Advantages of 5s HR, HR Budget HR Punch Line 3 R HR Retention Strategy - HR Letter Format.
From India, Chandigarh
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140From India, Chandigarh
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Hi to all users,
This is Amar from Hyderabad. Please help me with this query regarding PF:
1) I am aware that the PF contribution of the employer is 12% on basic + DA. But if an employee's basic + DA exceeds 6500, what would be the contribution of PF from the employer's side?
2) I've heard that in some software companies, some employees won't contribute to PF. Is it possible? If so, why?
3) If an employee's contribution of work is not more than 10 years, is he eligible to attain PF?
Please give me a reply if anyone knows.
From India, Hyderabad
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This is Amar from Hyderabad. Please help me with this query regarding PF:
1) I am aware that the PF contribution of the employer is 12% on basic + DA. But if an employee's basic + DA exceeds 6500, what would be the contribution of PF from the employer's side?
2) I've heard that in some software companies, some employees won't contribute to PF. Is it possible? If so, why?
3) If an employee's contribution of work is not more than 10 years, is he eligible to attain PF?
Please give me a reply if anyone knows.
From India, Hyderabad
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Dear Amar,
I would like to bring to your kind attention that if an employee has basic pay + DA totaling more than 6500, the PF contribution from the employer's side would be calculated based on 6500.
On your query about some software companies not deducting PF from employees, I want to clarify that when an employee newly joins an organization and is offered a basic pay and DA exceeding 6500 per month, legally, the employee is not obligated to have the PF amount deducted. It depends on the employee's consent when they begin with a basic pay and DA exceeding 6500 per month.
If an employee's contribution is less than 10 years, they will receive 12% of the employee's share + interest, company 3.67% + interest, and company 8.33%. However, for this, the employee has to resign from their duties. After completing 10 years of service, the company's 8.33% contribution will go into the employee's pension fund.
Regarding the questions posted by santoshamar:
1) I am aware that the PF contribution of the employer is 12% on basic pay + DA. However, if an employee's basic pay + DA exceeds 6500, what would be the employer's contribution to PF?
2) I have heard that in some software companies, some employees do not contribute to PF. Is this possible, and if so, why?
3) If an employee's duration of work is not more than 10 years, are they eligible to receive PF benefits?
Please provide a reply if anyone has the information.
From India, Chandigarh
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I would like to bring to your kind attention that if an employee has basic pay + DA totaling more than 6500, the PF contribution from the employer's side would be calculated based on 6500.
On your query about some software companies not deducting PF from employees, I want to clarify that when an employee newly joins an organization and is offered a basic pay and DA exceeding 6500 per month, legally, the employee is not obligated to have the PF amount deducted. It depends on the employee's consent when they begin with a basic pay and DA exceeding 6500 per month.
If an employee's contribution is less than 10 years, they will receive 12% of the employee's share + interest, company 3.67% + interest, and company 8.33%. However, for this, the employee has to resign from their duties. After completing 10 years of service, the company's 8.33% contribution will go into the employee's pension fund.
Regarding the questions posted by santoshamar:
1) I am aware that the PF contribution of the employer is 12% on basic pay + DA. However, if an employee's basic pay + DA exceeds 6500, what would be the employer's contribution to PF?
2) I have heard that in some software companies, some employees do not contribute to PF. Is this possible, and if so, why?
3) If an employee's duration of work is not more than 10 years, are they eligible to receive PF benefits?
Please provide a reply if anyone has the information.
From India, Chandigarh
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I m sending 5-S in English..........find the attachment............
From India, Indore
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From India, Indore
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Dear Mr.Vikas... 5 S are really great to help very junior level assistant staff in regional language. Good Job... Gunjan A.M HR North Zone. 9312323058
From India, Bangalore
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From India, Bangalore
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The “Strategic HR Summit” will highlight the current challenges, opportunities, technologies, strategies & future trends for HR executives through visionary keynote presentations and panel discussions by most esteemed peers and thought leaders to enhance departmental efficiencies and drive corporate growth.
We have early bird offer for early entries...
this is third HR summit in (First time in)chennai.if you nominate peoples along with you it would be great.. .
Topics are:
Engaging Gen Y - Leadership and Organisation Culture,
Innovation in performance management,
Talent management in changing times,
How to maximize the potential of your workforce.
it is full day event..
for detail and to occupy seats mail to gowthamgokul at siliconindia dot com
Attribution: #ixzz21bzyq080
From India, Bangalore
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We have early bird offer for early entries...
this is third HR summit in (First time in)chennai.if you nominate peoples along with you it would be great.. .
Topics are:
Engaging Gen Y - Leadership and Organisation Culture,
Innovation in performance management,
Talent management in changing times,
How to maximize the potential of your workforce.
it is full day event..
for detail and to occupy seats mail to gowthamgokul at siliconindia dot com
Attribution: #ixzz21bzyq080
From India, Bangalore
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sop performance appraisal sop performance appraisal sop performance appraisal
From India, New Delhi
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From India, New Delhi
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(Fact Checked)-The employer's PF contribution remains 12% on basic + DA for all eligible employees, regardless of their salary exceeding Rs. 6,500. All employees in India are required to contribute to PF, including those in software companies. An employee is eligible to withdraw PF after 10 years of service. Thank you for your questions. (1 Acknowledge point)