if a daily wage worker got 17000/- wage in first month of his employment does his full share go to PF Fund, He is not eligible for pension fund. Any body can give a perfect answer for this
From India, Udupi
Acknowledge(0)
Amend(0)
2From India, Udupi
Acknowledge(0)Amend(0)
Hi,
I am working as an HR professional in a private firm in Tamil Nadu. I would like to understand the calculation of professional tax. In our organization, we have around 230 employees. Can we deduct professional tax every month? I also want to know if the amount can be paid to the government every six months, or if there are any rules specifying that the amount should not be held by the employer for more than six months.
Regards, Rajeswari B
Acknowledge(0)Amend(0)
I am working as an HR professional in a private firm in Tamil Nadu. I would like to understand the calculation of professional tax. In our organization, we have around 230 employees. Can we deduct professional tax every month? I also want to know if the amount can be paid to the government every six months, or if there are any rules specifying that the amount should not be held by the employer for more than six months.
Regards, Rajeswari B
Acknowledge(0)Amend(0)
Yes, as per the new amendment in the EPF Act in September 2014, if any employee's salary, who was not previously covered under EPF, is more than Rs. 15,000, then their whole contribution will go to the PF account only. No contribution will be made towards EPS.
Regards,
Dinesh Kumar
From India, New Delhi
Acknowledge(0)Amend(0)
Regards,
Dinesh Kumar
From India, New Delhi
Acknowledge(0)Amend(0)
But the said worker is working under the Piece Rate System. He may get less than 15000/- in the second month or may not get more than 15000/- until the date of retirement. Is it the correct method to take the full amount of the first month to the PF account only?
From India, Udupi
Acknowledge(0)Amend(0)
From India, Udupi
Acknowledge(0)Amend(0)
If he is not an existing member (an employee who joins your establishment after leaving an employment where he was a member of PF but before withdrawing his PF accumulations), why should you cover him under PF? If your company policy says that everyone irrespective of salary should be covered, then it is okay. But if you do not give PF to all employees and when there is a ceiling put on the employer's contribution to PF, it is advisable not to cover an employee whose wages are more than Rs 15,000.
Now, in the case of piece-rate wages, since there can be a month in which his wages may come down and he would be under PF coverage anyway, then cover him with wages not exceeding Rs 15,000 so that there will be a contribution towards the Pension Fund also. The Act does not make it mandatory that PF should be contributed on the entire amount earned but it can be restricted to the prescribed percentage (12%) of Rs 15,000. Therefore, even if the wages are Rs 17,000, you can deduct PF on Rs 15,000 and contribute the employer's share to PF as well as the Pension Fund.
Madhu.T.K
From India, Kannur
Acknowledge(0)Amend(0)
Now, in the case of piece-rate wages, since there can be a month in which his wages may come down and he would be under PF coverage anyway, then cover him with wages not exceeding Rs 15,000 so that there will be a contribution towards the Pension Fund also. The Act does not make it mandatory that PF should be contributed on the entire amount earned but it can be restricted to the prescribed percentage (12%) of Rs 15,000. Therefore, even if the wages are Rs 17,000, you can deduct PF on Rs 15,000 and contribute the employer's share to PF as well as the Pension Fund.
Madhu.T.K
From India, Kannur
Acknowledge(0)Amend(0)
Please obtain Form #11 (New) from the employees at the time of joining your establishment. Based on the information furnished therein, coverage/exclusion under EPF/EPS should be made after application of mind.
Have you engaged piece-rate employees on your rolls directly or through a contractor? What are the terms and conditions of appointment?
PF coverage is on fixed Basic/DA/VDA per month.
From India, New Delhi
Acknowledge(0)Amend(0)
Have you engaged piece-rate employees on your rolls directly or through a contractor? What are the terms and conditions of appointment?
PF coverage is on fixed Basic/DA/VDA per month.
From India, New Delhi
Acknowledge(0)Amend(0)
1) Appointed Directly 2) Wages Paid - Piece Rate 3) Form 11 status fresh employment 4) With Daily Minimum Wages
From India, Udupi
Acknowledge(0)Amend(0)
From India, Udupi
Acknowledge(0)Amend(0)Engage with peers to discuss and resolve work and business challenges collaboratively - share and document your knowledge. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Join & Be Part Of Our Community.
Minimum Wage of UP & UK.pdf