Hello Pavan,
This not necessary to his contribute his salary in pf because his basic salary ceiling in above in pf basic now government increase pf ceiling from 6500/- to 15000/-. His Employer requested to pf department that he contribute his basis salary in written in company letter head, then it possible as VPF treat.
From India, Kolkata
This not necessary to his contribute his salary in pf because his basic salary ceiling in above in pf basic now government increase pf ceiling from 6500/- to 15000/-. His Employer requested to pf department that he contribute his basis salary in written in company letter head, then it possible as VPF treat.
From India, Kolkata
35
Hello Pawan Ji,
If employee Basic+DA more than 6500/- per month, than its employer wish to whether he deduct the pf or not.
other option is that fill form no 11 for employees those dont want to deduct PF, but all the Previous PF must be withdrawal
Hope this will help you.
From India, Vijayawada
If employee Basic+DA more than 6500/- per month, than its employer wish to whether he deduct the pf or not.
other option is that fill form no 11 for employees those dont want to deduct PF, but all the Previous PF must be withdrawal
Hope this will help you.
From India, Vijayawada
Many of the comments here are misleading, so I am forced to repeat what I have said before.
Exemption from PF is only for am employee whose STARTING Salary in the organisation is above ₹6500 and who did not have any existing PF account when he joined the company.
If either of the conditions are not fulfilled, you need to deduct PF as per law,
You do not have an option of deciding whether or not you will withdraw your PF. You are required by law to transfer it to your new company unless the new company is not covered under pf
From India, Mumbai
Exemption from PF is only for am employee whose STARTING Salary in the organisation is above ₹6500 and who did not have any existing PF account when he joined the company.
If either of the conditions are not fulfilled, you need to deduct PF as per law,
You do not have an option of deciding whether or not you will withdraw your PF. You are required by law to transfer it to your new company unless the new company is not covered under pf
From India, Mumbai
Hi all,
great discussion .......
kindly check out following news link,it would be great if we all discuss on latest proposals approved from EPFO which contains
monthly wage ceiling,
increased the wage ceiling to Rs. 15,000 per month instead of 6500,
minimum monthly pension,
reduce administrative charges,
basis of average for pensionable salary
Provident fund ceiling raised, minimum pension fixed at Rs 1,000 - NDTVProfit.com
Regards
Guru
From India, Mumbai
great discussion .......
kindly check out following news link,it would be great if we all discuss on latest proposals approved from EPFO which contains
monthly wage ceiling,
increased the wage ceiling to Rs. 15,000 per month instead of 6500,
minimum monthly pension,
reduce administrative charges,
basis of average for pensionable salary
Provident fund ceiling raised, minimum pension fixed at Rs 1,000 - NDTVProfit.com
Regards
Guru
From India, Mumbai
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HC All - Trainees not covered for PF -2010.pdf
PF Ledger.xls