Hi all,
I have recently joined a company, and the salary they are providing me does not include provident fund. The information conveyed to me is that there is a provision for this as my basic salary is 9000. Is the company allowed to do so?
Thanks & regards,
Abhi
From India
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I have recently joined a company, and the salary they are providing me does not include provident fund. The information conveyed to me is that there is a provision for this as my basic salary is 9000. Is the company allowed to do so?
Thanks & regards,
Abhi
From India
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yes its true actually if your baisc is more than 6500rs then its up to the company to give pf to you or not
From India, Hyderabad
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From India, Hyderabad
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thnk guys, so wat do u say.. its gud to have basic salary less than 6500 or its gud to have more basic salary
From India
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From India
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I believe the legislation has changed. Employers have to contribute PF if employees are earning Rs10,000 or less per month.
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Dear Friend,
Please check with your local PF authority for the correct details. I have received information that if the BASIC SALARY is more than Rs. 7,500, then the employer provides an option for the employee to OPT OUT of the PF.
Please verify the same.
From India, Mumbai
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Please check with your local PF authority for the correct details. I have received information that if the BASIC SALARY is more than Rs. 7,500, then the employer provides an option for the employee to OPT OUT of the PF.
Please verify the same.
From India, Mumbai
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Only in case its your First Employment, opting out of PF exists for 8500+ salary....else its must whatever be the salary to deduct PF. its your right and future saving...DEMAND IT!
From India
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From India
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The limit is 6500.00 (Basic + DA). It becomes voluntary for an employee to make deductions above that. However, it is compulsory for the employer to deduct up to 6500.00. Beyond this amount, it becomes voluntary for an employer to make deductions above 6500.00. The statutory limit is 6500.00.
Abhijeet
From India, Ahmadabad
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8Abhijeet
From India, Ahmadabad
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Provident Fund - Excluded Employee - Definition.pdf