Hi All,
I need to structure 3.5 salary but without pf . My company strength is 50 people.
Need a salary slip and structure of 3.5 lakhs.
How much tax should be deducted?
My company is a trading firm and they don't have policy of pf ? Is it necessary to have pf?
I am a new HR here and new to compensations and benefits?
PLEASE ENLIGHTEN ME!!
From India, New Delhi
I need to structure 3.5 salary but without pf . My company strength is 50 people.
Need a salary slip and structure of 3.5 lakhs.
How much tax should be deducted?
My company is a trading firm and they don't have policy of pf ? Is it necessary to have pf?
I am a new HR here and new to compensations and benefits?
PLEASE ENLIGHTEN ME!!
From India, New Delhi
Hi Share list of Employees with their salary, I’ll prepare and send you the payout and TDS workings. You can use the same sheet every month as it will be formulated. Regards Karthik
From India, Vijayawada
80From India, Vijayawada
PF is exempt for any employee whose salary is above Rs. 6500 provided he does not have an existing PF Account.
It applies to all companies where 20 or more employees are working or working (once PF applies, it will continue to apply)
If you do not wish to pay PF, you will need to ensure that everyone has salary above 6500 per month (Basic + DA only), and take a declaration from them in the prescribed form (given in the PF Act) asking for exemption. They need to aslo declare that they do not have any PF account existing in any previous employment.
From India, Mumbai
It applies to all companies where 20 or more employees are working or working (once PF applies, it will continue to apply)
If you do not wish to pay PF, you will need to ensure that everyone has salary above 6500 per month (Basic + DA only), and take a declaration from them in the prescribed form (given in the PF Act) asking for exemption. They need to aslo declare that they do not have any PF account existing in any previous employment.
From India, Mumbai
Hi
The declaration should be in form II for PF exemption, Every employee above 6500 Basic salary whoare not covered under PF should fill Form II.
There is a GO which clearly states that the Employer has to pay PF for employees whose Basic Salary is above 6500. The exemption is applicable for employees who are not covered under PF in their earlier companies also.
Please find the attached Form II & GO copy.
Regards
Karthik
From India, Vijayawada
The declaration should be in form II for PF exemption, Every employee above 6500 Basic salary whoare not covered under PF should fill Form II.
There is a GO which clearly states that the Employer has to pay PF for employees whose Basic Salary is above 6500. The exemption is applicable for employees who are not covered under PF in their earlier companies also.
Please find the attached Form II & GO copy.
Regards
Karthik
From India, Vijayawada
Hi All,
I need to structure 25000 monthly salary but without pf, hra, da.
Actually I got 15000 in cheque else in cash.
Need a salary slip and structure of 25000 thousand monthly.
How much tax should be deducted?
My company is a trading firm and they don't have policy of pf ? Is it necessary to have pf?
From India, New Delhi
I need to structure 25000 monthly salary but without pf, hra, da.
Actually I got 15000 in cheque else in cash.
Need a salary slip and structure of 25000 thousand monthly.
How much tax should be deducted?
My company is a trading firm and they don't have policy of pf ? Is it necessary to have pf?
From India, New Delhi
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Creating a Competitive Salary Structure.doc
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