Dear All, What is the liability of employer on PF. Can employer contribute its share of PF of 6500/- or at actual basis, do we have any rule in pf law. Please reply its urgent Regards Vishal Setia
From India, Faridabad
2From India, Faridabad
As per PF rules, both employer and employee should each contribute 12% of basic salary towards PF share.
Salary could be restricted to Rs.6,500/-. However, this should be made applicable to all the employees.
From India, Mumbai
Salary could be restricted to Rs.6,500/-. However, this should be made applicable to all the employees.
From India, Mumbai
Dear Vishal,
Greetings for the day,
First of all you must aware of the fact that the component for deduction of EPF accumulation is done on Basic salary+dearness allowance+food conc.(if any), secondly basic salary should not be less than the minimum wages defined by state time to time, thirdly membership for EPF/EPS accumulation is mandatory for the salary range upto Rs. 6500/- (includes basic+da+food conc.), fourtly once you become the member of EPF/EPS you can't be excluded during your continueity in service until your basic salary exceed from Rs. 6500/-, sixthly Rs. 6500/- is cealing for EPS & EDLI not for EPF, sevently if employer wish to pay the contribution on actual basic then it is well & good until he must have to pay upto Rs. 6500/-, and all the administrative charges must be paid by employer.
Thanks & Regards,
From,
Sumit Kumar Saxena,
+91-9899669071
From India, Ghaziabad
Greetings for the day,
First of all you must aware of the fact that the component for deduction of EPF accumulation is done on Basic salary+dearness allowance+food conc.(if any), secondly basic salary should not be less than the minimum wages defined by state time to time, thirdly membership for EPF/EPS accumulation is mandatory for the salary range upto Rs. 6500/- (includes basic+da+food conc.), fourtly once you become the member of EPF/EPS you can't be excluded during your continueity in service until your basic salary exceed from Rs. 6500/-, sixthly Rs. 6500/- is cealing for EPS & EDLI not for EPF, sevently if employer wish to pay the contribution on actual basic then it is well & good until he must have to pay upto Rs. 6500/-, and all the administrative charges must be paid by employer.
Thanks & Regards,
From,
Sumit Kumar Saxena,
+91-9899669071
From India, Ghaziabad
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Employer-PF-res trict to wages of Rs 6500.pdf