Hi,
I came to know on this forum the method of withdrawing the PF amount.
But i was told by some one that if you withdraw your Pf after 2 years of service as in my case you will not get the complete amount of pf.
Is that true, if yes then please tell me hw much percentage i would get of my total pf
thanks,
nikhil jain
From India, Hyderabad
I came to know on this forum the method of withdrawing the PF amount.
But i was told by some one that if you withdraw your Pf after 2 years of service as in my case you will not get the complete amount of pf.
Is that true, if yes then please tell me hw much percentage i would get of my total pf
thanks,
nikhil jain
From India, Hyderabad
dear
basically empoyer share of PF is 12 % out of which 8.33% deposited in pension and 3.67% deposited in PF.12% employee share goes to PF,so total share of PF is 15.67% and pension is 8.33%.
now if u leave organisation within 6 month than u will not get 8.33% ie pension amount.as u are leaving after 2 years of contribution u will get full share with intrest.
tks
j s malik
From India, Delhi
167basically empoyer share of PF is 12 % out of which 8.33% deposited in pension and 3.67% deposited in PF.12% employee share goes to PF,so total share of PF is 15.67% and pension is 8.33%.
now if u leave organisation within 6 month than u will not get 8.33% ie pension amount.as u are leaving after 2 years of contribution u will get full share with intrest.
tks
j s malik
From India, Delhi
Dear Nikhil,
As per my knowledge, If your basic pay is more than 6500 /- p.m. So, employer can stop the PF deduction of employees & employer contribution.
For more information, please contact to any senior person, who is specialize in statutory compliance & labour laws.
thanks
Tushar swar.
From India, Mumbai
As per my knowledge, If your basic pay is more than 6500 /- p.m. So, employer can stop the PF deduction of employees & employer contribution.
For more information, please contact to any senior person, who is specialize in statutory compliance & labour laws.
thanks
Tushar swar.
From India, Mumbai
Mallikjee please tell one thinks to me if on employees have basic 6500/ his pf deducted from his basic salary, in one organisation after six months his basic salary increased,
The question come he is now exampted till now employer deducted pf compulsory or not
From India, Calcutta
The question come he is now exampted till now employer deducted pf compulsory or not
From India, Calcutta
Dear,
If PF deduction is 780/- it means basic is 6500/-.
Employee contribution for PF = 780/-
Employer contribution for PF = 239/- (12% of salary for PF less 8.33% of pesionable salary)
Employer contribution for EPS = 541/-
Senior pls suggest if i am wrong.
Thanks
Mahender Singh
From India, Faridabad
If PF deduction is 780/- it means basic is 6500/-.
Employee contribution for PF = 780/-
Employer contribution for PF = 239/- (12% of salary for PF less 8.33% of pesionable salary)
Employer contribution for EPS = 541/-
Senior pls suggest if i am wrong.
Thanks
Mahender Singh
From India, Faridabad
PF Calculation = Basic Pay + DA = Rs.6500/- if it is more then this amount also the employer should follow the following formula =IF(A1>=6500,(780),IF(A1<=6500,A1x12%)) A1 indicates = Basic Pay + DA
From India, Hyderabad
From India, Hyderabad
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