Dear all,
As iam working in textile company. our company is deducting PF on basic pay of Rs.6500/-
only. But some of our employees whose salary is above Rs 6500/- wants to contribute PF, for which our company is not ready to contribute the share. So, please kindly let me know how and how much to deduct the amount from their salary and how to pay the challan.
So, please help me it's urgent.
Thanks & Regards
Reshma.A
From India, Tirupati
As iam working in textile company. our company is deducting PF on basic pay of Rs.6500/-
only. But some of our employees whose salary is above Rs 6500/- wants to contribute PF, for which our company is not ready to contribute the share. So, please kindly let me know how and how much to deduct the amount from their salary and how to pay the challan.
So, please help me it's urgent.
Thanks & Regards
Reshma.A
From India, Tirupati
Hi Reshma
If already the company is deducting on 6500/- then there is no issues. As part of the employee salary they can contribute on entire basic as voluntary contribution & company can restrict to 6500/- Here company will not loose anything but employee can save more as PF.
From India, Bangalore
639If already the company is deducting on 6500/- then there is no issues. As part of the employee salary they can contribute on entire basic as voluntary contribution & company can restrict to 6500/- Here company will not loose anything but employee can save more as PF.
From India, Bangalore
Hai sir,
One of our employee's salary is 28,000/-, if he wants to contribute his PF voluntarily, then his share will be 780+780=1560 is it correct. Then i have a doubt how to pay the challan for the same. Now the challan is paid in ECR format so how can i make it.
It will be greatful if you suggest me some examples on this.
And thanks a lot for your reply.
Thanks & Regards
Reshma.A
From India, Tirupati
One of our employee's salary is 28,000/-, if he wants to contribute his PF voluntarily, then his share will be 780+780=1560 is it correct. Then i have a doubt how to pay the challan for the same. Now the challan is paid in ECR format so how can i make it.
It will be greatful if you suggest me some examples on this.
And thanks a lot for your reply.
Thanks & Regards
Reshma.A
From India, Tirupati
Hai sir,
I understand that i have to deduct total amount from employees l.e., employer share too and then what about 1.61%.
1.61% is this should be deducted from employee, if then i have to deduct 25.6% from the employee right.
780+780+105(1.61%) is this correct.
Thanks & Regards
Reshma.A
From India, Tirupati
I understand that i have to deduct total amount from employees l.e., employer share too and then what about 1.61%.
1.61% is this should be deducted from employee, if then i have to deduct 25.6% from the employee right.
780+780+105(1.61%) is this correct.
Thanks & Regards
Reshma.A
From India, Tirupati
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PF Contribution on Leave Encashment - Clarification by EPFO.pdf
Voluntary PF.doc