I just want to ask if anybody has any clarification regarding the statement made by our FM. She mentioned a 3-month relief for both employers and employees, with the amount to be deposited by the government only. From her speech, she mentioned "UPCOMING THREE MONTHS," so my questions are:
1. What are those upcoming 3 months? March, April, May or April, May, June?
2. After that speech, I didn't see any circular from EPFO related to this topic regarding what employers need to do - whether they have to deposit the challan or not, or what procedure we have to adopt for the relaxation provided?
My company is fulfilling all the requirements as stated by the FM - that 90% of the employees should earn less than INR 15,000 and the total number of employees should be less than 100.
Please provide a response as I need to adjust salaries accordingly.
Suggestions are needed urgently.
Thank you.
From India, Kanpur
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61. What are those upcoming 3 months? March, April, May or April, May, June?
2. After that speech, I didn't see any circular from EPFO related to this topic regarding what employers need to do - whether they have to deposit the challan or not, or what procedure we have to adopt for the relaxation provided?
My company is fulfilling all the requirements as stated by the FM - that 90% of the employees should earn less than INR 15,000 and the total number of employees should be less than 100.
Please provide a response as I need to adjust salaries accordingly.
Suggestions are needed urgently.
Thank you.
From India, Kanpur
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Dear Yes , If your organization comes in above all criteria than you have to make the salary accordingly .
From India, Indore
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From India, Indore
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Please wait for the circular from EPFO to come. The Finance Minister can announce anything, but the implementation side, which is more difficult, is to be taken care of by the respective Govt department, in this case, EPFO.
There are a lot of companies that contribute PF on salary without considering the ceiling of Rs. 15,000. In that case, the contribution payable by the employee and employer will be a huge amount. Will the government bear this amount? If YES, why should the government bear it?
From India, Kannur
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There are a lot of companies that contribute PF on salary without considering the ceiling of Rs. 15,000. In that case, the contribution payable by the employee and employer will be a huge amount. Will the government bear this amount? If YES, why should the government bear it?
From India, Kannur
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Thank you, ma'am.
But we can't wait that much because my employees are asking for salary and I don't know if I should deduct PF from their salary or not. Do we have to make a challan or not? Nothing has been cleared yet; they say pay the salary as soon as possible.
From India, Kanpur
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But we can't wait that much because my employees are asking for salary and I don't know if I should deduct PF from their salary or not. Do we have to make a challan or not? Nothing has been cleared yet; they say pay the salary as soon as possible.
From India, Kanpur
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I have received the following mail from EPFO office:
Dear Employer,
Govt of India will pay the contribution of both the employer and the employee (12% each) for the next three months if your establishment has up to 100 employees and 90% of them earn less than Rs. 15,000/- per month. This initiative will benefit you financially and also help in maintaining continuity of employees on your payroll. Please ensure the timely payment of salaries to all employees and filing of ECR to avail this facility.
With Regards,
EPFO, BHUBANESWAR
If you have not received any communication from the EPFO office, you can deduct the employee's contribution and later refund the contribution to the respective employee if you choose to take advantage of this benefit.
From India, Bhubaneswar
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Dear Employer,
Govt of India will pay the contribution of both the employer and the employee (12% each) for the next three months if your establishment has up to 100 employees and 90% of them earn less than Rs. 15,000/- per month. This initiative will benefit you financially and also help in maintaining continuity of employees on your payroll. Please ensure the timely payment of salaries to all employees and filing of ECR to avail this facility.
With Regards,
EPFO, BHUBANESWAR
If you have not received any communication from the EPFO office, you can deduct the employee's contribution and later refund the contribution to the respective employee if you choose to take advantage of this benefit.
From India, Bhubaneswar
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Thank you, sir. I haven't received any mail like this yet, so I just processed the salary and deducted the PF.
I would like to know when you file the ECR, does it show "NIL" or "1% Admin Charges" when you confirm the challan?
From India, Kanpur
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I would like to know when you file the ECR, does it show "NIL" or "1% Admin Charges" when you confirm the challan?
From India, Kanpur
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The attached circular from EPFO is self explanatory. Please go through it.
From India, Bhubaneswar
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From India, Bhubaneswar
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1. What are those upcoming 3 months? March, April, May or April, May, June? It is for the period March, April & May 2020.
2. After that speech, I didn't see any circular from EPFO related to this topic regarding what has to be done by employers – whether they have to deposit the challan or not, or what procedure we have to adopt for the relaxation provided? Circular attached herewith. Detailed guidelines. The ECR has to be filled by you. Please go through the detailed guidelines attached herewith.
Regards
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2. After that speech, I didn't see any circular from EPFO related to this topic regarding what has to be done by employers – whether they have to deposit the challan or not, or what procedure we have to adopt for the relaxation provided? Circular attached herewith. Detailed guidelines. The ECR has to be filled by you. Please go through the detailed guidelines attached herewith.
Regards
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Only PF contribution of employee & employer share paying by govt but what about ESIC Contribution ?
From India, Pune
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From India, Pune
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