Dear Disha, PF should be calculated on Basic . If her basic is Rs. 8,000/- then PF will be 12 % of Rs. 8,000/- . Regards, Srinivas
From India, Hyderabad
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12From India, Hyderabad
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Dear Mathew sir,
I know a case where a contractor had deposited contributions on a proportionate basis but ultimately had to pay up at the rate of Rs. 780/- per month on the orders of RPFC. I had discussed the matter then with the RPFC, and he was stressing, as per Section 6 of the Act, mandating payment of PF contribution on the wages payable to each of the employees covered under the Act and on the definition of para 2(f) of the EPF Scheme, stating that an excluded employee is only those employees who draw wages exceeding Rs. 6500/- per month.
Although I pointed out that in case the wages of an excluded employee drop below the Rs. 6500/- limit, if the employer has to pay contributions for such instances, then it will be an anomalous situation. But he was insistent on his interpretation. There would surely be some official circular from the PF organization; the readers would benefit if it is made available.
KK
From India, Bhopal
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I know a case where a contractor had deposited contributions on a proportionate basis but ultimately had to pay up at the rate of Rs. 780/- per month on the orders of RPFC. I had discussed the matter then with the RPFC, and he was stressing, as per Section 6 of the Act, mandating payment of PF contribution on the wages payable to each of the employees covered under the Act and on the definition of para 2(f) of the EPF Scheme, stating that an excluded employee is only those employees who draw wages exceeding Rs. 6500/- per month.
Although I pointed out that in case the wages of an excluded employee drop below the Rs. 6500/- limit, if the employer has to pay contributions for such instances, then it will be an anomalous situation. But he was insistent on his interpretation. There would surely be some official circular from the PF organization; the readers would benefit if it is made available.
KK
From India, Bhopal
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Dear K.K. Nair,
Mr. Varghese Mathew is right in this regard. Salary is meant for one month of attendance. Out of two employees with the same salary but different attendance, the earning amounts will be different. Accordingly, all statutory deductions related to salary will also be different. Otherwise, those who have less attendance will be more beneficial, at least in terms of PF. If you have experienced a slippage from any of the RPFCs, it should not be taken as a record against the general ethics and precedents.
Abbas P.S
From India, Bangalore
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Mr. Varghese Mathew is right in this regard. Salary is meant for one month of attendance. Out of two employees with the same salary but different attendance, the earning amounts will be different. Accordingly, all statutory deductions related to salary will also be different. Otherwise, those who have less attendance will be more beneficial, at least in terms of PF. If you have experienced a slippage from any of the RPFCs, it should not be taken as a record against the general ethics and precedents.
Abbas P.S
From India, Bangalore
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Dear all: Let not the vagaries of PF officials decide the matter, and let us get the official version which would surely be there. KK
From India, Bhopal
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From India, Bhopal
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