The employer is within its right to withdraw the facility of payment of additional PF contribution and can restrict his contribution to the extent of statutory payments only at any time without the consent of the concerned employees. There is a judgment of the High Court to that effect.
The said change does not require any prior notice or consent as per the provisions of Section 9A of the Industrial Disputes Act, 1947.
Also, payment of PF on gross salary/wages does not amount to terms and conditions.
From India, Ahmedabad
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The said change does not require any prior notice or consent as per the provisions of Section 9A of the Industrial Disputes Act, 1947.
Also, payment of PF on gross salary/wages does not amount to terms and conditions.
From India, Ahmedabad
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Dear Friends,
I want to say exactly what Mr. Darshan mentioned. As per PF Act, it is completely okay, but on the safer side, written consent needs to be obtained from employees. Also, we all know that nowadays, salary is based on the CTC Concept. By implementing new changes, i.e., PF deduction on the ceiling of Rs. 6,500/-, the employer has to pay less contribution, which was earlier paid on Actual Basic. In such a scenario, CTC will be reduced compared to the earlier CTC of Employees.
In such circumstances, the employer also needs to be fair enough by adjusting the difference in the amount so that the final CTC amount of employees will not be impacted.
Regards,
Vipul Rana
From India, Thana
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2I want to say exactly what Mr. Darshan mentioned. As per PF Act, it is completely okay, but on the safer side, written consent needs to be obtained from employees. Also, we all know that nowadays, salary is based on the CTC Concept. By implementing new changes, i.e., PF deduction on the ceiling of Rs. 6,500/-, the employer has to pay less contribution, which was earlier paid on Actual Basic. In such a scenario, CTC will be reduced compared to the earlier CTC of Employees.
In such circumstances, the employer also needs to be fair enough by adjusting the difference in the amount so that the final CTC amount of employees will not be impacted.
Regards,
Vipul Rana
From India, Thana
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Hi, I am a very good administrative manager. Having 3 colleagues, my company is fully a proprietorship. I want to know, as the admin of the office, what good things can be implemented in addition to daily administration. Also, provide the best statutory compliance for staff as the admin in charge. Thank you.
Ms. Hetal M.
From India, Mumbai
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Ms. Hetal M.
From India, Mumbai
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A change in contribution to PF attracts item 2&8 of schedule iv of ID Act,hence to be on safer side . better to comply sec 9A. Varghese Mathew
From India, Thiruvananthapuram
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From India, Thiruvananthapuram
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Dear All,
Please refer to the attached PF statement of an employee working as SG in my organization. There is a deviation (+/-) in monthly contribution by the employee as well as the employer. The basic salary of the employee remains the same throughout this period (Rs. 4174/-).
Thanks & Regards,
Manish Shrimali
Ranchi, Jharkhand
From India, Pune
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Please refer to the attached PF statement of an employee working as SG in my organization. There is a deviation (+/-) in monthly contribution by the employee as well as the employer. The basic salary of the employee remains the same throughout this period (Rs. 4174/-).
Thanks & Regards,
Manish Shrimali
Ranchi, Jharkhand
From India, Pune
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Dear,
It is not possible for any organization to reduce the amount of EPF. For the new joinees, you can implement the rule of keeping 65000 as the maximum basic for PF deduction. However, for the existing employees, the share cannot be reduced.
Regards, Everyjobs Team
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From India, Delhi
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It is not possible for any organization to reduce the amount of EPF. For the new joinees, you can implement the rule of keeping 65000 as the maximum basic for PF deduction. However, for the existing employees, the share cannot be reduced.
Regards, Everyjobs Team
For the latest jobs, visit Every Jobs | Find All jobs at http://www.everyjobs.com
You can join us on:
- Facebook: http://www.facebook.com/everyjobs2013
- Twitter: https://twitter.com/everyjobs2013
- LinkedIn: http://www.linkedin.com/groups?home=&gid=4855148&trk=anet_ ug_hm (Everyjobs | LinkedIn)
Also, send your resume to jobs@everyjobs.com.
From India, Delhi
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Yeah, it is rightly said that once you start deducting PF on the entire amount for a particular employee, you cannot reduce the PF contribution. However, you can start implementing this process for new joiners. You can consider a basic salary of Rs. 6500/- and deduct Rs. 780/- as PF, even if their basic salary is above Rs. 6500/-.
From India, Andheri
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From India, Andheri
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it z not true. deduction can be reduced by circulating notice among employee, employer & PF Office. The point is that employee should be agreed with the same.
From India, Faridabad
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From India, Faridabad
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Hi Rajan, Employer reserved this right means He will only Rs. 780/- (Basic - 6500) ever employee will pay any amount. But the employer will pay only Rs. 780/-. Rgds, Bhanu
From India, Calcutta
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From India, Calcutta
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