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Madras high court ruling on the applicability of pf contb on certain allowances
Hi all i have this new ruling by madras high court on the applicability of provident fund contributions on certain allowances. looking forward for views / impact on organisations on the same. " the madras high court in the case of reynolds pens india pvt ltd and other petitioners petitioners vs regional provident fund commissioner rpfc has held that certain allowances such as conveyance educational allowances food concession medical special holidays night shift incentive city compensatory allowances etc. should be treated as part of basic wages under the employees provident funds and miscellaneous provisions act 1952 epf act. accordingly provident fund pf contributions should be remitted on such allowances. " the employees provident fund organisation epfo has in a recent internal communication1 forwarded the aforesaid judgment to its officers and directed them to utilise this judgement as per the merits of each case. br deepa
Group provident fund
Dear all i hear big organization own a kind of group provident fund where employer only will maintain employees pf contribution and it shall be paid to employee as and when he leaves the company. i only knew this information. please any one suggest me. can an employer maintain such fund? if so should the organization be registered under epf or not? can we get any exemption to register under epf if we maintain such fund.? vishwanath
Details of epf act, provident fund.
Dear all enclosed find the details of roles and responsibilities of employer and employee of epf act. provident fund hope it would definitely help you to clear your queries regarding epf act. regards amit seth.
Provident fund
What is meant by provident fund? how to calculate the provident fund in a company? who are all eligible for provident fund? what are the forms used for providend fund?
Provident fund
Dear friends i want to gain knowledge on provident fund. i would request you to please help me with the following questions. 1.what is employee\'s share and what is employer\'s share. 2.pf is calculated on which component of salary. 3.what is a provident fund challan and when do we have to submit these challans. 4.is provident fund taxable. which forms do we need to fill for provident fund. a new joinee form b if the employee had pf account in his previous firm cpf withdrawl form. any additional information.
Employment provident fund contribution
Dear sirs please let me know employment provident fund contribution deduction for 2 below examples in simple way 1 if salary is 9600; what will be the epf as per recent rule. 2 what exact formula for epf contributiondeduction thanks