Can anybody tell me about compulsory deduction of PF amount whihc was earlier Rs.6500/-. Is there any change in this limit.
From India, Delhi
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From India, Delhi
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Please let me know if the basic is more than 6500/-, will P.F be deducted?
Can we deduct more than 12% from an employee (if the employee wishes to do so) and up to how much maximum percentage can we deduct?
Waiting for responses from seniors.
Regards,
Sree
From India, Hyderabad
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Can we deduct more than 12% from an employee (if the employee wishes to do so) and up to how much maximum percentage can we deduct?
Waiting for responses from seniors.
Regards,
Sree
From India, Hyderabad
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Please let me know if the basic is more than 6500/-, will P.F. be deducted?
Can we deduct more than 12% from an employee (if the employee wishes to do so) and up to how much maximum percentage can we deduct?
Waiting for responses from seniors.
Regards,
Sree
From India, Hyderabad
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Can we deduct more than 12% from an employee (if the employee wishes to do so) and up to how much maximum percentage can we deduct?
Waiting for responses from seniors.
Regards,
Sree
From India, Hyderabad
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Hi Niranjan, PT is deducting on total gross pay, that amount also added if u sanctioned leave. Sandhya K
From India, Hyderabad
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From India, Hyderabad
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Dear All,
There is no ceiling on salary for PF deduction. It is not mandatory by law to deduct the PF contribution on salaries/wages above Rs. 6500. The employee may deduct their own contribution voluntarily, but if the employer desires, they can restrict their share up to the salary/wages limit of Rs. 6500.
Regards,
Ajay Shukla
Labour Laws Consultant, Kanpur
Email: ajaywshukla@rediffmail.com
Phone: 09839066035
From India, Calcutta
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6There is no ceiling on salary for PF deduction. It is not mandatory by law to deduct the PF contribution on salaries/wages above Rs. 6500. The employee may deduct their own contribution voluntarily, but if the employer desires, they can restrict their share up to the salary/wages limit of Rs. 6500.
Regards,
Ajay Shukla
Labour Laws Consultant, Kanpur
Email: ajaywshukla@rediffmail.com
Phone: 09839066035
From India, Calcutta
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Hi You can deduct more than 12 % from employee if the employee is wishing to do so , however employer will not contribute any thing. RK
From United States, Bentonville
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From United States, Bentonville
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Dear All,
There is no ceiling for salary for PF deduction. It is not mandatory by law to deduct the PF contribution on salaries/wages above Rs. 6500. The employee may deduct their contribution voluntarily, but if the employer wishes, they can restrict their share up to the salary/wage limit of Rs. 6500.
Regards,
Ajay Shukla
Labour Laws Consultant, Kanpur
Email: ajaywshukla@rediffmail.com
Phone: 09839066035
In addition, the employee's PF contribution can be a maximum of up to 20% of their basic salary (by providing a written declaration to their current employer), but the employer's contribution is mandatory up to 12% of the employee's basic salary.
Thanks & Regards,
AK Sharma
From India, Pune
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There is no ceiling for salary for PF deduction. It is not mandatory by law to deduct the PF contribution on salaries/wages above Rs. 6500. The employee may deduct their contribution voluntarily, but if the employer wishes, they can restrict their share up to the salary/wage limit of Rs. 6500.
Regards,
Ajay Shukla
Labour Laws Consultant, Kanpur
Email: ajaywshukla@rediffmail.com
Phone: 09839066035
In addition, the employee's PF contribution can be a maximum of up to 20% of their basic salary (by providing a written declaration to their current employer), but the employer's contribution is mandatory up to 12% of the employee's basic salary.
Thanks & Regards,
AK Sharma
From India, Pune
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As per the Employees' Provident Fund Scheme, the coverage is for employees whose salary (basic + DA) or consolidated pay is up to Rs. 6,500/- per month. An employee can request voluntary contributions for which no contributory benefit from the employer is permitted. However, the organization can include/cover employees earning more than Rs. 6,500/- if they have a policy in place with an equal percentage of contribution.
From India, Kochi
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From India, Kochi
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