Good afternoon experts, I am the asst.HR Manager in pune, our employer is thinking to not to pay the pf , i it valid or is there any clause in pf for such declaration ? please suggest
From India, Thane
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1From India, Thane
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If your establishment is covered by the EPF and Miscellaneous Provisions Act, and if the salary of the employee is less than Rs 15,000 per month, the answer is a big NO.
Employee's salary for this purpose shall include all allowances except HRA.
From India, Kannur
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Employee's salary for this purpose shall include all allowances except HRA.
From India, Kannur
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In addition to Mr. Madhu's contribution, this is to inform you that you have the option of not paying PF for only those employees whose salary is above 15,000/-. Also, if you are deducting PF based on the actual basic salary, even if it exceeds 15,000/-, then you can restrict the company's contribution to only up to 12% of 15,000/-.
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EPF-Circular-da ted-23-May-2011 -Splitting-of-M inimum-Wages-fo r-the-Purpose-o f-PF-Contributi on-Not.pdf
EMPLOYER COMPENSATION AS PER W.C. ACT.doc