16-12-2007, 06:37 PM
|  | | | Join Date: Feb 2007 Location: Delhi
Posts: 20
| |  PROVIDENT FUND COVERAGE CRITERIA
Dear all
I have come to know from one of my senior who is in this field from last 40 year for coverage of Provident Fund, if any establihsment have 20 or more employees whether they all are over the ceiling of P.F. i.e. Rs.6500/- pm. Then we have to get the coverage of Provident Fund.
Kindly give your suggestions
with regards
Shish Uniyal
09811681660  |
16-12-2007, 09:47 PM
| | | | Join Date: Feb 2007 Location: Bangalore
Posts: 76
| | Re: PROVIDENT FUND COVERAGE CRITERIA
Dear Shish
Your friend is right. you must apply for PF registration and cover them under PF.
With Regards
NIrmal Kumar Sahu |
17-12-2007, 11:49 AM
| | | | Join Date: Oct 2007 Location: Nagpur
Posts: 31
| | Re: PROVIDENT FUND COVERAGE CRITERIA
Dear Sahu,
Since all are above 6500 i.e. the PF limit,are we liable to deduct or contribute towards PF
Suresh |
17-12-2007, 12:46 PM
| | | | Join Date: Sep 2007 Location: india
Posts: 9
| | Re: PROVIDENT FUND COVERAGE CRITERIA
Hi,
if all employee are above 6500 there is no compulsion of PF deduction but you can do it voluntary basis .
Pls also check if you hired some worker on contract basis for e.g Housekeeping,security guards from some vendor that they should deposit the PF of those employee working on your site .
Regards
Mukesh |
17-12-2007, 01:52 PM
|  | Board Moderator | | Join Date: Sep 2007 Location: Kannur
Posts: 859
| | Re: PROVIDENT FUND COVERAGE CRITERIA
Even if the lowest salary exceeds 6500, if the number of employees exceeds 20, the unit is covered under the EPF & misc Provisions Act. Only thing is that deduction and contribution of EPF/PF in respect of those drawing more than 6500 need not be made. Here ensure that coverage is based on the number of employees (ie, 20) and contribution is based on the salary of the employee AT THE TIME OF JOINING THE ESTABLISHMENT and therefore, if once covered and later on salary exceeded 6500, then he is contiuned to be covered under the scheme.
Regards,
Madhu.T.K |
17-12-2007, 02:04 PM
| | | | Join Date: Feb 2007 Location: N. delhi
Posts: 208
| | Re: PROVIDENT FUND COVERAGE CRITERIA
As mentioned by Madhu, in addition those joining the organisation with salary above the pf limit can give a declaration in writing that they are opting out of it voulunteerily.
Regards,
Sashmita |
20-12-2007, 05:31 PM
| | | | Join Date: Feb 2007 Location: Delhi
Posts: 20
| | Re: PROVIDENT FUND COVERAGE CRITERIA
THANKS TO ALL WHO RESPONDED TO MY QUERY ON PROVIDENT FUND COVERAGE
WITH LOT OF REGARD TO ALL OF YOU
SHISH UNIYAL |
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