About Pf what i know is :
1. Below 6500 (basic), PF is mandatory
2. Above 6500 (basic)
* PF Can be calculated on actuals(i.e 12% of basic)
* You can freez the pf amount: If the actual PF amount is > than the freezed amount,then freezed amount will be deducted.
* If the PF is calculated on actuals, then please do not keep Special allowance in your breakup, as actual PF is calculated on it also. You can replace special with uniform allowance.
From India, New Delhi
I am awaiting for a response from you all....
Also there is a clause if wages > 6500/-, say 10K, PF contribution has to be made with mutual consent from employer and employee on 10K..
what happens if employee does not agree to it ??
From India, Hyderabad
If your company is implementing the PF for the first time, deducting PF for those drawing basic salary more than 6500 is not mendatory. But, the policy has to be uniform in the organisation. If you deduct, the PF & EPF will be calculated on 6500/- only.
From India, Bhubaneswar
MY CONTRACTOR GIVES SALARY MORE THAN 15000 INR TO ALL WORKERS. HE WANTS TO SHOW THEM EXEMPTED IN PF. BUT COMPANY ASKED PROOF OF EXEMPTION OR WORKER IS NOT HAVING UAN IN PREVIOUS? HOW CAN I GET THIS ONLINE THAT WORKER HAS NO UAN?
From India, Ahmedabad
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