Dear all,
My name is Anup Ojha, and I am currently working with a construction company. I have some concerns regarding PF deductions. What should I do when an employee earns more than Rs 15,000 per month? Is it necessary to deduct the PF in such cases, and if not, how should I proceed with the PF deduction for them?
Thank you.
From India, Mumbai
2My name is Anup Ojha, and I am currently working with a construction company. I have some concerns regarding PF deductions. What should I do when an employee earns more than Rs 15,000 per month? Is it necessary to deduct the PF in such cases, and if not, how should I proceed with the PF deduction for them?
Thank you.
From India, Mumbai
Dear Anup Ojha,
Generally, the salary for PF deduction means Basic + DA only. For those already registered for PF, salary doesn't matter. In case of fresh joining, those drawing a salary up to Rs. 15,000 will come under PF. The above statement is regarding statutory obligations. If the employee and employer wish, there is no restriction on the salary to contribute to PF.
Abbas.P.S
From India, Bangalore
Generally, the salary for PF deduction means Basic + DA only. For those already registered for PF, salary doesn't matter. In case of fresh joining, those drawing a salary up to Rs. 15,000 will come under PF. The above statement is regarding statutory obligations. If the employee and employer wish, there is no restriction on the salary to contribute to PF.
Abbas.P.S
From India, Bangalore
Thank you, sir.
I would like to understand how to calculate the PF deduction when an employee earns a salary ranging from Rs. 30,000 to Rs. 40,000. Could you provide an example to illustrate this calculation and show where this amount should be reflected in the salary sheet according to company regulations?
From India, Mumbai
I would like to understand how to calculate the PF deduction when an employee earns a salary ranging from Rs. 30,000 to Rs. 40,000. Could you provide an example to illustrate this calculation and show where this amount should be reflected in the salary sheet according to company regulations?
From India, Mumbai
Sir I want to learn Online PF and ESI challen generate. So please help me in this. Till the date my consulate made this but I need to learn.
From India, Bangalore
From India, Bangalore
Dear Anup,
1) If the PFable salary at the time of joining is Rs. 15001 or more per month, you do not need to cover them.
2) In the second category, if the basic salary (plus DA if your company is paying) is less than Rs. 15000 per month, then employees should fall under the PF limit.
3) If employees have been working with your company for many years and their PFable salary exceeds Rs. 15000 monthly, they will be under the PF coverage.
4) If an employee has been with your organization for several years and was previously under PF coverage, and with yearly salary increases, their PF salary now exceeds Rs. 15000 per month, you must continue to cover them under PF.
Regards,
RDS Yadav
Management Consultant and Trainer
+91-9634532026
From India, Bareilly
1) If the PFable salary at the time of joining is Rs. 15001 or more per month, you do not need to cover them.
2) In the second category, if the basic salary (plus DA if your company is paying) is less than Rs. 15000 per month, then employees should fall under the PF limit.
3) If employees have been working with your company for many years and their PFable salary exceeds Rs. 15000 monthly, they will be under the PF coverage.
4) If an employee has been with your organization for several years and was previously under PF coverage, and with yearly salary increases, their PF salary now exceeds Rs. 15000 per month, you must continue to cover them under PF.
Regards,
RDS Yadav
Management Consultant and Trainer
+91-9634532026
From India, Bareilly
Dear all,
First of all, Happy New Year to all! Please help. My company has started the PF procedure this month, and I need to inform all employees in writing (formal information) about PF deduction. PF was already deducted in December. Can you please help me with the format for the circular so that I can distribute it to the team?
From India, Gurgaon
First of all, Happy New Year to all! Please help. My company has started the PF procedure this month, and I need to inform all employees in writing (formal information) about PF deduction. PF was already deducted in December. Can you please help me with the format for the circular so that I can distribute it to the team?
From India, Gurgaon
Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
Salary Sheet & PF PT Calculation & Challan Nov 2010.xls