Hi,
PF contribution is calculated on basic and the basic changes as per the attendance for the month. If the employee is worked only for 15 days in one particular month then PF for that month will be the same or it will change as per basic?
From India, Mumbai
1PF contribution is calculated on basic and the basic changes as per the attendance for the month. If the employee is worked only for 15 days in one particular month then PF for that month will be the same or it will change as per basic?
From India, Mumbai
Dear Aarti,
PF will calculated on Basic payout per month, If any employee worked for 5,10 or 15 days his/her PF contribution on No of working days.
its vary from month to month depends upon No of Employee working days.
My Basic is Rs10000/- and I worked 15 days in particular month means , my PF deduction will be on Rs 5000*12% & same from employer side.
if any clarifications let me know.
From India, Madras
PF will calculated on Basic payout per month, If any employee worked for 5,10 or 15 days his/her PF contribution on No of working days.
its vary from month to month depends upon No of Employee working days.
My Basic is Rs10000/- and I worked 15 days in particular month means , my PF deduction will be on Rs 5000*12% & same from employer side.
if any clarifications let me know.
From India, Madras
Hi Thanks you so much for your guidance. Can u help me with one more thing that is it compulsory to appoint PF consultant for any company for its PF work or HR can handle it?
From India, Mumbai
From India, Mumbai
Dear Aarti,
Its totally depend upon the No of Employees, and its not compulsory to hire PF consultant for PF work, HR person should handle all PF works.
See list out the PF work. start from recruitment.
1) Once new staff recruited Fill Nomination form and submit to PF office for PF No.
2) Monthly contribution calculating on Basic payout * 12 % of Employees & Employers 13.65%
3) Yearly return in Form 3A & 6A
4) Settlement of PF amount in Form No 19, 10c or 10D.
And get PF check list as below link
https://www.citehr.com/362459-pf-che...ml#post1670438
if any clarifications let me know.
From India, Madras
Its totally depend upon the No of Employees, and its not compulsory to hire PF consultant for PF work, HR person should handle all PF works.
See list out the PF work. start from recruitment.
1) Once new staff recruited Fill Nomination form and submit to PF office for PF No.
2) Monthly contribution calculating on Basic payout * 12 % of Employees & Employers 13.65%
3) Yearly return in Form 3A & 6A
4) Settlement of PF amount in Form No 19, 10c or 10D.
And get PF check list as below link
https://www.citehr.com/362459-pf-che...ml#post1670438
if any clarifications let me know.
From India, Madras
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HC All - Trainees not covered for PF -2010.pdf
PF Ledger.xls