Hello All,
I am new in the EPFO need suggestions like (EPFO for employers)
If someone joins the organization in the mid of the month and they have a monthly salary of up to 30k, So once i create employee registration in the EPFO portal then Monthly EPF Wages as on Joining how much? is the 15k is fixed ?
Please let me know guidance on this.
Thanks,
Jamna Patel
From India, Ahmedabad
I am new in the EPFO need suggestions like (EPFO for employers)
If someone joins the organization in the mid of the month and they have a monthly salary of up to 30k, So once i create employee registration in the EPFO portal then Monthly EPF Wages as on Joining how much? is the 15k is fixed ?
Please let me know guidance on this.
Thanks,
Jamna Patel
From India, Ahmedabad
If you keep it at Rs 15000, then put Rs 15000 as PF wages. For the month of joining since the number of days is less, say, 15 days, you can show the wages earned as Rs 7500 or wahetever is payable in proportion to Rs 15000.
From India, Kannur
4249From India, Kannur
PF wages 15,000/- per month at EPFO portal means the organization is contributing PF up to ceiling limit which is 15,000/- but the actual PF Gross is 30,000/- as mentioned in the original post.
If this is first time employment of the employee , he is an excluded employee. But the organization voluntarily may cover the employee under EPFO Scheme. As the employee has been joined in the mid of the month, his actual PF gross is 15,000/- per month for the joining month. But for rest of the months his PF gross will be 30,000/-. After adjusting any LWP , if the PF Gross is equal to or more than 15,000/- per month - the PF contribution should be on 15,000/- up to ceiling limit until the PF Gross comes down below 15,000/- per month after adjusting LWP.
S K Bandyopadhyay ( WB, Howrah)
CEO-USD HR Solutions
+91 98310 81531
USD HR Solutions – To Strive towards excellence with effort and integrity
From India, New Delhi
If this is first time employment of the employee , he is an excluded employee. But the organization voluntarily may cover the employee under EPFO Scheme. As the employee has been joined in the mid of the month, his actual PF gross is 15,000/- per month for the joining month. But for rest of the months his PF gross will be 30,000/-. After adjusting any LWP , if the PF Gross is equal to or more than 15,000/- per month - the PF contribution should be on 15,000/- up to ceiling limit until the PF Gross comes down below 15,000/- per month after adjusting LWP.
S K Bandyopadhyay ( WB, Howrah)
CEO-USD HR Solutions
+91 98310 81531
USD HR Solutions – To Strive towards excellence with effort and integrity
From India, New Delhi
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.
PF- on minimum wages-EPF appellate tribunal-Award against Deptt..pdf
Epf Monthly Challan.xls