If we are deducting PF of an employee as his basic is less than 15,000 Rs. and it is mandatory to have PF contribution. After an appraisal, his CTC is increased and his basic also exceeds 15,000 to 16,500 (let's say), is it still mandatory to deduct his PF contribution from his salary because we were deducting in the past when it was mandatory for him.
Is there any rule that if a person is enrolled in PF while joining as per the salary and PF rules, it is mandatory that PF should be a part of his salary even if his salary is raised and he is out of the PF bracket.
From India, Lucknow
Acknowledge(0)
Amend(0)
Is there any rule that if a person is enrolled in PF while joining as per the salary and PF rules, it is mandatory that PF should be a part of his salary even if his salary is raised and he is out of the PF bracket.
From India, Lucknow
Acknowledge(0)Amend(0)
Hi There, PF to be deducted @ 12% of Basic / Basic + DA. If basic is increased and if its exceeding Rs. 15000, PF to be deducted on 15000 only (15000*12% = 1800). Thanks, Akash
From India, Secunderabad
Acknowledge(0)Amend(0)
9From India, Secunderabad
Acknowledge(0)Amend(0)
Once person enrolled in PF then it is mandatory to deduct his PF @ 12%,though he crossed limit of Rs.15000 ; however you can have ceiling of Rs 15000 while calculating PF.
From India, Pune
Acknowledge(0)Amend(0)
From India, Pune
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.
Online payment of PF mandatory from 1.1.2016.pdf