Hello,
Is it required to compliance of P.F. If any employee getting more than 6500 Basic + D.A

if management wanted to avoid who are getting more than 6500 basic + d.a.
What is the procedure pl. help me.
reg,
sarjerao
16th December 2009 From India, Pune

Madhu.T.K
India, Kannur
Industrial Relations And Labour Laws
P Ramachandran
India, Madras
Hr & Administrative Manager
S.V.Krishnan
India, Madras
M.Nalini
India, Hyderabad
Working
Sanusoman
India, Madras
Hr
Samishra00
India, Vadodara
Head Human Resource In A Bulk Drug Manufacturing
Kaushikpkl
India, Chandigarh
Executive Hr
+8 Others

If salary of an employee AT THE TIME OF JOINING is more than Rs 6500, he can be an excluded employee and in such cases he need not be covered by EPF, whereas, if he is already a PF member and his salary has been subsequently increased beyond Rs 6500, then he can not be excluded because, an employee once covered by EPF will continue to be covered irrespective of any salary hike.
Regards,
Madhu.T.K
16th December 2009 From India, Kannur
If an employee has contributed under PF Act ever before in his employment, he shall continue to contribute for the PF irrespective of the quantum of salary that he is drawing now. In case it is his first job and salary exceeds Rs 6500, then it is his option whether to contribute or not.
17th December 2009 From India, Madras
I have applied for eps withdrawal scheme along with relevant form 10c. How many day will it take to get the claim of my eps?
17th December 2009 From India, Hosur
Hi Mr. Jatin, P.F. is on basic +da and the ESI is to be deducted on all components except washing allowance. The rate of employee’s contribution is 12% under PF and 1.75% under ESI. v.k.gupta
18th December 2009 From India, Delhi
So for definition of employee under EPF Act is concern any employees getting salary over and above 6500/ per month is considered as excluded employee and there is no need to deduct or pay the contribution for these employees. However if you are considering the contribution paid towards PF in CTC it is advisable to deduct and deposit the P.F. it is more safe as well as will be good for welfare of the employees.
Thanks
S.A. Mishra
Vadodara

18th December 2009 From India, Vadodara
e: P.F. Compliance
So for definition of employee under EPF Act is concern any employees getting salary over and above 6500/ per month is considered as excluded employee and there is no need to deduct or pay the contribution for these employees. However if you are considering the contribution paid towards PF in CTC it is advisable to deduct and deposit the P.F. it is more safe as well as will be good for welfare of the employees.
18th December 2009 From India, Vadodara
Hi,
I have joined a company from 1st July 09 and Rs. 2400/- monthly PF deduction were made from my CTC, I was worked till 3rd November 2009 over there (4 months). When I was requested to HR department for withdrawal of PF amount they replied that for withdrawal PF amount must have to complete service with company for a minimum period of 6 months. Is it true? I also have a PPF account with SBI last 3 years. Can any one help me that I will get the PF money.
Best Regards,
Alauddin Shaikh
18th December 2009 From India, Mumbai
Dear Rajesh,As per policy the employer will forward the claim form of PF to the PF authorities after two months of date of resigning.so you will get the payment with in 2 and half months after your resignation.In some cases like going abroad for job you can produce the Visa copies to the authorities ,it may help you to claim your PF amount soon.
Renjith
18th December 2009 From India, Thiruvananthapuram
Hi Mr. Shaikh
PF contribution is bifurcated into two heads i.e PF and Pension. 8.33 % of Basic and D.A goes in Pension fund and the rest goes in PF fund. for claiming the pension fund you need to complete at least 6 months otherwise you you can withdraw amount accumulated in PF fund only
Amit kaushik
18th December 2009 From India, Chandigarh

 

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