Hello,
Is it compulsory for an employee to fill up the PF form if he wants PF to be deducted.
I have seen companies who do not make an employee fill up PF registration form but then too their PF is being deducted from their salary!!
Which form needs to be filled for PF?
Please guide me on this topic..
From India, Mumbai
Is it compulsory for an employee to fill up the PF form if he wants PF to be deducted.
I have seen companies who do not make an employee fill up PF registration form but then too their PF is being deducted from their salary!!
Which form needs to be filled for PF?
Please guide me on this topic..
From India, Mumbai
Hello Hetal, Form No. 2 has to be filled in by new joinee for the declaration & nomination for EPF/ Pension. The same should be submitted to concerned RPFC. Regards, Vishal
From India, Bharuch
3From India, Bharuch
hello everyone, i have recently completed my mba with hr. and i dont have so much knowledge about pf deduction. please guide me . Regards, Divya
From India, Pune
From India, Pune
Dear Divya,
The ceiling limit of PF is 6500/-
PF contribution is submitted under these Heads:-
1. A/c I 12% (Employee’s Share)
2. A/c I 3.67% ( Employer’s Share)
3. A/c II 1.10% (Admin Charges)
4. A/c X 8.33% (Pension)
5. A/c XXI 0.50% (EDLI)
6. A/c XXII 0.01% ( Admin Charges on EDLI)
(2, 3, 4, 5 & 6 are the Employer’s Share)
If the Basic is 6500/- than employee's contribution will be 780/-
If the Basic is Less than 6500/- than employee's contribution will be 12% of of Basic.
If the Basic is more than 6500/- than its totally depend on Employee, He/She wants the dudction on the ceiling limit(6500) or 12% of their Basic.
I think it will helps u,
Regards
Kartikey Saxena
From India, Delhi
The ceiling limit of PF is 6500/-
PF contribution is submitted under these Heads:-
1. A/c I 12% (Employee’s Share)
2. A/c I 3.67% ( Employer’s Share)
3. A/c II 1.10% (Admin Charges)
4. A/c X 8.33% (Pension)
5. A/c XXI 0.50% (EDLI)
6. A/c XXII 0.01% ( Admin Charges on EDLI)
(2, 3, 4, 5 & 6 are the Employer’s Share)
If the Basic is 6500/- than employee's contribution will be 780/-
If the Basic is Less than 6500/- than employee's contribution will be 12% of of Basic.
If the Basic is more than 6500/- than its totally depend on Employee, He/She wants the dudction on the ceiling limit(6500) or 12% of their Basic.
I think it will helps u,
Regards
Kartikey Saxena
From India, Delhi
Is it compulsory to use debit card or money withdrawal form to withdraw money from ATM/Bank??
Well I request you to visit official website of EPF to know about the rules & regulations and all the condition comes under the ACT
EPFO <link updated to site home>
EPFO <link updated to site home>
Divya, Mr. Saxena has shared really good information but I request you to please visit the official website of EPF bcz I blv this is the very first and best option to know about the conditions, rules and regulations.
And if you wanna learn more about it, would suggest you to follow the threads/posts of this subject and read regularly which enhance your knowledge and lot more..
From India, Gurgaon
Well I request you to visit official website of EPF to know about the rules & regulations and all the condition comes under the ACT
EPFO <link updated to site home>
EPFO <link updated to site home>
Divya, Mr. Saxena has shared really good information but I request you to please visit the official website of EPF bcz I blv this is the very first and best option to know about the conditions, rules and regulations.
And if you wanna learn more about it, would suggest you to follow the threads/posts of this subject and read regularly which enhance your knowledge and lot more..
From India, Gurgaon
The employer has to give to the employee Form No 2 usevally it is called nomination declaration form Lakshmi 9866917232
From India, Hyderabad
From India, Hyderabad
Shri. Anil Arora ji,
Board Moderator
Respected Sir,
Mr. Saxena ji has shared really good information but it is out of context to the query.
Also his last sentence i.e. "If the Basic is more than 6500/- then its totally depend on Employee, He/She wants the dudction on the ceiling limit(6500) or 12% of their Basic" and wrong and misleading as to fact of law.
If the Basic is more than 6500/- at the time of joining the employment and the employee is not a member of PF before, in this case only the employee has an option whether to go for PF or not. Also to contribute on more than 6500 joint request in writting to an officer not below the rank of APFC is necessary.
As regards to answer to queriest, Vishal ji has given a correct answer. Employee who is becoming a member of PF, has to fill Form 2 i.e. Declaration and Nomination Form. The employer has to take Form 11 from all the employees whether they are member of PF or not. From this form, the employer has the determine whether the employee is eligible to join the PF or not.
This posting (in reponse to your posting) is made by me so that the members will come to know the exact position of law and not to pin point on your response.
I remain.
From India, Mumbai
Board Moderator
Respected Sir,
Mr. Saxena ji has shared really good information but it is out of context to the query.
Also his last sentence i.e. "If the Basic is more than 6500/- then its totally depend on Employee, He/She wants the dudction on the ceiling limit(6500) or 12% of their Basic" and wrong and misleading as to fact of law.
If the Basic is more than 6500/- at the time of joining the employment and the employee is not a member of PF before, in this case only the employee has an option whether to go for PF or not. Also to contribute on more than 6500 joint request in writting to an officer not below the rank of APFC is necessary.
As regards to answer to queriest, Vishal ji has given a correct answer. Employee who is becoming a member of PF, has to fill Form 2 i.e. Declaration and Nomination Form. The employer has to take Form 11 from all the employees whether they are member of PF or not. From this form, the employer has the determine whether the employee is eligible to join the PF or not.
This posting (in reponse to your posting) is made by me so that the members will come to know the exact position of law and not to pin point on your response.
I remain.
From India, Mumbai
Shri. Anil Arora ji,
Board Moderator
Respected Sir,
Thank you very much for your response to my post. Thank you very much for your kind words appreciating me.
With due respect to you Sir, I submit as under:
I happen to see this old thread after 18 months. Post by Divya dated 24.06.2013 drew my attention to this thread.
I have gone through the links. I have my own views according to which Method- 2 is not correct. This is because, law says there should to equal contribution by both – employee and employer.
Employee can contribute more than 12 % on voluntarily. That is called as VPF.
Lastly, due care is taken by me always before posting any thing to prevent wrong information.
From India, Mumbai
Board Moderator
Respected Sir,
Thank you very much for your response to my post. Thank you very much for your kind words appreciating me.
With due respect to you Sir, I submit as under:
I happen to see this old thread after 18 months. Post by Divya dated 24.06.2013 drew my attention to this thread.
I have gone through the links. I have my own views according to which Method- 2 is not correct. This is because, law says there should to equal contribution by both – employee and employer.
Employee can contribute more than 12 % on voluntarily. That is called as VPF.
Lastly, due care is taken by me always before posting any thing to prevent wrong information.
From India, Mumbai
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HC All - Trainees not covered for PF -2010.pdf
PF Ledger.xls