Is this necessary for a company to deduct Provident Fund (PF) from an employee’s salary if employee is not interested for Provident Fund (PF)?
From India, Delhi
From India, Delhi
If his basic salary is more then 6500/- then not necessary for a company to deduct Provident Fund.
From India, Mangaluru
From India, Mangaluru
Basic or salary above 6500 no need but if he have worked before and pf deducted and not withdrawn than its necessery
From India, Faridabad
2From India, Faridabad
Hi, I have a querry, my team size will cross 20 pretty soon...The lowest salary in our firm is INR 350,000 per anum..Our we required by law to go in for PF... Thanks Tarang
From India, Mumbai
From India, Mumbai
I have been working in a Pvt. Ltd. company from last 1.6 years, company's employee strength is more than 20. When I joined the company and inquired about the PF facility they told me they don't provide PF. My basic as per my appointment letter is 13500/- I wanted to opt for PF but as my employer said that they don't provide PF I had no other option but to accept the appointment as I was in need of a job at that time and also I was unaware of PF rules and laws. Now, one fine day I applied for a car loan for which I was required to present my salary slip and I came across this unusual figure that my basic as per my salary slip is 12000/-. The employer has still not given any satisfactory answer to me about this error.
Another day my employer distributed a form some thing related to PF and told us please will all your details who so ever is interested in obtaining PF we filled the form and submitted to our accountant. Now my query is am I entitled for PF whenever I leave this organisation ?
Also there have been many instances when my employer gave away some part of total salary in Cash. Is it really OK to give away some part of salary in cash? And last thing that I want to mention is I have to request for my salary slip time and again my employer is always hesitant in providing me my monthly salary slip. I have seen that on papers 6500/- been given to peons and guards as salary but actually they just receive not more than 3000/- what is this all about is their any kind of fraud going on to save TAX etc?
I will appreciate some of the experts here to please comment on this and provide me the exact rules and regulations.
Thanks
From India, Lucknow
Another day my employer distributed a form some thing related to PF and told us please will all your details who so ever is interested in obtaining PF we filled the form and submitted to our accountant. Now my query is am I entitled for PF whenever I leave this organisation ?
Also there have been many instances when my employer gave away some part of total salary in Cash. Is it really OK to give away some part of salary in cash? And last thing that I want to mention is I have to request for my salary slip time and again my employer is always hesitant in providing me my monthly salary slip. I have seen that on papers 6500/- been given to peons and guards as salary but actually they just receive not more than 3000/- what is this all about is their any kind of fraud going on to save TAX etc?
I will appreciate some of the experts here to please comment on this and provide me the exact rules and regulations.
Thanks
From India, Lucknow
hi, can any one tell me the breakup of the 12% of provident fund deduction from employers as well as employee side.
From India, Gurgaon
From India, Gurgaon
hi... plz tell me for annual return form of PF we need to fill net payable salary to employee or basic salary of employee....in the column of Amount of wages of form-3A... please tell me thank you
From India, Thana
From India, Thana
Hi,........ I want to know that If any employer wish to stop the PF Facilities to the employees, then did it required to add Er’s PF share to employees Gross salary?
From India, Mumbai
From India, Mumbai
SIR,
Can any body say me about "INOPERATIVE P.F.Account" ? So far my knowledge the accounts of such emplotyees who have been retired/resigned/ Expired but has not withdrawn his P.F.ACCUMULATION since last three years , are called inoperative p.f.accounts. But if the Establishment is under suspension of work since last three years and the employees have not resigned then whether their P.F.ACCOUNT will be treated as "Inoprative Account".Please clearify it at earliest.
Thanking you,
M.K.HARSHA
From India, Calcutta
Can any body say me about "INOPERATIVE P.F.Account" ? So far my knowledge the accounts of such emplotyees who have been retired/resigned/ Expired but has not withdrawn his P.F.ACCUMULATION since last three years , are called inoperative p.f.accounts. But if the Establishment is under suspension of work since last three years and the employees have not resigned then whether their P.F.ACCOUNT will be treated as "Inoprative Account".Please clearify it at earliest.
Thanking you,
M.K.HARSHA
From India, Calcutta
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PF Calculation Sheet To The Subscribers At the Time Of Provident Fund Withdrawal.pdf
PF-Know Employees Provident Fund-CHART-L-4. doc