Dear Bharat ji,
The question is weather the employee draws his salary more than Rs 6500/-pm is covered or not. PF is mandatory means if your organisation is covered as per act since that, if any person salary / wages crosses more than Rs. 6500/-pm is advise to deduct the PF @ Rs. 6500/-pm minimum, insted of avoiding it. For this PF authority will not object.
Regarding issuing of Form - 11 is the HR dept. come to know weather the new employee is covred PF in the previous orgnisation or not.
Regards,
PBS KUMAR
From India, Kakinada
590The question is weather the employee draws his salary more than Rs 6500/-pm is covered or not. PF is mandatory means if your organisation is covered as per act since that, if any person salary / wages crosses more than Rs. 6500/-pm is advise to deduct the PF @ Rs. 6500/-pm minimum, insted of avoiding it. For this PF authority will not object.
Regarding issuing of Form - 11 is the HR dept. come to know weather the new employee is covred PF in the previous orgnisation or not.
Regards,
PBS KUMAR
From India, Kakinada
Dear All,
Mr.Kumar says is correct. New employees are drawing even more than Rs.6,500/- they should covered under PF. If employee draws Rs.10,000/- basic salary we have to deduct PF amount on Rs.6,500/- (is mandatory). Above Rs.6,500/- salary PF deduction is depand on company policy. Some companies will deduct upto Rs.6,500/- only and some companies will deduct on total basic salary.
Regards,
Raghav
Mr.Kumar says is correct. New employees are drawing even more than Rs.6,500/- they should covered under PF. If employee draws Rs.10,000/- basic salary we have to deduct PF amount on Rs.6,500/- (is mandatory). Above Rs.6,500/- salary PF deduction is depand on company policy. Some companies will deduct upto Rs.6,500/- only and some companies will deduct on total basic salary.
Regards,
Raghav
From China
Hi All, Is there anyone to answer my query which is posted in this thread regarding applicability of PF to retainers? Regards,
From India, Bangalore
From India, Bangalore
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Online payment of PF mandatory from 1.1.2016.pdf
SALARY with out PF Deduction.xls
PF deduction on leave encashment.doc