Dear Colleagues,
Hope you are doing well! Please help me with your valuable advice on the below matter
Q1. The query is for those employers who treat the PF dues on basis of Rs. 15000 limit on EPF wages and not the entire amount.
In an example of such employer, if some employee has PF wages defined as say Rs. 50000 /- per month. If such an employee is on Loss of pay for 15 days out of 30 in April, what is the PF deduction and contribution?
- Is it based on the fact that since the employee is paid Rs. 25000 /- for that month (15/30 X 50000), the PF should be 12% of 15000 (lower of 15000 and 25000) i.e. 1800 /- OR
- Should it be computed as PF wages is 15000 (lower of 50000 and 15000) and PF wages pro-rated as per LOP days is 15/30 of Rs. 1800 i.e. Rs. 900?
Q2. The query is for those employers who treat the PF dues on basis of the entire amount.
In an example of such employer, if some employee has PF wages defined as say Rs. 50000 /- per month. If such an employee is on Loss of pay for 15 days out of 30 in April, what should be the EPF wages? 50000 or 25000 or 15000?
From India, Gurgaon
Hope you are doing well! Please help me with your valuable advice on the below matter
Q1. The query is for those employers who treat the PF dues on basis of Rs. 15000 limit on EPF wages and not the entire amount.
In an example of such employer, if some employee has PF wages defined as say Rs. 50000 /- per month. If such an employee is on Loss of pay for 15 days out of 30 in April, what is the PF deduction and contribution?
- Is it based on the fact that since the employee is paid Rs. 25000 /- for that month (15/30 X 50000), the PF should be 12% of 15000 (lower of 15000 and 25000) i.e. 1800 /- OR
- Should it be computed as PF wages is 15000 (lower of 50000 and 15000) and PF wages pro-rated as per LOP days is 15/30 of Rs. 1800 i.e. Rs. 900?
Q2. The query is for those employers who treat the PF dues on basis of the entire amount.
In an example of such employer, if some employee has PF wages defined as say Rs. 50000 /- per month. If such an employee is on Loss of pay for 15 days out of 30 in April, what should be the EPF wages? 50000 or 25000 or 15000?
From India, Gurgaon
we have started up a new business with strength of 7 employees and expecting 20 above in a couple of months, and we do not have a gst yet, could any one give information on how the payslip should be? could we avoid esi deduction and take medical insurance for the employees
planning to calculate basic+hra+conveyance+education+pf employers contribution+pf employees contribution+esi+professional tax
From India, Vijayawada
planning to calculate basic+hra+conveyance+education+pf employers contribution+pf employees contribution+esi+professional tax
From India, Vijayawada
Dear Colleague,
ESI is not option, but it is mandatory requirement if you have employees whos salary is upto 21k. If all your 20 employees are above 21k then you may exclude from ESI coverage. Check with your nearest Local Office for checking whether your location / area/ revenue village is notified for ESI coverage. Then move in consultation with ESI Corporation.
In case of PF for all employees who are drawing wages upto 15K to be covered under PF. The deduction on PF has to be done for Basic+ DA+ Retaining allowance and for arriving 15 K if any other allowance commonly extended to all employees to be also added.
From India, Chennai
309ESI is not option, but it is mandatory requirement if you have employees whos salary is upto 21k. If all your 20 employees are above 21k then you may exclude from ESI coverage. Check with your nearest Local Office for checking whether your location / area/ revenue village is notified for ESI coverage. Then move in consultation with ESI Corporation.
In case of PF for all employees who are drawing wages upto 15K to be covered under PF. The deduction on PF has to be done for Basic+ DA+ Retaining allowance and for arriving 15 K if any other allowance commonly extended to all employees to be also added.
From India, Chennai
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.
Basic 4 pf.pdf