if a employee basic is more then 6500/- and pf were never deducted in past then its upto company to deduct pf or not ...this is as per pf act...
From India, Kotdwara
From India, Kotdwara
Dear all,
Pl note the following points,
1) When your organisation is covered under PF you have to deduct from day one and allot the membership number. You can not / employee can not say start it after 6 months.
2) Transfer of previous one through the prescribed forms submission
3) If new employee's salary is more then 6500/- ( B+DA) pm and he was not the member in previous org or fresher then no need to cover.
4) But as an employee benefit you can cover him as per his request restricted to deduction only on 6500/-
4) Form 11 is declaration by the employee for non membership in his previous employment.
Hope its clear now.
Ulhas Chandratre
HRM Consultants, Pune
From India, Pune
10Pl note the following points,
1) When your organisation is covered under PF you have to deduct from day one and allot the membership number. You can not / employee can not say start it after 6 months.
2) Transfer of previous one through the prescribed forms submission
3) If new employee's salary is more then 6500/- ( B+DA) pm and he was not the member in previous org or fresher then no need to cover.
4) But as an employee benefit you can cover him as per his request restricted to deduction only on 6500/-
4) Form 11 is declaration by the employee for non membership in his previous employment.
Hope its clear now.
Ulhas Chandratre
HRM Consultants, Pune
From India, Pune
Dear Deeputty,
PF for a regular employee should be deducted from the date of joining.The PF Account should be opened in the present organisation and PF deductions should be deposited therein.It is the employee's responsibility to transfer his Account in the earlier organisation to the present location.
Thank You.
From India, Bokaro
PF for a regular employee should be deducted from the date of joining.The PF Account should be opened in the present organisation and PF deductions should be deposited therein.It is the employee's responsibility to transfer his Account in the earlier organisation to the present location.
Thank You.
From India, Bokaro
Hi All,
What's the basic process when a Employee join with a organization regarding the documentation and all the formalities which is essential at the time of joining.
and also the information about the PF and ESI deduction's.
From India, New Delhi
What's the basic process when a Employee join with a organization regarding the documentation and all the formalities which is essential at the time of joining.
and also the information about the PF and ESI deduction's.
From India, New Delhi
If the employee salary is 20000/- his basic salary is 10000/-. As on today we are deducting 1200/- from his contribution and 1200/- from the employer contribution.Is there any provision to keep ceiling 6500/- and deduct 1200/- from his salary and 780/- from employer contribution hereafter. Please advice senior members.
Regards
Raju
From India, Secunderabad
Regards
Raju
From India, Secunderabad
For the below point no . 3 i am aware its not correct.if its possible to no not need to pf cover, kindly sent the which section in that Pf act says....
Regrds
Suresh Kumar M
QUOTE=Ulhas Chandratre;1995590]Dear all,
Pl note the following points,
1) When your organisation is covered under PF you have to deduct from day one and allot the membership number. You can not / employee can not say start it after 6 months.
2) Transfer of previous one through the prescribed forms submission
3) If new employee's salary is more then 6500/- ( B+DA) pm and he was not the member in previous org or fresher then no need to cover.
4) But as an employee benefit you can cover him as per his request restricted to deduction only on 6500/-
4) Form 11 is declaration by the employee for non membership in his previous employment.
Hope its clear now.
Ulhas Chandratre
HRM Consultants, Pune[/QUOTE]
From India, Coimbatore
Regrds
Suresh Kumar M
QUOTE=Ulhas Chandratre;1995590]Dear all,
Pl note the following points,
1) When your organisation is covered under PF you have to deduct from day one and allot the membership number. You can not / employee can not say start it after 6 months.
2) Transfer of previous one through the prescribed forms submission
3) If new employee's salary is more then 6500/- ( B+DA) pm and he was not the member in previous org or fresher then no need to cover.
4) But as an employee benefit you can cover him as per his request restricted to deduction only on 6500/-
4) Form 11 is declaration by the employee for non membership in his previous employment.
Hope its clear now.
Ulhas Chandratre
HRM Consultants, Pune[/QUOTE]
From India, Coimbatore
Hi Deeputty,
Kindly go through this link
Basics of Employee Provident Fund: EPF, EPS, EDLIS « Be Money Aware Blog
Regards
Anita
From India, Mumbai
Kindly go through this link
Basics of Employee Provident Fund: EPF, EPS, EDLIS « Be Money Aware Blog
Regards
Anita
From India, Mumbai
Dear Deeputty,
Does yr.firm has a PF Trust or remitting to EPO ? If you have PF Trust problem could be solved easily. If not U have to remit the PF of employees' subscription together with Employer's contribution without delay. For the delay in remittance your firm should add the interest and remit. I think this employee when he was working elsewhere his PF should have been remitted to his PF A/c in which case you also should remit to the SAME PF A/c. Ascertain the A/c.No. from him and do the needful. Transfer formality can be taken up simultaneously. This would also regularise his EPF Pension a/c otherwise he would lose his past pensionable service.
kumar.s.
From India, Bangalore
Does yr.firm has a PF Trust or remitting to EPO ? If you have PF Trust problem could be solved easily. If not U have to remit the PF of employees' subscription together with Employer's contribution without delay. For the delay in remittance your firm should add the interest and remit. I think this employee when he was working elsewhere his PF should have been remitted to his PF A/c in which case you also should remit to the SAME PF A/c. Ascertain the A/c.No. from him and do the needful. Transfer formality can be taken up simultaneously. This would also regularise his EPF Pension a/c otherwise he would lose his past pensionable service.
kumar.s.
From India, Bangalore
Dear All
In case of a new employee pl obtain F11 in order to ascertain his PF Membership. Since he has not withdrawn his PF he is a continuing PF Member. Hence he is required to be enrolled PF member from day one even if his Emoluments exceed 6500/-.
The practice of your Company is not as per law. From Nov 1990 everyone is required to be enrolled as PF Member from the date of Joining. However it is not late you are required to deposit both shares of PF Contribution in r/o the employee without enforcing any deduction on a/c of EE's share from him. You will be required to pay Damages U/s 14 B @ 25% PA, PF the Act & interest U/s 7Q.@12%.
The EE should fill F-13 and forward it to the concerned PF office for getting his PF A/c Transferred to his new a/c No given by you.
From India, Jaipur
In case of a new employee pl obtain F11 in order to ascertain his PF Membership. Since he has not withdrawn his PF he is a continuing PF Member. Hence he is required to be enrolled PF member from day one even if his Emoluments exceed 6500/-.
The practice of your Company is not as per law. From Nov 1990 everyone is required to be enrolled as PF Member from the date of Joining. However it is not late you are required to deposit both shares of PF Contribution in r/o the employee without enforcing any deduction on a/c of EE's share from him. You will be required to pay Damages U/s 14 B @ 25% PA, PF the Act & interest U/s 7Q.@12%.
The EE should fill F-13 and forward it to the concerned PF office for getting his PF A/c Transferred to his new a/c No given by you.
From India, Jaipur
Dear Deeputty,
""BEWARE"" an employer cannot or not authorised to recover Employees' subscription om arrears in respect of those months U have not deducted or failed to deduct from him. This is your fault and U, the employer has to compensate i.e. the employer himself should make good or pay on behalf of the employee concerned and also add the accrued interest on that failed instalments and remit to the employees' PF A/c to regularise your negligence. In this respect PF Act doesn't exonerate the erring Employer.
IN SHORT AN EMPLOYEE CANNOT RECOVER OR DEDUCT MORE THAN ONE MONTH'S PF SUBSCRIPTION FROM AN EMPLOYEE.
So be careful and this penalty you cannot nullify whatever may be the reason including if salary itself not paid to such employees.
kumar.s.
From India, Bangalore
""BEWARE"" an employer cannot or not authorised to recover Employees' subscription om arrears in respect of those months U have not deducted or failed to deduct from him. This is your fault and U, the employer has to compensate i.e. the employer himself should make good or pay on behalf of the employee concerned and also add the accrued interest on that failed instalments and remit to the employees' PF A/c to regularise your negligence. In this respect PF Act doesn't exonerate the erring Employer.
IN SHORT AN EMPLOYEE CANNOT RECOVER OR DEDUCT MORE THAN ONE MONTH'S PF SUBSCRIPTION FROM AN EMPLOYEE.
So be careful and this penalty you cannot nullify whatever may be the reason including if salary itself not paid to such employees.
kumar.s.
From India, Bangalore
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