Dear Geeta,
I have a small clarification in your question, first you have mentioned P - Fund as Rs 780 that is fine but what is P - Fund 1633 that you have mentioned second time. Clarify me on this.
In the above case PF should be considered in only deductions and it should be Rs 780 and not in earnings, but what is the second P - Fund that you have mentioned above.................
Regards
Amith R.
From India, Bangalore
16I have a small clarification in your question, first you have mentioned P - Fund as Rs 780 that is fine but what is P - Fund 1633 that you have mentioned second time. Clarify me on this.
In the above case PF should be considered in only deductions and it should be Rs 780 and not in earnings, but what is the second P - Fund that you have mentioned above.................
Regards
Amith R.
From India, Bangalore
Dear All
Thanks for all the new replies
Now I will tell what I understand from your replies
If I am wrong all of you are welcome to correct my mistakes.
Normal Contribution Limit of Employee to PF is Rs.780(Based on 6500 Basic+Da)
However an employee can contribute whatever amount he likes for example he
can contribute even Rs.6000pm but employer contribution will be limited to Rs.780 only
This is all I understand about Employees contribution to PF from the discussion
we had earlier.And About Employer contribution to PF I will ask further doubts
First I want to clear this part that is about employee contribution to PF.
If u don't agree with my idea please let me know
Thanks
BINUMS
From India, Thiruvananthapuram
Thanks for all the new replies
Now I will tell what I understand from your replies
If I am wrong all of you are welcome to correct my mistakes.
Normal Contribution Limit of Employee to PF is Rs.780(Based on 6500 Basic+Da)
However an employee can contribute whatever amount he likes for example he
can contribute even Rs.6000pm but employer contribution will be limited to Rs.780 only
This is all I understand about Employees contribution to PF from the discussion
we had earlier.And About Employer contribution to PF I will ask further doubts
First I want to clear this part that is about employee contribution to PF.
If u don't agree with my idea please let me know
Thanks
BINUMS
From India, Thiruvananthapuram
Hi Ratheesh , Even its CMMi Level company deductions will be differ as per the company . But normally maximum 1400/- it will not stretch more then this.
From India, Madras
From India, Madras
Chitra ,
If you implement the rule across to all employees then you can keep company contribution to 780, but in that case 1200 which is employee contribution will be higher percentage than 12%. As per information available with me an employee can contribute upto 30% of his actual basic as his own contribution. I am not sure about VPF.
Vinit
From India, Delhi
If you implement the rule across to all employees then you can keep company contribution to 780, but in that case 1200 which is employee contribution will be higher percentage than 12%. As per information available with me an employee can contribute upto 30% of his actual basic as his own contribution. I am not sure about VPF.
Vinit
From India, Delhi
PF cannot bein earnings it is always to be in deductions. If you are deducting 1633 under pf, while filling return you will have to work out a higher % in the employee contri column. Vinit
From India, Delhi
From India, Delhi
If an employee draws more than 6500 basic + DA then PF becomes his choice. If he chooses to not contribute to PF you need to take undertaking in writting from the employee. Vinit
From India, Delhi
From India, Delhi
Hi All This is Mousumi, working in an Insurance Company, can any body help me out ,what are the things comes in Organization Development Policy Thanks Mousumi
From India, New Delhi
From India, New Delhi
Dear Chitra, I understand, in this case, it’s the employer’s discretion.The employer can choose to pay Rs.780 only.It is not compulsory to pay Rs.1200. Regards, Rune
From India, Madras
From India, Madras
Dear all,
Above the limit of Rs.6500/- it is not compulsory to the employer to contribute the PF to the employee.Maximum amount to be contributing by the employer is Rs.780/- only. whether the basic+DA Rs.10000/- and above the employer contribution against pf is Rs.780/- enough or employer avoiding to pay the contribution above Rs.6500/- (basic+DA).
regards
sai
From India, Madras
Above the limit of Rs.6500/- it is not compulsory to the employer to contribute the PF to the employee.Maximum amount to be contributing by the employer is Rs.780/- only. whether the basic+DA Rs.10000/- and above the employer contribution against pf is Rs.780/- enough or employer avoiding to pay the contribution above Rs.6500/- (basic+DA).
regards
sai
From India, Madras
Dear Chitra,
If basic is more than or equal to 6500/- than depending upon the company's policy the company can either fix the PF deduction at Rs 780/- or can also provide the whole 12%. the companys PF Contribution howevere comprises of 8.33% to EPS (with limit max. Rs.541), and the rest goes to EPF.
Regards
Anu
From India, New Delhi
If basic is more than or equal to 6500/- than depending upon the company's policy the company can either fix the PF deduction at Rs 780/- or can also provide the whole 12%. the companys PF Contribution howevere comprises of 8.33% to EPS (with limit max. Rs.541), and the rest goes to EPF.
Regards
Anu
From India, New Delhi
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