Can anybody tell me about compulsory deduction of PF amount whihc was earlier Rs.6500/-. Is there any change in this limit.
From India, Delhi
From India, Delhi
Hi Niranjan, PT is deducting on total gross pay, that amount also added if u sanctioned leave. Sandhya K
From India, Hyderabad
From India, Hyderabad
Dear All,
There is no any ceiling of salary for PF deduction. Only It is not mandatory by law to deduct the PF contribtuion on above salary/wages from Rs.6500/-. The employee may deduct his own contribution volunterlly but if employer wants he can restrict his share upto the salary /wages limit of Rs.6500/-.
Regards,
Ajay Shukla
Labour Laws Consultant, Kanpur
09839066035
From India, Calcutta
5There is no any ceiling of salary for PF deduction. Only It is not mandatory by law to deduct the PF contribtuion on above salary/wages from Rs.6500/-. The employee may deduct his own contribution volunterlly but if employer wants he can restrict his share upto the salary /wages limit of Rs.6500/-.
Regards,
Ajay Shukla
Labour Laws Consultant, Kanpur
09839066035
From India, Calcutta
Hi You can deduct more than 12 % from employee if the employee is wishing to do so , however employer will not contribute any thing. RK
From United States, Bentonville
From United States, Bentonville
Substance , the employee PF contribution can be maximum upto 20% of his basis salary( by giving a written declaration to his existing employer ) but employer contibution is mandatory upto 12% of employee basis salary .
Thanks & Regards,
AK sharma
From India, Pune
Thanks & Regards,
AK sharma
From India, Pune
As per Employees Provident Fund Scheme the coverage is for the employees whose salary(basic+DA) or consolidated pay is upto Rs.6500/-PM. Employee can request for voluntary contribution for which no contributory benefit from employer is permitted.
However, the organization can include/cover employees drawing more than Rs.6500/-if they have such policy(with equal percent of contribution)
From India, Kochi
However, the organization can include/cover employees drawing more than Rs.6500/-if they have such policy(with equal percent of contribution)
From India, Kochi
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PF Notification for enhancement of wage ceiling & Pension wef 1-Sep-14.pdf