Hi, can anybody let me know whether PF deductions is not compulsory for those employees who’s gross salary is above 15000/-? Aarti
From India, Mumbai
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1From India, Mumbai
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What is the relevance of your question? What is the importance of Rs. 15000 salary in EPF? Abbas.P.S
From India, Bangalore
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From India, Bangalore
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Ohh mam hru koi mail nahi bht dino se kya baat hai?
Pf will dedct on basic salary nt on gross
n basic amt shld 6500/-or less thn tht if employees r gettng more thn 6500/- basic thn it will depnd on eplmoyr whethr they want to give pf facility or nt
if u didnt understnd thn u ask again
ashish
delhi7838606486
From India, New Delhi
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Pf will dedct on basic salary nt on gross
n basic amt shld 6500/-or less thn tht if employees r gettng more thn 6500/- basic thn it will depnd on eplmoyr whethr they want to give pf facility or nt
if u didnt understnd thn u ask again
ashish
delhi7838606486
From India, New Delhi
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Hey abbas if u knw thn simpky reply fr tht thrad she dnt knw tht is y she is askng we r here to shre our knwkdge n to learn bt dnt telll to any one tht questiin is nt relavant ashish
From India, New Delhi
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From India, New Delhi
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Dear Aarti,
PF Calculation is based on Basic Salary & not on Gross. Under PF Act we have a ceiling of Rs.6500 on basic, for every employe whose salary is more than Rs.6500 can opt for pf deduction by filling for 11.
And he/or she is also liable to receive employer contribution towards pf menioned on his offer letter as PF Allowance.
Regards,
Prafull
From India, Mumbai
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PF Calculation is based on Basic Salary & not on Gross. Under PF Act we have a ceiling of Rs.6500 on basic, for every employe whose salary is more than Rs.6500 can opt for pf deduction by filling for 11.
And he/or she is also liable to receive employer contribution towards pf menioned on his offer letter as PF Allowance.
Regards,
Prafull
From India, Mumbai
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Hi Abhas,
I asked this question because in my company we dont deduct PF of those employees who's gross is more than 15000/-
Basic 50% of gross i.e 7500/-
I had a confusion so asked and you should not have replied if you felt its was not relevant.
Aarti
From India, Mumbai
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I asked this question because in my company we dont deduct PF of those employees who's gross is more than 15000/-
Basic 50% of gross i.e 7500/-
I had a confusion so asked and you should not have replied if you felt its was not relevant.
Aarti
From India, Mumbai
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Hi Thanks for your reply. So the employees who’s basic is more than 6500 are exempted from the PF deduction? or its voluntary on their part? Aarti
From India, Mumbai
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From India, Mumbai
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Hi Aarti,
This Site is especially meant for those who come up with queries, nd we all appreciate those who provide their reply & share their knowledge which is useful for a beginner.
So, dont hesitate to ask ur queries if you get any obsebce reply.
Nd i hope you have clear your doubt.
Regards,
Prafull
From India, Mumbai
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This Site is especially meant for those who come up with queries, nd we all appreciate those who provide their reply & share their knowledge which is useful for a beginner.
So, dont hesitate to ask ur queries if you get any obsebce reply.
Nd i hope you have clear your doubt.
Regards,
Prafull
From India, Mumbai
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Dear Aarti,
Yes, Employee can voluntarily contribute towards pf equivalent to 12% of their Basic Salary apart from usual ded which is also 12% of Basic Salary.
And dont get confused between Basic & Gross because in pf calculation we only consider employee's basic salary.
Regards,
Prafull
Regards,
Prafull
From India, Mumbai
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Yes, Employee can voluntarily contribute towards pf equivalent to 12% of their Basic Salary apart from usual ded which is also 12% of Basic Salary.
And dont get confused between Basic & Gross because in pf calculation we only consider employee's basic salary.
Regards,
Prafull
Regards,
Prafull
From India, Mumbai
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