Hi Naveen,
What all the seniors suggested is absolutely correct. Coming to the Wage ceiling of 6500/-, employee should contribute 12% on the whole basic salary irrespective of ceiling and employer can contribute pension fund 8.33% on 6500/- or less than 6500 with respect to their basic wage.
Coming to the contributions you can deduct both employer and employee contributions from the employee CTC, you have that facility.
Regards
Ravichandra
From India, Hyderabad
10What all the seniors suggested is absolutely correct. Coming to the Wage ceiling of 6500/-, employee should contribute 12% on the whole basic salary irrespective of ceiling and employer can contribute pension fund 8.33% on 6500/- or less than 6500 with respect to their basic wage.
Coming to the contributions you can deduct both employer and employee contributions from the employee CTC, you have that facility.
Regards
Ravichandra
From India, Hyderabad
Hi Friends,
I have started a new company with the name of Creative Team Solutions Pvt. Ltd. where me and my team is ready to work with those proprietors who start their company and want to register with govt. or if anyone want to apply for EPF code/sub-code. Please Contact
+91-9717199177
Mr. Hemant Kumar
(Director, CTS Pvt. Ltd.)
+91-9971787887
Himanshu
(Manager, CTS Pvt. Ltd)
From India, New Delhi
I have started a new company with the name of Creative Team Solutions Pvt. Ltd. where me and my team is ready to work with those proprietors who start their company and want to register with govt. or if anyone want to apply for EPF code/sub-code. Please Contact
+91-9717199177
Mr. Hemant Kumar
(Director, CTS Pvt. Ltd.)
+91-9971787887
Himanshu
(Manager, CTS Pvt. Ltd)
From India, New Delhi
without serve notice period we resign from the job , the company can't process the PF settlements & F&F process. In that situations we can claim the PF settlement claim through PF office directly .......................................
From India, Mumbai
From India, Mumbai
The wages for EPF contribution should not be less than the prescribed minimum wages under MW Act 1948. There is a very clear ruling of the Supreme Court in this regard.
For all statutory payment/contribution calculations the Wages must match the prescribed minimum wages.
From India, Pune
For all statutory payment/contribution calculations the Wages must match the prescribed minimum wages.
From India, Pune
Kamal Prasoon Sinha
I accept your above posting in principle.
What should be the wages for EPF in the case of a person employed in a scheduled employment for which the appropriate Govt has not fixed MW ?
From India, Thiruvananthapuram
I accept your above posting in principle.
What should be the wages for EPF in the case of a person employed in a scheduled employment for which the appropriate Govt has not fixed MW ?
From India, Thiruvananthapuram
Dear Mr. Varghesemathew,
The list of scheduled employment is very vast and I doubt there can be any business activity which is not covered.
Broadly speaking any business activity has to be registered either under Shops and Establishment Act or Factory Act 1948. These two business activity registered units are already covered in scheduled employment so there can not be any employment schedule let out.
From India, Pune
The list of scheduled employment is very vast and I doubt there can be any business activity which is not covered.
Broadly speaking any business activity has to be registered either under Shops and Establishment Act or Factory Act 1948. These two business activity registered units are already covered in scheduled employment so there can not be any employment schedule let out.
From India, Pune
There are many employment left out from Minimum Wages Act. For eg( in kerala) teachers of private schools,employment in aerospace engineering,construction of buildings. Varghese Mathew
From India, Thiruvananthapuram
From India, Thiruvananthapuram
I am not familiar with the employment schedule of Kerala state but the original document issued by the Govt of Kerala has the employment schedule like Employment in Construction, maintenance of roads,building operations, Employment in Private Educational Institutions.
Aerospace engineering can be broadly covered under Engineering schedule.
From India, Pune
Aerospace engineering can be broadly covered under Engineering schedule.
From India, Pune
In kerala ,the teaching staff is not covered under the MW notification.
From India, Thiruvananthapuram
From India, Thiruvananthapuram
Your article is really very nice and informative. I come across a blog that’s both equally educative and amusing, and let me tell you, you’ve hit the nail on the head.
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From India, Noida
Now i’m very happy I came across this in my search for something relating to this. You can refer https://studycafe.in for more articles like this.
From India, Noida
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