Friends
1.) Can Any body clarify weather we have to deduct PF on EL encashed at the time of Resignation of the Employee
2.) What will be the rate of contribution
3.) We had policy to encash EL Minimum 35 Days
Regards
Nikhil
From India, Delhi
31.) Can Any body clarify weather we have to deduct PF on EL encashed at the time of Resignation of the Employee
2.) What will be the rate of contribution
3.) We had policy to encash EL Minimum 35 Days
Regards
Nikhil
From India, Delhi
Dear Nikhil Greetings As per the attached judgement copy there is no need to recover PF for leave encashment as observed by our Madras high court. Cheers Trisha HR Professional
From India, New Delhi
From India, New Delhi
Dear Trisha,
Thanks for sharing very valuable information.
We have been made to contribute PF on leave encashed all these years. This decision may be handy for us.
Thanks once again.
Best regrds,
Vishwanath
From India, Bangalore
Thanks for sharing very valuable information.
We have been made to contribute PF on leave encashed all these years. This decision may be handy for us.
Thanks once again.
Best regrds,
Vishwanath
From India, Bangalore
Unless until Supreme Cpourt give the Judgement, no judgement can be treated as a LAW.
High court may give judgement in some circumstances but it will be not treated as a LAW. Pl note.
As per statutory Law, you have to deduct PF on leave encashment. rate of contribution will be same as 12%.
Reagrds,
Ashutosh Chaturvedi
From India, Mumbai
High court may give judgement in some circumstances but it will be not treated as a LAW. Pl note.
As per statutory Law, you have to deduct PF on leave encashment. rate of contribution will be same as 12%.
Reagrds,
Ashutosh Chaturvedi
From India, Mumbai
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PF Contribution on Leave Encashment - Clarification by EPFO.pdf