Dear All Friends, Please provide information regarding compulsary slab of EPF Contribution. ( i.e. COMPULSARY CONTRIBUTION BY EMPLOYER).:razz: Thanks & regards, Parimal
From India, Delhi
From India, Delhi
167
In which employee contribution will be 12% of basic+da towards pf and employer 3.67% towards pf and 8.33% towards pension fund
From India, Delhi
From India, Delhi
Dear Parimal,
I would like to correct the wording written by Mr. J.S.Malik that EPF is applicable salary upto 6500 or less(means Basic+DA per month) at the time of their joining and it is applicable to organisation having 20 or more employee.
-Incase both above terms is not comply then voluntarily an organisation can avail this facility ,they can be part of the EPF by requesting to EPF organisation.
-Once an employee registered under the EPF organisation then he/she has to deduct PF from its salary even salary is above the 6500/month(example; A employee joined the organisation at the salary per month 4000 and he is liable to deduct PF amount form his salary and after two years his salary has been revised upto 9000 per months(however as a principle,Pf is not applicable because he cross the 6500/month but there is law limit to restrict this act) and he still a part of PF and PF to be deducted from his salary until he is working in the same organisation.).
Incase of any quires,please contact to me for more details.
From India, Delhi
I would like to correct the wording written by Mr. J.S.Malik that EPF is applicable salary upto 6500 or less(means Basic+DA per month) at the time of their joining and it is applicable to organisation having 20 or more employee.
-Incase both above terms is not comply then voluntarily an organisation can avail this facility ,they can be part of the EPF by requesting to EPF organisation.
-Once an employee registered under the EPF organisation then he/she has to deduct PF from its salary even salary is above the 6500/month(example; A employee joined the organisation at the salary per month 4000 and he is liable to deduct PF amount form his salary and after two years his salary has been revised upto 9000 per months(however as a principle,Pf is not applicable because he cross the 6500/month but there is law limit to restrict this act) and he still a part of PF and PF to be deducted from his salary until he is working in the same organisation.).
Incase of any quires,please contact to me for more details.
From India, Delhi
Any employee whose basic salary + DA is less than equal to Rs. 6500/- is liable for PF contribution and employer is bound to deduct and pay his contribution part to PF department.
Regards
Pankaj Chandan
From India, New delhi
Regards
Pankaj Chandan
From India, New delhi
Dear RNS, Please read the post fully, they have mentioned clealy PF should be deducted 12% on (Basic + DA).
From India, Madras
From India, Madras
Dear All,
As Mr Parimal said employee is bound to contribute PF if his basic salary incresed more than 6500/month until he is in the same co, he was contrbuting to PF untill he was in his previous organization but now he has joined new organization and his basic salary is more than 6500/month does he still need to contribute ?
From India, Mumbai
As Mr Parimal said employee is bound to contribute PF if his basic salary incresed more than 6500/month until he is in the same co, he was contrbuting to PF untill he was in his previous organization but now he has joined new organization and his basic salary is more than 6500/month does he still need to contribute ?
From India, Mumbai
Hi friends,
1. Mr. Sajid Ansari has answerd the query to the point but his last sentence has again left the core question un-answered. Taking the example set by him, I would like to know that, after the salary is revised from Rs.4000/-pm to 9000/-pm will the EPF deduction be restricted to the ceiling of 6500/-pm or it will continue to be deducted on actual salary drawn (B+DA) i.e. 9000/-.
2. Can any one help me out in finding this clause in the EPF ACT or any notification thereof.
3. Further, I am interested in knowing whether and how is EPF applicable where employees are paid on piece rate basis.
Thankyou
Rustom Patel
AGM-HR & Admn
From India, Patna
1. Mr. Sajid Ansari has answerd the query to the point but his last sentence has again left the core question un-answered. Taking the example set by him, I would like to know that, after the salary is revised from Rs.4000/-pm to 9000/-pm will the EPF deduction be restricted to the ceiling of 6500/-pm or it will continue to be deducted on actual salary drawn (B+DA) i.e. 9000/-.
2. Can any one help me out in finding this clause in the EPF ACT or any notification thereof.
3. Further, I am interested in knowing whether and how is EPF applicable where employees are paid on piece rate basis.
Thankyou
Rustom Patel
AGM-HR & Admn
From India, Patna
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EPF ON LINE REGN. USER MANUAL.pdf