Thanks a lot for your prompt reply.
So as per what i understand from your mail. We need to be covered under PF regardless of our basic being above 6500/-.
As our company is an MNC, I need to provide required documents to support it. Can you send me the PF act which testifies the above statement.
Would be very grateful.
vipinmanavDear Smitha, Please find attached doc. I hope it would help u. regards Vipin
From India, New Delhi
legally your consultant is correct but we take from employee form 11 which says he was not member earlier and if basic salary is more than 6500 ,he is exempted employee,need not to deduct PF but take form 11 from employee.
From India, Delhi
Mr. Malik is absolutely right, You can take Declaration from-11 from those employees which declares that they were not PF member earlier. This is the practical approch but if your management wants to go as per statutory compliance then again Mr. Malik is right you have to enroll them.
From India, Jaipur
imgandhi1967You can deduct on pf wages is above 6500. but for that you have to take a consent from employee in below format
The R.P.F. Commissioner
Sub : Granting special permission for deduction of P.F.
You are hereby requested to please grant me the special permission for deduction of the Provident Fund from my PF wages above Rs.6500/- per month w.e.f. _______ and my P.F. A/c. No.
After receiving above constent you have to forward the same with proforma for submitting permission under para 26 (enclosed).
But from employer's 12% share you have to deposite FPF maximum 8.33% of 6500 i.e. Rs. 541/- and balance amount you have to add in 3.67% .
for example : pf wages is Rs. 7000/-
employee's contribution is Rs. 840/-
employer's contribution is Rs. 840/- (epf 3.67% Rs.299/- and FPF Rs. 541/-)
From India, Mumbai
gaggan_sahniPlease note a person whose basic is less than Rs. 6500 is covered under PF included clause whereas if his basic is more than Rs. 6500 he is covered under PF exempted clause where there is a choice to go in for PF but its not mandatory in that case you got to fill in the excluded form.
From United Kingdom
even employee covered under PF in previous employeer(basic wage < 6500) no need to deduct the PF from his salary(if Basic > 6500) in Current company.if current employeer have any PF policy so we can pay based on 6500(if Basic wage > 6500) .other wise no need to deduct. suppose employee is continued in One company after some years he earned more than 6500 basic wage at that time we must contribute PF amount at least based on 6500 i.e.Rs780/-. if employeer wants to provide based on actual basic wage we can contribute.
From India, Visakhapatnam
firstname.lastname@example.orgDear Smita, As per PF act the minimum requirement is 20 workmen on roll. please check the same with PF authorities for making a reliable decision and ensuring safety. Regards, Sachin M.
From India, Chicalim
bonambalaHow to register Shops and establishment, PF registration, ESI registration and PT registration? Can you please let me knoe the procedure and the forms required to submit?
From India, Madras
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