hi, I am working in a MNC RPO. In our organisation PF deduction is not there. I would like to know is there any different policy for MNC for PF Deduction. Regards, Manik
From India, Mumbai
From India, Mumbai
No there is no different policy for MNC even i am working in MNC n PF is deducted. Any company where there are 20>= employee PF is a must. Chitra
From India, Mumbai
24From India, Mumbai
Ya Chitra,
Dat's correct, whereever, 20 or more individuals are employed, PF deduction is mendatory upto a defined limit of Rs.6500/- (Basic + DA), wheteher it's MNC or any other National Industry.
Best Regards
Deepak Dwivedi
From China
Dat's correct, whereever, 20 or more individuals are employed, PF deduction is mendatory upto a defined limit of Rs.6500/- (Basic + DA), wheteher it's MNC or any other National Industry.
Best Regards
Deepak Dwivedi
From China
DEAR MANIKK,
As per provision of PF Act Every establishment which is factory engaged in any industry specified in Schedule 1 and in which 20 or more persons are employed.
Any other establishment employing 20 or more persons which Central Government may, by notification, specify in this behalf.
Any establishment employing even less than 20 persons can be covered voluntarily u/s 1(4) of the Act.
So there is no any provision for non compliance of PF in any establishment whether it is MNC or not.
Regards
Manjeet Singh
From India
As per provision of PF Act Every establishment which is factory engaged in any industry specified in Schedule 1 and in which 20 or more persons are employed.
Any other establishment employing 20 or more persons which Central Government may, by notification, specify in this behalf.
Any establishment employing even less than 20 persons can be covered voluntarily u/s 1(4) of the Act.
So there is no any provision for non compliance of PF in any establishment whether it is MNC or not.
Regards
Manjeet Singh
From India
Hi Manik,
As mentioned by other members, any establishment employing more that 20 employees, must get itself registered with RPFC.
It is a statutory requirement for every employer, which has been made mandatory with an objective to extend this benefit of EPF and EPS to all classes of workers. It gets deducted @ 12% (monthly) on sum of Basic, DA and Food allowanace, if any. An equal amount of contribution is also made by the employer towards it.
Any employee not getting this benefit (subject to headcount of 20 employees in the orgnanization) may go to the labour court and claim it from the employer. It is the right of an employee. Employers not abiding by the same are in for some serious trouble.
From India, Mumbai
As mentioned by other members, any establishment employing more that 20 employees, must get itself registered with RPFC.
It is a statutory requirement for every employer, which has been made mandatory with an objective to extend this benefit of EPF and EPS to all classes of workers. It gets deducted @ 12% (monthly) on sum of Basic, DA and Food allowanace, if any. An equal amount of contribution is also made by the employer towards it.
Any employee not getting this benefit (subject to headcount of 20 employees in the orgnanization) may go to the labour court and claim it from the employer. It is the right of an employee. Employers not abiding by the same are in for some serious trouble.
From India, Mumbai
Dear friends,
As per provision of PF Act Every establishment which is factory engaged in any industry specified in Schedule 1 and in which 20 or more persons are employed.
Any other establishment employing 20 or more persons which Central Government may, by notification, specify in this behalf.
Any establishment employing even less than 20 persons can be covered voluntarily u/s 1(4) of the Act.
As per provision of PF Act Every establishment which is factory engaged in any industry specified in Schedule 1 and in which 20 or more persons are employed.
Any other establishment employing 20 or more persons which Central Government may, by notification, specify in this behalf.
Any establishment employing even less than 20 persons can be covered voluntarily u/s 1(4) of the Act.
Dear friends,
As per provision of PF Act Every establishment which is factory engaged in any industry specified in Schedule 1 and in which 20 or more persons are employed.
Any other establishment employing 20 or more persons which Central Government may, by notification, specify in this behalf.
Any establishment employing even less than 20 persons can be covered voluntarily u/s 1(4) of the Act.
so, the if you geting yours basic salary more than 6500 than,company have own policy pf cut from yours salary or not.if company cut yours pf than ctc of of employee going high bc of employeer have to add his side pf contribution its 12% & admin charge a/c no2 & a/c no22.
As per provision of PF Act Every establishment which is factory engaged in any industry specified in Schedule 1 and in which 20 or more persons are employed.
Any other establishment employing 20 or more persons which Central Government may, by notification, specify in this behalf.
Any establishment employing even less than 20 persons can be covered voluntarily u/s 1(4) of the Act.
so, the if you geting yours basic salary more than 6500 than,company have own policy pf cut from yours salary or not.if company cut yours pf than ctc of of employee going high bc of employeer have to add his side pf contribution its 12% & admin charge a/c no2 & a/c no22.
mr, manik iwant to tell you regarding deduction of pf is follow as per epf act & misceniuce act as follw on other type for mnc ext. the limit of pf deduction is 6500 basic asper rules (but voluntaory cont. as per choice) is that clear?:lol:
From India, New Delhi
From India, New Delhi
Hi,
As per PF act
Employer contribution is 12 % on basic
Employee contribution is 12 % on basic
Basic sealing amount is Rs.6500.
My query is if employer is willing to pay his contibution of 12% on a employee who is drawing basic as Rs. 10000( ten thousand )
is it applicable or we have to restrict the deductin / contribution for sealing amount of Rs.6500.
Pl clarify
satheesh
From India, Madras
As per PF act
Employer contribution is 12 % on basic
Employee contribution is 12 % on basic
Basic sealing amount is Rs.6500.
My query is if employer is willing to pay his contibution of 12% on a employee who is drawing basic as Rs. 10000( ten thousand )
is it applicable or we have to restrict the deductin / contribution for sealing amount of Rs.6500.
Pl clarify
satheesh
From India, Madras
Hi
Yes PF deduction is must. But its up to company that they need to deduct PF or not.
But you should also consult the same with the PF consultant.
In this there is also the provision where the company is registered for PF but the PF amount is not getting deducted for employees it means NO PF DEDUCTION.
Because our company is also following the same rule. We are an software MNC with almost 50 employees, our company is register under PF act but no PF deduction.
So pls consult, may be rules or provision may vary from state to state.
From India, Delhi
Yes PF deduction is must. But its up to company that they need to deduct PF or not.
But you should also consult the same with the PF consultant.
In this there is also the provision where the company is registered for PF but the PF amount is not getting deducted for employees it means NO PF DEDUCTION.
Because our company is also following the same rule. We are an software MNC with almost 50 employees, our company is register under PF act but no PF deduction.
So pls consult, may be rules or provision may vary from state to state.
From India, Delhi
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PF WORKING-MASTER SUMMARY.xls