Dear Mr. Ghouse,
It was nice to know that the cap of Rs. 6500 has been removed. However, I would like to inquire about the current ceiling. I have learned that the ESI limit has been increased to INR 10000. Could you please confirm what the final cap is currently for PF?
Looking forward to your reply.
Thanks,
Prabin
From India, Bhubaneswar
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2It was nice to know that the cap of Rs. 6500 has been removed. However, I would like to inquire about the current ceiling. I have learned that the ESI limit has been increased to INR 10000. Could you please confirm what the final cap is currently for PF?
Looking forward to your reply.
Thanks,
Prabin
From India, Bhubaneswar
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Hi all,
Can anyone send me details regarding PF, ESI, gratuity, and the various forms associated with it? Please send the blank forms' format to my email address: prabinkp@yahoo.com.
Please send them ASAP.
Thanks,
Prabin
From India, Bhubaneswar
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Can anyone send me details regarding PF, ESI, gratuity, and the various forms associated with it? Please send the blank forms' format to my email address: prabinkp@yahoo.com.
Please send them ASAP.
Thanks,
Prabin
From India, Bhubaneswar
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Hi Vinod,
I would like to know whether an employee gets tax benefits on both the employee and employer contributions to PF or not. Please correct me if I'm wrong.
Hope to hear from you soon.
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I would like to know whether an employee gets tax benefits on both the employee and employer contributions to PF or not. Please correct me if I'm wrong.
Hope to hear from you soon.
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What if that employer contribution is a part of my CTC? Then it means I’ve to unnecessarily pay tax on that employer contribution, isn’t it?
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Hi All,
Can anyone give an answer to the following questions related to PF:
1) What is the minimum contribution that the employer and employee have to make?
2) If any organization has fewer than 20 people, how can they avail PF benefits?
3) What does putting a cap on PF contribution mean?
I need details on PF as my organization is planning to start this benefit. Currently, we only have 10 people on staff.
Regards,
Gunjan
Do your homework. Kindly check the Employees' Provident Fund and Miscellaneous Provisions Act, 1952 at http://www.vakilno1.com/bareacts/employeepfact/employeepfact.htm. You will find answers to all your queries and concerns.
Regards,
Sanjeev Sharma
From India, Mumbai
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Can anyone give an answer to the following questions related to PF:
1) What is the minimum contribution that the employer and employee have to make?
2) If any organization has fewer than 20 people, how can they avail PF benefits?
3) What does putting a cap on PF contribution mean?
I need details on PF as my organization is planning to start this benefit. Currently, we only have 10 people on staff.
Regards,
Gunjan
Do your homework. Kindly check the Employees' Provident Fund and Miscellaneous Provisions Act, 1952 at http://www.vakilno1.com/bareacts/employeepfact/employeepfact.htm. You will find answers to all your queries and concerns.
Regards,
Sanjeev Sharma
From India, Mumbai
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Hi,
We have started our PF account a few months late. Is there any way to exempt the employees who have left the organization by this time even though they were part of the period?
Which form should be filled to exempt an employee and what are the formalities? Also, if an employee is joining in the middle of a month, should we deduct the amount from their first month's salary?
Maya
From India, Kochi
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We have started our PF account a few months late. Is there any way to exempt the employees who have left the organization by this time even though they were part of the period?
Which form should be filled to exempt an employee and what are the formalities? Also, if an employee is joining in the middle of a month, should we deduct the amount from their first month's salary?
Maya
From India, Kochi
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One thing that can be noticed is that the given percentage of contribution differs from what has been mentioned as the contribution part. If we calculate on the basis of Basic, the amounts come as follows:
1. 583.1 on 8.33%
2. 256.9 on 3.67%.
In the case of seasonal and sick industries, the contribution differs from the mentioned contribution. Additionally, in some cases, the restriction of Rs. 6500/- is exempted.
Best Regards
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1. 583.1 on 8.33%
2. 256.9 on 3.67%.
In the case of seasonal and sick industries, the contribution differs from the mentioned contribution. Additionally, in some cases, the restriction of Rs. 6500/- is exempted.
Best Regards
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Dear Sir,
My company is not paying my PF after resignation. Kindly advise.
Brief Facts: I was working in a company, and my Annual Basic Salary + D.A. was Rs. 9,45,862/-. I didn't opt for the employee's contribution for P.F. Hence, no deductions were made from my salary for P.F. However, my appointment letter mentions that I would be paid a monthly salary after deductions for P.F., Medical Insurance, Professional Tax, and TDS.
My query is whether the employer is still liable as per law for paying its share (i.e., Employer's Contribution to P.F.)? In that case, kindly let me know how much amount I am eligible to receive from my ex-employer for P.F. If the employer is not paying its share of P.F., then where should the complaint be registered for the remedy? The company is based in Mumbai. The company's total employee strength is 3000.
Regards,
Arun Anil Dey.
From India, Mumbai
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My company is not paying my PF after resignation. Kindly advise.
Brief Facts: I was working in a company, and my Annual Basic Salary + D.A. was Rs. 9,45,862/-. I didn't opt for the employee's contribution for P.F. Hence, no deductions were made from my salary for P.F. However, my appointment letter mentions that I would be paid a monthly salary after deductions for P.F., Medical Insurance, Professional Tax, and TDS.
My query is whether the employer is still liable as per law for paying its share (i.e., Employer's Contribution to P.F.)? In that case, kindly let me know how much amount I am eligible to receive from my ex-employer for P.F. If the employer is not paying its share of P.F., then where should the complaint be registered for the remedy? The company is based in Mumbai. The company's total employee strength is 3000.
Regards,
Arun Anil Dey.
From India, Mumbai
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Provident Fund - Excluded Employee - Definition.pdf