Dear all, A simple way to know the Provident Fund in the attached document please go through. Regards, PBS KUMAR
From India, Kakinada
590From India, Kakinada
Dear Mr.PBS Kumar While i was doing college if i get those notes really i am blessed any how it is useful for fresher to understand easily Done a great job.. Thanks and warm regards varsha
From India, Coimbatore
From India, Coimbatore
Dear PBS
in ur attechment u have to edit the 2nd rules of PF, in this u wrot that pf is applicable on exceeding on 6500 bt actual rules is, it is optional to deduct pf on 6500 nd above it nd under 6500 its' complsort to deduct.....
REGARDS:
HIMANSHU SUTHAR (PF CONSULTANT)
From India, Ahmadabad
in ur attechment u have to edit the 2nd rules of PF, in this u wrot that pf is applicable on exceeding on 6500 bt actual rules is, it is optional to deduct pf on 6500 nd above it nd under 6500 its' complsort to deduct.....
REGARDS:
HIMANSHU SUTHAR (PF CONSULTANT)
From India, Ahmadabad
At the time of joining it is also important to fill the FORM-11 alongwith Form-2.
Form-11 means an employee declare that he is previously member of Employees' Provident Fund with Pf A/c No & also the name of previous employer or declate i am not a member of Provident Fund in past.
Regards
Gajendra Singh
9251037468 (Rajasthan)
From India, Kanpur
Form-11 means an employee declare that he is previously member of Employees' Provident Fund with Pf A/c No & also the name of previous employer or declate i am not a member of Provident Fund in past.
Regards
Gajendra Singh
9251037468 (Rajasthan)
From India, Kanpur
At the time of joining it is also important to fill the FORM-11 alongwith Form-2.
Form-11 means an employee declare that he is previously member of Employees' Provident Fund with Pf A/c No & also the name of previous employer or declare i am not a member of Provident Fund in past.
Regards
Gajendra Singh
9251037468 (Rajasthan)
From India, Kanpur
Form-11 means an employee declare that he is previously member of Employees' Provident Fund with Pf A/c No & also the name of previous employer or declare i am not a member of Provident Fund in past.
Regards
Gajendra Singh
9251037468 (Rajasthan)
From India, Kanpur
hi Himanshu,
we are new set up company in the market we need to open PF account for company as well as for the employees. can u jus help me out with the details and your contact number.company current account has been generated and yet to open salary account for the employees. advice me regarding the same.
Thanks n regards
sharath jayaram
9987152333/9773742348
HR manager
From India, Mumbai
we are new set up company in the market we need to open PF account for company as well as for the employees. can u jus help me out with the details and your contact number.company current account has been generated and yet to open salary account for the employees. advice me regarding the same.
Thanks n regards
sharath jayaram
9987152333/9773742348
HR manager
From India, Mumbai
Dear Suthar ji,
Of course you are quite write, some of the organisations are restricted to deduct more that Rs.6500/- (which comes Rs.780/- PF) some are on actual Basic wage @12%. So its totally depending upon industry to industry.
But on social security reasons of the employee it should be deduct @ Rs.6500/- is reasonable.
Regards,
PBS KUMAR
From India, Kakinada
Of course you are quite write, some of the organisations are restricted to deduct more that Rs.6500/- (which comes Rs.780/- PF) some are on actual Basic wage @12%. So its totally depending upon industry to industry.
But on social security reasons of the employee it should be deduct @ Rs.6500/- is reasonable.
Regards,
PBS KUMAR
From India, Kakinada
Dear PBS,
Details entered by you are correct but you have missed points in employer contribution part.
It is divided into 2 parts i.e. 8.33% for pension fund and 3.67% to employee share. But Pension fund is limited to maximum of Rs.541/- i.e. 8.33% of 6500/-. If employer deducts PF over and above ceiling limit of 6500/- then Rs.541/- is the maximum amount which can be contributed towards Pension Fund.
Example: Basic + DA = Rs.10000/-
Pension Fund (8.33% / 541/-) = Rs.541/-
Employee Share (3.67% / balance amount of 541/-) = Rs.659/-
Regards
Rakesh Oza
9619622844
Details entered by you are correct but you have missed points in employer contribution part.
It is divided into 2 parts i.e. 8.33% for pension fund and 3.67% to employee share. But Pension fund is limited to maximum of Rs.541/- i.e. 8.33% of 6500/-. If employer deducts PF over and above ceiling limit of 6500/- then Rs.541/- is the maximum amount which can be contributed towards Pension Fund.
Example: Basic + DA = Rs.10000/-
Pension Fund (8.33% / 541/-) = Rs.541/-
Employee Share (3.67% / balance amount of 541/-) = Rs.659/-
Regards
Rakesh Oza
9619622844
very useful but if you are a registered pf payer can new employees over Rs6500 be exempt or they too will become pf members & we will have to deduct pf from them. we sometimes
get employees of 10000/- & above who do not want to go into the pf a/c and prefer a consolidated salary.thanks AJ
From India, Chandigarh
get employees of 10000/- & above who do not want to go into the pf a/c and prefer a consolidated salary.thanks AJ
From India, Chandigarh
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.
The-present-sim ple-tense_502.p pt
The 100 Simple Secrets Of Happy People.pdf
Simple knowledge But We Need to Know.doc