Dear Sir,
I want to know what the parameters are for membership in the PF scheme. If a company is registered with EPFO, is it necessary to deposit the PF of all employees? If an employee is drawing a basic salary of more than Rs. 6500/-, is it necessary to join membership in PF?
Please give an answer to the above, for which I shall be highly thankful.
Regards,
Sudhir
From India, Shimla
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I want to know what the parameters are for membership in the PF scheme. If a company is registered with EPFO, is it necessary to deposit the PF of all employees? If an employee is drawing a basic salary of more than Rs. 6500/-, is it necessary to join membership in PF?
Please give an answer to the above, for which I shall be highly thankful.
Regards,
Sudhir
From India, Shimla
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1. If an organization has 10 or more employees, it has to be registered with EPFO.
2. PF is calculated as 12% of basic + DA up to the limit of 6500/- only. Any employee can voluntarily contribute an additional 18% of his basic + DA, but the employer is not liable to make contributions over the statutory limit of 12%.
From India, Dehra Dun
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12. PF is calculated as 12% of basic + DA up to the limit of 6500/- only. Any employee can voluntarily contribute an additional 18% of his basic + DA, but the employer is not liable to make contributions over the statutory limit of 12%.
From India, Dehra Dun
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dear if company is registered under PF than employees whose basic+DA is less than 6500 at the time of joining are required to be made member of PF. regards j s malik
From India, Delhi
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From India, Delhi
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Dear Mr. Malik,
We need to get registered with PF voluntarily. Can you please let me know the rule/section under which it is mentioned that at the time of registration, it is required to make members only those who are drawing BASIC+DA less than Rs. 6500/-? Can anyone who is drawing more than Rs. 6500/- be a member voluntarily?
Your immediate reply is highly appreciated.
Mohandas
From India, Madras
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We need to get registered with PF voluntarily. Can you please let me know the rule/section under which it is mentioned that at the time of registration, it is required to make members only those who are drawing BASIC+DA less than Rs. 6500/-? Can anyone who is drawing more than Rs. 6500/- be a member voluntarily?
Your immediate reply is highly appreciated.
Mohandas
From India, Madras
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