Dear All, Can you make me clear one thing is it compulsory to deduct pf if employee’s pervious company was deducting his pf. Regards Mausam
From India, New Delhi
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From India, New Delhi
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Dear Sharmaji,
Please obtain PF Declaration Form-11 from the Employee concerned immediately. Has the Employee withdrawn his PF Accumulation? What is the Basic+DA+VDA of the Employee concerned at the time of joining your Establishment?
From India, New Delhi
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691Please obtain PF Declaration Form-11 from the Employee concerned immediately. Has the Employee withdrawn his PF Accumulation? What is the Basic+DA+VDA of the Employee concerned at the time of joining your Establishment?
From India, New Delhi
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Dear Sharma,
Once an employee is covered under the PF Act of 1952, he will continue to be so even if his salary exceeds Rs. 15,000, the present wage ceiling under the Act. This is provided that once covered, the employee will continue to be covered even though his wages exceed Rs. 15,000 per month.
The Supreme Court, in the matter of Marathwada Gramin Bank Karamchari Sanghatana Vs. Management of Bank [2011 LLR 1130], held that the employer need not pay provident fund contributions higher than the prescribed limit under the Act and Scheme, which is now Rs. 15,000.
Thank you.
From India, Mumbai
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Once an employee is covered under the PF Act of 1952, he will continue to be so even if his salary exceeds Rs. 15,000, the present wage ceiling under the Act. This is provided that once covered, the employee will continue to be covered even though his wages exceed Rs. 15,000 per month.
The Supreme Court, in the matter of Marathwada Gramin Bank Karamchari Sanghatana Vs. Management of Bank [2011 LLR 1130], held that the employer need not pay provident fund contributions higher than the prescribed limit under the Act and Scheme, which is now Rs. 15,000.
Thank you.
From India, Mumbai
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There are multiple conditions applicable.
1. If your company is not covered under PF, you are not liable to deduct or pay PF for this employee.
2. If your company is under PF, then if the employee has an existing PF account at the time of joining your employment, you need to cover him under the PF scheme irrespective of what salary he has joined at.
From India, Mumbai
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1. If your company is not covered under PF, you are not liable to deduct or pay PF for this employee.
2. If your company is under PF, then if the employee has an existing PF account at the time of joining your employment, you need to cover him under the PF scheme irrespective of what salary he has joined at.
From India, Mumbai
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Electronics & Information Technology Goods (Requirements for Compulsory Registration) Order, 201.pdf