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
1From India, Mumbai
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
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
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
From India, New Delhi
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
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
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
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
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
From India, Mumbai
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
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
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
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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