Some consultants suggesting Epf ceiling limit is fixed to 6500/-.The employer is liable to pay contribution only on 6500/- Whatever is the basic salary, is it right?
or If employee’s basic salary over and above the ceiling limits 6500/-In such cases what we have to do.
Please let me know the break up & also kindly explain me the changes in EPF rules-2012.
Thanks in Advance
Brinda
From India, Madras
or If employee’s basic salary over and above the ceiling limits 6500/-In such cases what we have to do.
Please let me know the break up & also kindly explain me the changes in EPF rules-2012.
Thanks in Advance
Brinda
From India, Madras
Dear Brinda, If Employees basic salary is 6500/- pm or it is above 6500/- even then he has to contribute PF on 6500/- only. 6500/- 3.67% (PF) 6500/- 8.33%(Pension Fund) Rgrds Vikram
From India, Pune
14From India, Pune
Hi Brinda
As you said that is correct.
for EPF Contribution there are various options.
a) Both EE & ER Shall restrict to Basic till 6500/-
b) Both EE & ER Shall contribute on Full Basic.
c) Employee shall contribute on full Basic & ER shall restrict to 6500/-
:)
From India, Bangalore
As you said that is correct.
for EPF Contribution there are various options.
a) Both EE & ER Shall restrict to Basic till 6500/-
b) Both EE & ER Shall contribute on Full Basic.
c) Employee shall contribute on full Basic & ER shall restrict to 6500/-
:)
From India, Bangalore
Greatings form muthukumar
As per epfo act the ceiling is fixed up to Rs.6500(basic & da) per month. There is no doubt about it. We have to deduct pf amount from employer & employee. It is mandatory to deduct pf amount from the wages. If employee is getting wages above Rs.6501(basic & da). We can get exemption from pf through Form 11.
Thanks & Regards
MUTHUKUMAR
SENIOR HR- EXECUTIVE
DEVI EXPORTS CORPORATION
From India, Chennai
As per epfo act the ceiling is fixed up to Rs.6500(basic & da) per month. There is no doubt about it. We have to deduct pf amount from employer & employee. It is mandatory to deduct pf amount from the wages. If employee is getting wages above Rs.6501(basic & da). We can get exemption from pf through Form 11.
Thanks & Regards
MUTHUKUMAR
SENIOR HR- EXECUTIVE
DEVI EXPORTS CORPORATION
From India, Chennai
Dear Brindha
As per EPF ACT, if starting salary (Basic+DA) is fixed over and above Rs.6500/-(Rs.6501) is entirely exempted from PF. If starting salary (Basic+DA)
fixed below Rs.6500/- then he is eligible for PF even after increasing above Rs.6500/-
Moreover 6500is the limit.If more than that, employer option
With regards
V.SUBBARAO
9841103098
From India, Madras
As per EPF ACT, if starting salary (Basic+DA) is fixed over and above Rs.6500/-(Rs.6501) is entirely exempted from PF. If starting salary (Basic+DA)
fixed below Rs.6500/- then he is eligible for PF even after increasing above Rs.6500/-
Moreover 6500is the limit.If more than that, employer option
With regards
V.SUBBARAO
9841103098
From India, Madras
hi seniors,
i need little bit help I have worked with a company 5 years and after 5 year i resigned in 2010. after that i know my pf not submitted in pf office by the company
pls. tell me what i do & how
hansa dutt pokhriyal
From India, Ghaziabad
i need little bit help I have worked with a company 5 years and after 5 year i resigned in 2010. after that i know my pf not submitted in pf office by the company
pls. tell me what i do & how
hansa dutt pokhriyal
From India, Ghaziabad
Hi Hansa
You can request for transfer of PF. It not cont the previous employer so that they can help in claiming. Do it fast else there will not be any interest credit to your account. If any doubts do call me :)
From India, Bangalore
You can request for transfer of PF. It not cont the previous employer so that they can help in claiming. Do it fast else there will not be any interest credit to your account. If any doubts do call me :)
From India, Bangalore
Dear Hansa
Since 2010 what steps you have taken? Why you were idle? Even now you can submit Form 19 & 10C. You have to produce Ration Card proof. More over the management has to submit your Form 5 & Form 10.
Another option is to submit Form13
With regards
V.SUBBARAO
9841103098
From India, Madras
Since 2010 what steps you have taken? Why you were idle? Even now you can submit Form 19 & 10C. You have to produce Ration Card proof. More over the management has to submit your Form 5 & Form 10.
Another option is to submit Form13
With regards
V.SUBBARAO
9841103098
From India, Madras
hi all,
can u tell me, if the employee has 40000/- rs. gross & basic is 16000/- rs.
so what would be the amount of pf deduction on behalf of employee as well as employer?
that is on max ceiling limit 6500 or on 16000..................?
thanx & regards,
Rahal Rana
07838861690
From India, Faridabad
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