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Search for "Pf P Tax Deduction Employers Contribution"


Query on pf contribution
Hi all this is my first post. i have two queries 1. my basic salary is around 27000 per month. can i choose not to contribute to the pf. if i can do that and i contribute nothing what happens to the employer s contribution. is it sent to pf or is it paid out as part of monthly compensation? also is this under company s discretion about what the pf contribution i will make?? 2.the pf and gratuity deduction....are they tax exempt at at deduction or point of investing i.e. while calculating tax is it calculated after all deductions have been made? regards abhishek
Provident fund
Hi... can someone help me with this pf thing? i was employed with a leading bpo in pune. was there for almost 3 years. now i am not in india and not working. i received the employers contribution of my pf. when i received my contribution it was 50 of the employers contribution. my belief was that employers contribute 50 or equivalent. in this case i have less then employers contribution. can sum1 explain this theory. also let me know if tax is deducted from the pf fund. thanks shweta
No employers contribution on pf
Hi all i work in an it company registered in india located in chennai. i am here for 2 years. i have a question regarding pf deduction. in my company i bare both the employee and employers contribution of pf plus some administrartion charges everymonth if at all i opt for pf. i hear the same is being followed by many small or mid level companies. i enquired the same with people i know who work in small companies and they say that the pf policies are changed now company can avoid contributing towards pf and the same can be deducted from the employees salary reason being its included in the ctc. is it legal that the oraganization does not contribute its part and deduct both from the employee s salary? is the same practice is followed by all or many companies. i was with different company till 2010 till that time i did not face any issues with pf cos x amount was deducted from my salary and the same amount was contributed by the company. after which i joined this company. i am not on contract role i am a permanent employee. even my payslip shows two pf deductions as employee contribution and employers contribution plus admin chargesthe employer s contribution is more than that of employee s contribution when asked the hr told me that its for administration charges. which comes more than i could claim on tax benefits. i am actually not benefitting on pf concept also tax benefits. could you please give me some inputs whether this practice is legal and are being fair to the employees. regards dolly
Will employers's contribution be added as part of the ctc and then shown as a deduction in the pay-slip?
I have started a pharma company in maharashtra and want to have pf as part of compensation. please clarify how to treat employers' contribution as part of the total salary deductions and ctc calculation. will employers s contribution be added as part of the ctc and then shown as a deduction in the payslip? i request a detailed answer.
Pf deduction - can i opt out of the pf scheme?
Hello all i have a few queries regarding pf?? i am working in a startup it company where the total no. of employees is less than 20 and my basic salary is more than 6500 . the company has included their pf contribution of 3349.20 in my ctc and is showing the deduction as follows: employee contribution3349.20 employer contribution 3349.20 professional tax.200 tds3390. please note that in my previous company my basic was 12000 and i had opted out of pf. hence my query is the above deduction correct and can i opt out of the pf schemeif so what do i have to do. an early response will be highly appreciated. regards. saurav
Pf contribution
Sir in my pf account amounting rs. 450068.00 my contribution is rs. 337946.00 where as company contribution is rs. 112121.00 is it in accordence with pf calculation formula and i wish to know the exact deduction from the salary and employers contribution .