Hai,
Thank you sikha but my question remains unsolved. By your words all the 20 employees must be permanent type. is it?
and do a company can go for PF deduction as soon as it comes into operation with 20 permanent employees
From India, Bangalore
Thank you sikha but my question remains unsolved. By your words all the 20 employees must be permanent type. is it?
and do a company can go for PF deduction as soon as it comes into operation with 20 permanent employees
From India, Bangalore
Hi!
The answer to your question is the service duration of trainees is fixed like 3 months, 6 months etc. and they are pais stipend not salary. but PF is deducted on basic salary. so trainees are not included in number of 20 ppl.
if you want to add something to it please do that.
Regards,
Shikha
From India, Ludhiana
3The answer to your question is the service duration of trainees is fixed like 3 months, 6 months etc. and they are pais stipend not salary. but PF is deducted on basic salary. so trainees are not included in number of 20 ppl.
if you want to add something to it please do that.
Regards,
Shikha
From India, Ludhiana
Dear HR Professionals, Please let me know,when an employee can withdraw his PF? Is it possible that he withdraws the money during his tenure or he can withdraw after his relieving? Regards, Shikha
From India, Ludhiana
From India, Ludhiana
Dear KS2,
Here some PF related Answers for you.
01.Applicability-20 more
02.Salary range-Rs.6501(Whatever your salary)
03.Contribution-Employee-12% employer 12%PF Admin charges 1.10% on total wages+EDLI 0.50%+EDLI Admin Charges 0.01% total 13.61%
During latest inspection in our office PF Enforcement officer inform us that Whatever may be the salary those who have drawing more than Rs.6500/- will pay Rs. 780/- is ceiling(above than this employee you can deduct and contirbutue on own willingness and as per company policy) should paid.If salary less than Rs.6500/- whatever may be the salary should deduct 12% on the same.
If any queries you have. call me 09944706404.
Also for Seniors. We came to this site to Learn whatever the basic questions and indepth questions don't crticise us please share your knowledge to expertise.
Regards
Eswar.K
From India, Chennai
Here some PF related Answers for you.
01.Applicability-20 more
02.Salary range-Rs.6501(Whatever your salary)
03.Contribution-Employee-12% employer 12%PF Admin charges 1.10% on total wages+EDLI 0.50%+EDLI Admin Charges 0.01% total 13.61%
During latest inspection in our office PF Enforcement officer inform us that Whatever may be the salary those who have drawing more than Rs.6500/- will pay Rs. 780/- is ceiling(above than this employee you can deduct and contirbutue on own willingness and as per company policy) should paid.If salary less than Rs.6500/- whatever may be the salary should deduct 12% on the same.
If any queries you have. call me 09944706404.
Also for Seniors. We came to this site to Learn whatever the basic questions and indepth questions don't crticise us please share your knowledge to expertise.
Regards
Eswar.K
From India, Chennai
Dear Eswar .K,
Thanks for ur reply.I think you have explained beautifully and rightly said in the last.Really nice to c ur reply.My doubts are very clear now.For any further query i will definately contact you.
Regards,
Shikha
From India, Ludhiana
Thanks for ur reply.I think you have explained beautifully and rightly said in the last.Really nice to c ur reply.My doubts are very clear now.For any further query i will definately contact you.
Regards,
Shikha
From India, Ludhiana
Dear HR professionals,
I am thankful to all of you for sharing your knowledge. Please keep updating this post if you have something more to add to it.
Regards,
Shikha
OSSAGHO Corporation,
S.C.O. 6, 1st Floor,
Novelty Plaza, Opp. Park Plaza,
Ludhiana - 141001 (Pb.)
TEL: +91 161 2772775
+91 161 2772745
URL: http://www.ossagho.com
E-Mail:
From India, Ludhiana
I am thankful to all of you for sharing your knowledge. Please keep updating this post if you have something more to add to it.
Regards,
Shikha
OSSAGHO Corporation,
S.C.O. 6, 1st Floor,
Novelty Plaza, Opp. Park Plaza,
Ludhiana - 141001 (Pb.)
TEL: +91 161 2772775
+91 161 2772745
URL: http://www.ossagho.com
E-Mail:
From India, Ludhiana
Dear HR Professionals/Beginners,
Please tell me is it possible to start PF in a company with a strength less than 20 also as i have seen in some companies the same thing.
Regards,
Shikha
OSSAGHO Corporation,
S.C.O. 6, 1st Floor,
Novelty Plaza, Opp. Park Plaza,
Ludhiana - 141001 (Pb.)
TEL: +91 161 2772775
+91 161 2772745
URL: http://www.ossagho.com
E-Mail:
From India, Ludhiana
Please tell me is it possible to start PF in a company with a strength less than 20 also as i have seen in some companies the same thing.
Regards,
Shikha
OSSAGHO Corporation,
S.C.O. 6, 1st Floor,
Novelty Plaza, Opp. Park Plaza,
Ludhiana - 141001 (Pb.)
TEL: +91 161 2772775
+91 161 2772745
URL: http://www.ossagho.com
E-Mail:
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From India, Ludhiana
Dear Mr.Madan Mohan,
It is good that at least you felt that If our university or institutions are not able to provide us a practical Scenario,and i feel that practical experience teaches much more than Reading Books at same time i agree we should have book stuff but practical experience can be given by u Sr.Hr's i guess.
And in larger companies it is difficult to learn every thing where all the HR stuff is not teached .so please try to understand the new comer’s questions and dont get irritated , just try to guide us with at least the posting date where we can find the data. The thing is every month a new joinee comes up with the same question and some times some seniors get irritated but many they patiently guide us.we jr's are thankful to all of u.
so i think u will help as well as guide us.
Regards,
Ashwitha.
From India, Hyderabad
It is good that at least you felt that If our university or institutions are not able to provide us a practical Scenario,and i feel that practical experience teaches much more than Reading Books at same time i agree we should have book stuff but practical experience can be given by u Sr.Hr's i guess.
And in larger companies it is difficult to learn every thing where all the HR stuff is not teached .so please try to understand the new comer’s questions and dont get irritated , just try to guide us with at least the posting date where we can find the data. The thing is every month a new joinee comes up with the same question and some times some seniors get irritated but many they patiently guide us.we jr's are thankful to all of u.
so i think u will help as well as guide us.
Regards,
Ashwitha.
From India, Hyderabad
Dear Ashwitha,
I truly agree with you. Our seniors should help us to clarify our doubts and not to demotivate ua by saying that we hae not learnt anything.There is always a begining of everything.Nobody reaches the top inthe starting only.We learn alot from eachother.
Regards,
Shikha
From India, Ludhiana
I truly agree with you. Our seniors should help us to clarify our doubts and not to demotivate ua by saying that we hae not learnt anything.There is always a begining of everything.Nobody reaches the top inthe starting only.We learn alot from eachother.
Regards,
Shikha
From India, Ludhiana
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PF not applicable on CTC 18.3.2014.pdf