HELLO MEMBERS PF CONTRIBUTION can any employers deducate the employee and employer contribution from employee salary? and its legal?? Thanks
From India, Surat
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From India, Surat
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Hi, 1. Employee contribution is part of salary and employer contribution is part of CTC. from employee’s gross salary employer contribution should not be deduct, that practice is illegal.
From India, Mumbai
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429From India, Mumbai
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Nowadays, most companies talk about CTC (Cost to Company) salary and hire. Hence, any costs pertaining to the employee, whether statutory or otherwise, are included in CTC. It is advisable to negotiate salary on a take-home basis.
From India, Ahmadabad
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From India, Ahmadabad
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Employee PF Contribution can be duducted, but not employer PF contribution from monthly salary....but some employers may include their pf contribution to the yearly CTC....check ur appointment.
From India, Bangalore
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From India, Bangalore
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Regarding PF contribution, you have stated that it is purely at the discretion of the employer. This is not entirely accurate. The employee's share is contributed by the employee, and the employer's share is also contributed by the employee, and both amounts are remitted together to the EPFO.
Reference: https://www.citehr.com/503861-pf-con...#ixzz3BXqJemtA
Regards
From India, Nellore
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Reference: https://www.citehr.com/503861-pf-con...#ixzz3BXqJemtA
Regards
From India, Nellore
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Legally, it is the management's liability, and it is mandatory for the management/employer to contribute the employer's share. The amount may be shown in CTC. Some unfair employers (I won't say unscrupulous) deduct the employer's share from the employee. It is illegal, unfair, and a violation of the PF Act.
From India, Jamshedpur
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From India, Jamshedpur
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PF Contribution Components
PF is a social welfare scheme for employees. It has three components:
1. Employee's contribution
2. Employer's contribution
3. Interest earned/applicable
All these components are for the employees' secured future. Therefore, the employer has the obligation to pay their contribution and ensure the PF is deposited timely and accurately.
From India, Vadodara
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PF is a social welfare scheme for employees. It has three components:
1. Employee's contribution
2. Employer's contribution
3. Interest earned/applicable
All these components are for the employees' secured future. Therefore, the employer has the obligation to pay their contribution and ensure the PF is deposited timely and accurately.
From India, Vadodara
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Salary Sheet & PF PT Calculation & Challan Nov 2010.xls
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