Dear Friends,
Can anyone advise me on the following issue:
We have about 800 employees working with us. All are now PF member and their salary is more than Rs.10,000/- per month.
Is it now possible for exemption under whose salary is more than Rs.6,500/-.
Regards,
From India, Mumbai
Can anyone advise me on the following issue:
We have about 800 employees working with us. All are now PF member and their salary is more than Rs.10,000/- per month.
Is it now possible for exemption under whose salary is more than Rs.6,500/-.
Regards,
From India, Mumbai
dear now you can not help in this regard.once you have made member he will continue to be a member of PF till he is in this organisation. for new commers you can exempt them. tks js malik
From India, Delhi
167From India, Delhi
Dear, U have to see, whether the employee was the member of PF with the previous employer, if he was the member of PF, take the declaration in From 11. Regards Vipin:icon1:
From India, New Delhi
From India, New Delhi
Hi,
As per Mr. Mallik said, its right, you can use to apply this rules for new comer employees.
secondly, you have mentioned that, employees' salary is more that, 10,000/- p.m. but, Is it basic or gross ?
If the employees' basic salary is more that 6500/- so, in that case this rule be applicable, but, If employees' gross salary is more 10,000/- & basic is below 6500/- P.m. so, you have consider of that particular employee as pf member.
Regards,
From India, Mumbai
As per Mr. Mallik said, its right, you can use to apply this rules for new comer employees.
secondly, you have mentioned that, employees' salary is more that, 10,000/- p.m. but, Is it basic or gross ?
If the employees' basic salary is more that 6500/- so, in that case this rule be applicable, but, If employees' gross salary is more 10,000/- & basic is below 6500/- P.m. so, you have consider of that particular employee as pf member.
Regards,
From India, Mumbai
Dear
Once you become member of PF, it is not possible to terminate the account even if you cross Rs. 6,500/- (Basic + DA) mark. If your account is closed then, there is no need to open a new account.
Similarly if a new employee joins your company, where previously he has not closed his account is liable to continue his account in the present company.
Kennedy Balaraman
From India, Coimbatore
Once you become member of PF, it is not possible to terminate the account even if you cross Rs. 6,500/- (Basic + DA) mark. If your account is closed then, there is no need to open a new account.
Similarly if a new employee joins your company, where previously he has not closed his account is liable to continue his account in the present company.
Kennedy Balaraman
From India, Coimbatore
Hi All, I require a help with the PF statements. What is the manner in which we can know that what is the available balance in the PF accounts for each of our employees. Thanks Richa
From India, Delhi
From India, Delhi
Dear Friend,
if the basic wages of employee is more than 6500, the employee exempted,
but if you pay his contribution during the mar2008 to feb2009 in any month, then you pay his contribution feb2009,
after the sumited the return of pf, exempt to employee in the month of march2009 and send to form 10 to the pf office with monthly return of the month of march2009, with his name and pf a/c no.,
after that membership of employee is finished,
thanks/regard
parvez
From India, Delhi
if the basic wages of employee is more than 6500, the employee exempted,
but if you pay his contribution during the mar2008 to feb2009 in any month, then you pay his contribution feb2009,
after the sumited the return of pf, exempt to employee in the month of march2009 and send to form 10 to the pf office with monthly return of the month of march2009, with his name and pf a/c no.,
after that membership of employee is finished,
thanks/regard
parvez
From India, Delhi
hi, can any guide me what a processor of cheak amount of pf slip what is a acctual amount two amount show of pf slip. Sandeep Sharma
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Benefits of retention of membership PF July 2017.pdf