Such orders will not be retrospective.I do not understand how contribution can be discontinued in the case of a member when his salary is increased from < Rs 6500/- to > Rs 6500/.Contribution cannot be stopped when salary increased above Rs 6500/-He will continue to contribute but his contribution is limited to Rs 780/.
09961266966
From India, Thiruvananthapuram
91009961266966
From India, Thiruvananthapuram
The Notification for revision from 6500 to 15000 is still not released. This will take time and the same cannot be in prorata.
From India, Mumbai
From India, Mumbai
Dear All,
This has been discussed many times in this forum. The employee who is the member of EPF can never be opt just because of the salary rise ( i.e. above Rs.6500/- ). He/She can continue their PF deductions above the limit also but for PF calculation Employer can consider only the limit i.e.Rs.6500/-.
In second case if an employee joined on the salary which is above the PF deduction limit then he will not be eligible for any EPF deduction. In this case if employee want to deduct his EPF contribution then Employer has no choice but to deduct both parts i.e.12% + 12% = 24% but here you can see that Employer is bearing the Administration Cost i.e. 1.61% for this process.
Regds
Santosh Khamitkar
Sr.Manager-HR/Admin
From India, Pune
This has been discussed many times in this forum. The employee who is the member of EPF can never be opt just because of the salary rise ( i.e. above Rs.6500/- ). He/She can continue their PF deductions above the limit also but for PF calculation Employer can consider only the limit i.e.Rs.6500/-.
In second case if an employee joined on the salary which is above the PF deduction limit then he will not be eligible for any EPF deduction. In this case if employee want to deduct his EPF contribution then Employer has no choice but to deduct both parts i.e.12% + 12% = 24% but here you can see that Employer is bearing the Administration Cost i.e. 1.61% for this process.
Regds
Santosh Khamitkar
Sr.Manager-HR/Admin
From India, Pune
This is just a bill which you can say private bill from one of the member submitted to the parliament. If it has been approved the it is called as govt. bill as per my knowledge. Then through Notification it will be circulated for the rest.
Regds
Santosh Khamitkar
From India, Pune
Regds
Santosh Khamitkar
From India, Pune
Dear Sir,
I have one more query regarding this post, suppose an employee joins an organisation which is not registered for PF account with EPFO or has only 8 employees on its roll and the new joined employee was member of PF. In this situation what is the liability of the company? Which option can a company take in this situation:
1. To get registered for with EPFO and deduct the PF of the employee?
2. To get the form 11 filled up by the emplyee and not to deduct any PF?
Which option should a company choose for this case?
Regards,
From India, Bangalore
I have one more query regarding this post, suppose an employee joins an organisation which is not registered for PF account with EPFO or has only 8 employees on its roll and the new joined employee was member of PF. In this situation what is the liability of the company? Which option can a company take in this situation:
1. To get registered for with EPFO and deduct the PF of the employee?
2. To get the form 11 filled up by the emplyee and not to deduct any PF?
Which option should a company choose for this case?
Regards,
From India, Bangalore
Wait for having 20 employees.You need to register only after that. Varghese Mathew 9961266966
From India, Thiruvananthapuram
From India, Thiruvananthapuram
If you have more than Rs6500 basic+DA then
Condition 1) If your PF deducted in past rather any other company, you have to give detail to your company in Form No 2. after that your company has to bound deduct you pf amount and deposit it to respective dept with his contirubtion at least on 6500.
Condition 2) If your Pf not deducted in past history or you were not member of any pension or PF dept related, then we can not forcefully say your company for PF deduction. you can give only in request way.
Summry in legal way: If you give nill in Form no 2 and basic+DA is more than 6500 than company are not bound to pay his contirubtion.
From India, Rajkot
Condition 1) If your PF deducted in past rather any other company, you have to give detail to your company in Form No 2. after that your company has to bound deduct you pf amount and deposit it to respective dept with his contirubtion at least on 6500.
Condition 2) If your Pf not deducted in past history or you were not member of any pension or PF dept related, then we can not forcefully say your company for PF deduction. you can give only in request way.
Summry in legal way: If you give nill in Form no 2 and basic+DA is more than 6500 than company are not bound to pay his contirubtion.
From India, Rajkot
Sorry its not Form no 2, It is Form no 11.
-----------
If you have more than Rs6500 basic+DA then
Condition 1) If your PF deducted in past rather any other company, you have to give detail to your company in Form No 11. after that your company has to bound deduct you pf amount and deposit it to respective dept with his contirubtion at least on 6500.
Condition 2) If your Pf not deducted in past history or you were not member of any pension or PF dept related, then we can not forcefully say your company for PF deduction. you can give only in request way.
Summry in legal way: If you give nill in Form no 11 and basic+DA is more than 6500 than company are not bound to pay his contirubtion.
From India, Rajkot
-----------
If you have more than Rs6500 basic+DA then
Condition 1) If your PF deducted in past rather any other company, you have to give detail to your company in Form No 11. after that your company has to bound deduct you pf amount and deposit it to respective dept with his contirubtion at least on 6500.
Condition 2) If your Pf not deducted in past history or you were not member of any pension or PF dept related, then we can not forcefully say your company for PF deduction. you can give only in request way.
Summry in legal way: If you give nill in Form no 11 and basic+DA is more than 6500 than company are not bound to pay his contirubtion.
From India, Rajkot
Dear Pawan Ji,
Thanks for your reply, but my question is, if the person was having salary less than Rs. 6500/- and he was the member of EPF in earlier company, then in his joining to our company, are we bound to deduct and deposit his PF, even if my company has not registered itself for EPF because it has only 8 employees till date. According to your answer, I will have to deduct and pay his PF, then in this condition will I have to get my company registered first?
Please reply.
Regards,
Sandeep
From India, Bangalore
Thanks for your reply, but my question is, if the person was having salary less than Rs. 6500/- and he was the member of EPF in earlier company, then in his joining to our company, are we bound to deduct and deposit his PF, even if my company has not registered itself for EPF because it has only 8 employees till date. According to your answer, I will have to deduct and pay his PF, then in this condition will I have to get my company registered first?
Please reply.
Regards,
Sandeep
From India, Bangalore
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PF is to be deducted on canteen allowance - Delhi HC 22.7.2013.pdf