Dear Deepali,
our oraganization is in freight forwarding business, we have started PF for our epmloyees and mangement has decided that whose salary is above 10,000.00 their PF share ( Employer's Contribution) will be dedecut from their salary . Is it according to PF rules.
One more thing about the PF ( Form No. 2) , employee who is bachulor can mention his brother name in the name of Nominee column , and PART -B of the same form ,there are two PARA , which para has to be fill by the bacholore person
Regards
Nirmal
From India, New Delhi
1our oraganization is in freight forwarding business, we have started PF for our epmloyees and mangement has decided that whose salary is above 10,000.00 their PF share ( Employer's Contribution) will be dedecut from their salary . Is it according to PF rules.
One more thing about the PF ( Form No. 2) , employee who is bachulor can mention his brother name in the name of Nominee column , and PART -B of the same form ,there are two PARA , which para has to be fill by the bacholore person
Regards
Nirmal
From India, New Delhi
Hi Nirmal,
it is wrong. The management contribution can be restricted to Rs.6500/-. the employer contribution cannot be deducted from the employee salary. In most of the companies the employer contribution is shown as part of COST TO THE COMOPANY (CTC). If it is like that it is o.K.
gk
From India, Madras
it is wrong. The management contribution can be restricted to Rs.6500/-. the employer contribution cannot be deducted from the employee salary. In most of the companies the employer contribution is shown as part of COST TO THE COMOPANY (CTC). If it is like that it is o.K.
gk
From India, Madras
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