Hi All,
My company deducts Rs. 780/- as PF for employees who are drawing more than Rs. 6500/- as well. Is this a correct practice? Do you have anything in black and white that supports this?
Thanks,
M. Parmar
From India, Mumbai
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My company deducts Rs. 780/- as PF for employees who are drawing more than Rs. 6500/- as well. Is this a correct practice? Do you have anything in black and white that supports this?
Thanks,
M. Parmar
From India, Mumbai
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Dear M. Parmar,
The ceiling limit of salary for EPF is Rs. 6,500, i.e., the statutory obligation is only up to the ceiling limit. Beyond the ceiling, it is optional.
This is the case for those already registered with PF. Regarding a new employee whose salary is above the ceiling limit, the employer is not obliged (statutorily) to remit PF.
Abbas P. S.
From India, Bangalore
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530The ceiling limit of salary for EPF is Rs. 6,500, i.e., the statutory obligation is only up to the ceiling limit. Beyond the ceiling, it is optional.
This is the case for those already registered with PF. Regarding a new employee whose salary is above the ceiling limit, the employer is not obliged (statutorily) to remit PF.
Abbas P. S.
From India, Bangalore
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tell me about all holidays spell which provide to employee by the company &condition where is apply?
From India, Alwar
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From India, Alwar
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what is procudure to provide the holidays to the employee(el, pl cl, etc) &eligiblity condition for the employee to pursuade it?
From India, Alwar
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From India, Alwar
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how to calcute the provident fund in different condtition accounts as 1,2,10,21,22 what percentage assingin for particular account? is it necessary to cut tyhe pf of every employee?
From India, Alwar
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From India, Alwar
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My company deducting 780 per month as pf, please confirm as per law the company also should contribute 780 to my pf account and how I can get the deetails. Santhosh Kumar KP
From India, Madras
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From India, Madras
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hello sir thils is shaikshavali working as a hr excutive in care hospital.....sir what practice has been using in ur company is correct sir.....
From India, Hyderabad
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From India, Hyderabad
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Hello sir this shaikshavali working as a hr executive......sir the practice which is using in ur company is correct sir.....
From India, Hyderabad
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From India, Hyderabad
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Dear all, Actually in PF deduction the amount that is deducted from employee and the amount contributed by the company should be same. But how many companies are doing this?
From India, Hyderabad
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From India, Hyderabad
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Dear Sir,
As per the provisions of the Factories Act, 1948, every year, industries that fall under the definition of a factory are required to submit a list of holidays to the respective District Deputy/Assistant Director of Industrial Safety and Health in the month of December for the succeeding year.
This list includes National Holidays declared by the Union Government (i.e., Central Government) and some holidays declared by the State Government. Additionally, District Collectors have the authority to declare certain holidays. All these holidays are considered paid holidays. The list typically includes:
- 26th January - Republic Day
- 1st May - Maharashtra Day (applicable only for the state of Maharashtra)
- 15th August - Independence Day
- 1 day for Dashera
- 2 to 3 days for Deepawali
I hope this information is helpful to you.
Prashant
From India, Pune
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As per the provisions of the Factories Act, 1948, every year, industries that fall under the definition of a factory are required to submit a list of holidays to the respective District Deputy/Assistant Director of Industrial Safety and Health in the month of December for the succeeding year.
This list includes National Holidays declared by the Union Government (i.e., Central Government) and some holidays declared by the State Government. Additionally, District Collectors have the authority to declare certain holidays. All these holidays are considered paid holidays. The list typically includes:
- 26th January - Republic Day
- 1st May - Maharashtra Day (applicable only for the state of Maharashtra)
- 15th August - Independence Day
- 1 day for Dashera
- 2 to 3 days for Deepawali
I hope this information is helpful to you.
Prashant
From India, Pune
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