Dear friends, IS there any kind of notice that PF will be deduct in gross salary ........
From India, Mumbai
From India, Mumbai
What is ur gross salary. If less than 15000 then PF will be deducted on gross salary otherwise 12% of 15000
From India, Chandigarh
1From India, Chandigarh
PF is Deducted on Basic +DA.Not on gross salary.If am not wrong.
The employees, who were drawing salary beyond Rs. 6,500/- per month (p.m.) and less than Rs. 15,000/- p.m., were excluded employee within the meaning of Para 2(f) of the Employees’ Provident Funds Scheme (EPF Scheme), 1952 up to 31st August, 2014. Consequent upon the enhancement of wage ceiling to Rs.15,000/- per month, all such employees have become eligible to be member of the Fund from 1st September 2014. EPF contribution in respect of such employees for the wage month of September 2014 is payable by 15th October, 2014.
Emoluments, for the purposes of reckoning the wage-ceiling of Rs.15,000/- p.m., means all components of emoluments payable in cash to an employee during the month excluding: (a) House Rent Allowance (b) Over Time Allowance (c) Bonus (d) Commission or similar allowance (e) Any presents made by employer For example: Employees - A Basic wage 12000 Dearness Allowance 3000 Retaining Allowance - House Rent Allowance 2000 Over Time Allowance 1000 Bonus 2000 Conveyance Allowance 5000 Presents - Employee A:Eligible for membership of the Fund as basic wages and dearness allowance are Rs.15000/- or less p.m. Employee B: Basic wages 13000 Dearness Allowance 3000 Retaining Allowance - House Rent Allowance 1000 Over Time Allowance 2000 Bonus 1000 Conveyance Allowance 5000 Presents -. Employee B: Not eligible for membership of the Fund as basic wages and dearness allowance are above Rs.15000/- p.m.
For More Details Pls refer to epfo Website.
From India, Vadodara
The employees, who were drawing salary beyond Rs. 6,500/- per month (p.m.) and less than Rs. 15,000/- p.m., were excluded employee within the meaning of Para 2(f) of the Employees’ Provident Funds Scheme (EPF Scheme), 1952 up to 31st August, 2014. Consequent upon the enhancement of wage ceiling to Rs.15,000/- per month, all such employees have become eligible to be member of the Fund from 1st September 2014. EPF contribution in respect of such employees for the wage month of September 2014 is payable by 15th October, 2014.
Emoluments, for the purposes of reckoning the wage-ceiling of Rs.15,000/- p.m., means all components of emoluments payable in cash to an employee during the month excluding: (a) House Rent Allowance (b) Over Time Allowance (c) Bonus (d) Commission or similar allowance (e) Any presents made by employer For example: Employees - A Basic wage 12000 Dearness Allowance 3000 Retaining Allowance - House Rent Allowance 2000 Over Time Allowance 1000 Bonus 2000 Conveyance Allowance 5000 Presents - Employee A:Eligible for membership of the Fund as basic wages and dearness allowance are Rs.15000/- or less p.m. Employee B: Basic wages 13000 Dearness Allowance 3000 Retaining Allowance - House Rent Allowance 1000 Over Time Allowance 2000 Bonus 1000 Conveyance Allowance 5000 Presents -. Employee B: Not eligible for membership of the Fund as basic wages and dearness allowance are above Rs.15000/- p.m.
For More Details Pls refer to epfo Website.
From India, Vadodara
No its not like that........based on wage structure also it will differ, for example HRA is exempted for EPF....
From India, Coimbatore
From India, Coimbatore
Dear Mr. sandeep, dont write wrong information and confuse other members if you are not sure about the act.
Dear Manoj,
PF should be deducted only on Basic + DA. Not on gross salary.
But the whoever gross salary is less than 15000/- are to be covered under the act compulsory.
Go through the below link which has the EPF act and read section 2 b
http://www.epfobbs.gov.in/pdf/EPF%20...ct,%201952.pdf
From India, Chennai
Dear Manoj,
PF should be deducted only on Basic + DA. Not on gross salary.
But the whoever gross salary is less than 15000/- are to be covered under the act compulsory.
Go through the below link which has the EPF act and read section 2 b
http://www.epfobbs.gov.in/pdf/EPF%20...ct,%201952.pdf
From India, Chennai
There is a court decision by some high courts that PF will be deducted including all allowances. However there are other high court decisions that go the other way. The Supreme Court will soon be giving its decision on the matter.
Meanwhile there is an amendment proposed by the central government to amend the PFact after which all PF deduction will be on gross wages. However this is just a proposal and has not even been introduced in the Parliament. You therefore need to await a formal announcement when the act gets passed.
From India, Mumbai
Meanwhile there is an amendment proposed by the central government to amend the PFact after which all PF deduction will be on gross wages. However this is just a proposal and has not even been introduced in the Parliament. You therefore need to await a formal announcement when the act gets passed.
From India, Mumbai
Dear Mr. Pilania, Question is whether PF deduction would be on gross salary i.e. with allowances or basic pay i.e. without allowances. I. M. ANAND
From India, Chandigarh
From India, Chandigarh
I had already posted thread about UAN numbers, but didn't get reply from any one. Part-time employees have been allotted multiple UAN Numbers. How they can combine in one UAN number. If entry is made of one UAN number of previous membership site demand date of leaving from the previous employer, where he is working and paying PF on that UAN number.
I.M. ANAND
From India, Chandigarh
I.M. ANAND
From India, Chandigarh
Please be well informed on computing wages for deduction for eligible members for pf. This aspect is very critical from all points of view
From United States,
From United States,
Friends, None of any one member has been confirmed about my UAN number query to combined multiple UAN numbers issued to Part-time EPF members. Is there no confirmation about it. I had already in touch with EPF UAN services by phone and mail, but didn't get satisfactory reply. The only reply that matter has been referred to higher authorities.
I. M. ANAND
From India, Chandigarh
I. M. ANAND
From India, Chandigarh
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