Dear Shantanu,
As per act, Basic limit is 6500/- so act can't force to employer that he will deduct the PF on your actual basic (if basic is more then 6500/-Rs.) so employer is doing the minimum complaince as per act.
Regards
Rahul Singh Rathour
Assistant manager - HR
From India
As per act, Basic limit is 6500/- so act can't force to employer that he will deduct the PF on your actual basic (if basic is more then 6500/-Rs.) so employer is doing the minimum complaince as per act.
Regards
Rahul Singh Rathour
Assistant manager - HR
From India
As per EPF Act 1952 the maximum ceiling of basic wages i.e., Basic + DA is Rs. 6500/-, @ 12% of Employee & 12% of Employer share( 8.33% for Pension fund and 3.67% to our share).
for the Rest or balance Basic + DA, the option is left with the employer for deduction / pay PF. Even then the pension fund would be on Rs. 6500/- @ 8.33% i.e., Rs. 541/-
As per act nothing wrong in it.
Regards
From India, Hyderabad
15for the Rest or balance Basic + DA, the option is left with the employer for deduction / pay PF. Even then the pension fund would be on Rs. 6500/- @ 8.33% i.e., Rs. 541/-
As per act nothing wrong in it.
Regards
From India, Hyderabad
Dear sir,
notice period for an executive most of the comanies they are puting 3 months or 90 days. if you want to leave the organisation you have to work for 3 months or you have to pay salary inleiu there off. ie 3 months basic plus DA if any. if you are getting leave encashment on other allowances also, then you have to pay notice period also on allowances
yvrao
From India, Mumbai
notice period for an executive most of the comanies they are puting 3 months or 90 days. if you want to leave the organisation you have to work for 3 months or you have to pay salary inleiu there off. ie 3 months basic plus DA if any. if you are getting leave encashment on other allowances also, then you have to pay notice period also on allowances
yvrao
From India, Mumbai
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.
SALARY with out PF Deduction.xls
PF deduction on leave encashment.doc