20-09-2006, 12:57 PM
|  | | | Join Date: Sep 2006 Location: Chennai
Posts: 193
| |  Contribution of Provident Fund
Hi,
I would like to know what would be the employer contribution towards PF if the basic of an employee is Rs.10000/-. Is it 12% of 10000/-???
I heard that the organisation is liable to contribute towards PF only a maximum of 12% of Rs.7500/-??
I also want to know if the emplyee does not wish to contribute for PF whose basic is more than Rs.7500/-, is it mandatory by the employer to contribute towards PF for the particular employee?
Kindly clarify. |
20-09-2006, 02:46 PM
| | | | Join Date: Sep 2006 Location: Chennai
Posts: 16
| | Contribution of Provident Fund
Hi!!!
Regarding PF, if the employee basic wages exceeding Rs.6500/-, there is
no liability on the part of employer to pay PF contribution.
If employee joined with less than above basic, continuing service with
more than the basic of Rs.6500/- , employer bound to pay PF contribution
on the Rs.6500/- only (.i.e.Rs.780/-),eventhough his basic salary more
than that.
Hope get clarification on the same.
Satish Raz |
20-09-2006, 03:36 PM
| | | | Join Date: Sep 2006 Location: Chennai
Posts: 193
| | Re: Contribution of Provident Fund
Hi Sathish,
I believe now the maximum basic has been revised to 7500/- for PF not 6500/- |
20-09-2006, 07:14 PM
| | | | Join Date: Sep 2006 Location: Chennai
Posts: 16
| | Ceiling for Provident Fund Contribution
Hi Prathima,
ceiling was 3500/- upto 01.10.94, then revised to 5000/-.
Then it revaised to 6500/- from 01.04.1995.
and remains same, further there is no amendment.
Satish |
21-09-2006, 11:18 AM
| | | | Join Date: Sep 2006 Location: Chennai
Posts: 193
| | Re: Contribution of Provident Fund
Hi Sathish
Thanks for the information. |
23-09-2006, 10:08 PM
| | | | Join Date: Sep 2006 Location: pune
Posts: 9
| | Re: Contribution of Provident Fund
and IF employee want to contribute 12% on whole 10,000 then employer has to contribute 12% on whole 10,000 |
02-06-2008, 06:55 PM
| | | | Join Date: Jun 2008
Posts: 1
| |
Hi,I have a doubt reg contribution to PF.My doubts are:1) Is it mandatory on the part of the employer to deduct PF of Rs. 780/- (12% on Rs. 6500[ceiling amount]), from the salary payable to the Employee, even if the BASIC+DA of exceeds Rs. 6500-/.2) Is it mandatory on the part of the employer to contribute Rs. 884.65 (13.61% of Rs. 6500[ceiling amount]) to the PF Fund, even if the BASIC+DA of the employee exceeds Rs. 6500/-Pls clarify my doubts.Regards Saravana |
02-06-2008, 07:10 PM
| | | | Join Date: May 2008
Posts: 19
| |
Pl.send Me Statutory Compliances And Forms To Submitted For P.f.
Anand Pokharkar |
02-06-2008, 07:23 PM
| | | | Join Date: Aug 2007 Location: Kolkata
Posts: 149
| |
Dear,
As the Law goes, PF has to be deducted @ 12% on Basic+DA subject to a maximum Basic & DA of 6500 if they are submitting the amount with RPFC. But if a company manages its PF through a trust then it can contribute towards PF at the actual Basic+DA, i.e even if it is more than 6500.
Regards,
Nilendra |
02-06-2008, 07:42 PM
|  | | | Join Date: May 2008 Location: mumbai
Posts: 8
| |
Dear all,
KINDLY FIND NECESSARY FILES ATTACHED ON PF SUBJECT
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Linear Mode
