I was getting 7500 Rs.take home salary in my previous job. but there was no pf deduction sort of thing......Now i came to know that pf is deducted on a min of 6500 Rs. Can anybody explain this??? I am confused....
From India, Bharat
From India, Bharat
Mr.Mathur P
PF wage slab is Rs.6500
where PF wage includes: Basic+DA+RA
Example :
Actual salary say :7500 (fixed by company)
basic percentage 50% of actual salary or salary you received with OT or other allowances if may varies
then, Basic of your salary: (50/100)*7500= 3750
Now,
your PF wage:3750
Employee PF contribution rates: 12%
Employer PF contribution rate: 3.67%
Employer Pension contribution rate: 8.33%
Thus your(Employee) PF contribution rate only deducted from your PF wage 3750 which is (12/100)*3750=450
Please go through your Basic of salary and percentiles of PF of related rules of schedule industries/factories/establishment of you state rules of factories since percentage varies for sick industries, others too.
Regards
Kalyan
From India, Bangalore
1PF wage slab is Rs.6500
where PF wage includes: Basic+DA+RA
Example :
Actual salary say :7500 (fixed by company)
basic percentage 50% of actual salary or salary you received with OT or other allowances if may varies
then, Basic of your salary: (50/100)*7500= 3750
Now,
your PF wage:3750
Employee PF contribution rates: 12%
Employer PF contribution rate: 3.67%
Employer Pension contribution rate: 8.33%
Thus your(Employee) PF contribution rate only deducted from your PF wage 3750 which is (12/100)*3750=450
Please go through your Basic of salary and percentiles of PF of related rules of schedule industries/factories/establishment of you state rules of factories since percentage varies for sick industries, others too.
Regards
Kalyan
From India, Bangalore
Hello Kalyan... u hv told me the pf amount but they wr not deducting it. i was getting 7500 in hand. Hello Stephen, It was a big group with different branches. In my branch,thr wr at least 20 people.
From India, Bharat
From India, Bharat
Dear All,
i have started my career as HR Assistant but due to lack of functional knowledge i have again joined a Company as a Recruitment trainee. What should i do on this stage of my career.
What about to work at the some outsourcing form like addeco, Ikya, Manpower, Teamlease etc.
Regards
From India, Delhi
i have started my career as HR Assistant but due to lack of functional knowledge i have again joined a Company as a Recruitment trainee. What should i do on this stage of my career.
What about to work at the some outsourcing form like addeco, Ikya, Manpower, Teamlease etc.
Regards
From India, Delhi
Dear Ajeet kumar
well you haven't depicted your qualification. HR today has a very broad inner meaning as its consolidation grown vast rather than prior personnel management.To make a career in HR there is no shortcut or smart method, move your self from one step of its career to another.Please post your qualification and your areas of interest- Recruitment:Technical/IT;Non technical recruitment;
IR domains, welfare & admin domains i mean personnel aspect and T&D and HRD aspects. All we need in HR is to strong endurance and greater will this will give a lucrative career its a raw fact. well the HR forum is here to help each other.
Regards
Kalyan
From India, Bangalore
well you haven't depicted your qualification. HR today has a very broad inner meaning as its consolidation grown vast rather than prior personnel management.To make a career in HR there is no shortcut or smart method, move your self from one step of its career to another.Please post your qualification and your areas of interest- Recruitment:Technical/IT;Non technical recruitment;
IR domains, welfare & admin domains i mean personnel aspect and T&D and HRD aspects. All we need in HR is to strong endurance and greater will this will give a lucrative career its a raw fact. well the HR forum is here to help each other.
Regards
Kalyan
From India, Bangalore
Mr.Mathur P
You said in your previous job your take home salary is Rs.7500, now are you in the same place, same profession have you ever took your payslip; you said yours is a branch then it could be commercial establishment connected to HO/Factory since you haven't mentioned your company type . Mathur EPF regulations cannot effect a establishment which could be covered under prior 1996 or before shops & estd act registration as at the time of its registration its man power is less than 10 and not get itself registered to EPFO even after. all i can help in this is give details of your company related factory either seasonal or non seasonal and its related head office, shops- ware houses; establishments- Branches all these concerns since here we deal with Business Laws as well as Labour laws. Stay in touch .......
Regards
Kalyan
From India, Bangalore
You said in your previous job your take home salary is Rs.7500, now are you in the same place, same profession have you ever took your payslip; you said yours is a branch then it could be commercial establishment connected to HO/Factory since you haven't mentioned your company type . Mathur EPF regulations cannot effect a establishment which could be covered under prior 1996 or before shops & estd act registration as at the time of its registration its man power is less than 10 and not get itself registered to EPFO even after. all i can help in this is give details of your company related factory either seasonal or non seasonal and its related head office, shops- ware houses; establishments- Branches all these concerns since here we deal with Business Laws as well as Labour laws. Stay in touch .......
Regards
Kalyan
From India, Bangalore
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