policy of the organisation.
on the other part an individual can pay his contribution on higher rate than 12 % on a special request to HR department but the employer cont. will stick to 12% only.
Thanks,
Rahul
From India, Delhi
The standard rate of Cont.(12%) does not change with the hike in salry whereas the sum of contribution will hike on the new rates whwreas u can Block The deductons only up to 6500/- whatever the basic of an employee may be but that has to be a part of uniform policy of the organisation.
on the other part an individual can pay his contribution on higher rate than 12 % on a special request to HR department but the employer cont. will stick to 12% only.
Thanks,
Rahul
From India, Delhi
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Compulsory Detailes PF withdrawal Form.xls
HC All - Trainees not covered for PF -2010.pdf