dear Mr. Ghouse,
it was nice to know that the cap of Rs.6500 has been taken out, but presently what is the ceiling? As I came to know that ESI limit has been raised to INR10000, so likewise what is the final cap at present for PF?????????
looking forward to your reply,
thanks,
Prabin
From India, Bhubaneswar
2it was nice to know that the cap of Rs.6500 has been taken out, but presently what is the ceiling? As I came to know that ESI limit has been raised to INR10000, so likewise what is the final cap at present for PF?????????
looking forward to your reply,
thanks,
Prabin
From India, Bhubaneswar
Hi,
This is Vinod here. I would like to know whether an employee get tax benefit on both the employee and employer contribution of PF or not? Please correct me if I'm wrong.
Hope to here you soon.
This is Vinod here. I would like to know whether an employee get tax benefit on both the employee and employer contribution of PF or not? Please correct me if I'm wrong.
Hope to here you soon.
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?
Do your Homework.
Kindly check, Employees Provident Fund and Miscellaneous Provisions Act, 1952
http://www.vakilno1.com/bareacts/emp...loyeepfact.htm
You will get answers to all your queries and concerns.
Regards
Sanjeev Sharma
From India, Mumbai
Kindly check, Employees Provident Fund and Miscellaneous Provisions Act, 1952
http://www.vakilno1.com/bareacts/emp...loyeepfact.htm
You will get answers to all your queries and concerns.
Regards
Sanjeev Sharma
From India, Mumbai
Hi,
We have started out pf account few months late.Is there any way to exempt the employees left the organisation by this time though they come in the period.
Which form to fill to exempt one employee and what are the formalities? Also, if an employee is joining in the middle of a month, should we deduct the amount from his first month salary?
Maya
From India, Kochi
We have started out pf account few months late.Is there any way to exempt the employees left the organisation by this time though they come in the period.
Which form to fill to exempt one employee and what are the formalities? Also, if an employee is joining in the middle of a month, should we deduct the amount from his first month salary?
Maya
From India, Kochi
One thing, which can be noticed that the given percentrage of contribution differs from what has been mentioned as the contributionb part. If we calculate on the said basis of Basic the amount comes as follows:
1. 583.1 on 8.33%
2. 256.9 on 3.67%.
And incase of seasonal and sick industries the contribution is differ as from the said contribution here.
And even in some cases the restriction of Rs. 6500/- is exmpted.
Best Regards
1. 583.1 on 8.33%
2. 256.9 on 3.67%.
And incase of seasonal and sick industries the contribution is differ as from the said contribution here.
And even in some cases the restriction of Rs. 6500/- is exmpted.
Best Regards
Dear Sir,
My company is not paying my PF after resignation. Kindly advice.
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 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 monthly salary after deduction for P.F.,Medical Insurance,Professional Tax & TDS.
My query is whether Employer is still liable as per Law for paying it's Share (i.e.) Employer's Contribution to P.F. ?
In that case kindly let me know how much amount am I eligible to receive from my ex-Employer for P.F. ?
If employer is not paying his share of P.F.,then where should the complaint be registered for remedy.The company is based in Mumbai.
The company's total employee strength is 3000.
Regards,
Arun Anil Dey.
From India, Mumbai
My company is not paying my PF after resignation. Kindly advice.
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 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 monthly salary after deduction for P.F.,Medical Insurance,Professional Tax & TDS.
My query is whether Employer is still liable as per Law for paying it's Share (i.e.) Employer's Contribution to P.F. ?
In that case kindly let me know how much amount am I eligible to receive from my ex-Employer for P.F. ?
If employer is not paying his share of P.F.,then where should the complaint be registered for remedy.The company is based in Mumbai.
The company's total employee strength is 3000.
Regards,
Arun Anil Dey.
From India, Mumbai
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 Contribution on Leave Encashment - Clarification by EPFO.pdf