Dear Seniors,
Kindly suggest to me on the below-mentioned issue. I'm deducting PF on basic 6500 as per the government ceiling. If the basic is higher than 6500, can I mention the same basic and deduct PF for 6500 only, i.e., 780, irrespective of the actual basic amount? For example, if the basic is 10000 but PF is deducted for 6500, i.e., 780. In this case, can I mention in the payslip the basic amount as 10000 and PF as 780? If not, how should I split the salary? Please advise.
From India, Hyderabad
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2Kindly suggest to me on the below-mentioned issue. I'm deducting PF on basic 6500 as per the government ceiling. If the basic is higher than 6500, can I mention the same basic and deduct PF for 6500 only, i.e., 780, irrespective of the actual basic amount? For example, if the basic is 10000 but PF is deducted for 6500, i.e., 780. In this case, can I mention in the payslip the basic amount as 10000 and PF as 780? If not, how should I split the salary? Please advise.
From India, Hyderabad
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Hi , in pay slip you need to mention the actual basic what ever is the amount. and 780 you can show as deduction towards PF . Where is the issue . Regards Rajeev Dixit
From India, Bangalore
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From India, Bangalore
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Hi, you can show the PF deduction 780/- irrespective your actual basic, you can show the actual basic, pf deduction 780/-
From India, Hyderabad
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From India, Hyderabad
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Thanks, Rajeev & Ashok.
I have another query, i.e., should I mention any note in the payslip or CTC breakup sheet that I'm deducting PF based on the government ceiling of 6500? Employees have been asking what they should mention about the PF deduction percentage if they move to other companies.
From India, Hyderabad
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I have another query, i.e., should I mention any note in the payslip or CTC breakup sheet that I'm deducting PF based on the government ceiling of 6500? Employees have been asking what they should mention about the PF deduction percentage if they move to other companies.
From India, Hyderabad
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No need to mention like that, you can say the same things when you have small meetings, while observing the employees.
From India, Hyderabad
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From India, Hyderabad
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No its not required to mention that way . You can convey this orally when asked . Regards Rajeev Dixit
From India, Bangalore
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From India, Bangalore
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Dear Ashok, Is there any problem if i mention note below CTC as well as Pay slip that PF is calculated on Basic of 6500. Regards Ramya
From India, Hyderabad
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From India, Hyderabad
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Dear Ashok & Rajeev,
Thank you for your reply. The employees are not satisfied with oral communication; they want the information in written format. They believe that showing the payslip in written form will make it more credible to other companies. Are there any legal issues related to mentioning or not mentioning this information?
From India, Hyderabad
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Thank you for your reply. The employees are not satisfied with oral communication; they want the information in written format. They believe that showing the payslip in written form will make it more credible to other companies. Are there any legal issues related to mentioning or not mentioning this information?
From India, Hyderabad
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