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aparnamhrm
Dear all, Can anybody tell me that any recent amendments have come in PF rules? regards, Aparna
From India, Mumbai
amit_goyal_2002
10

Hi Aparna,
As such there is no recent amendment in PF rules. But there was one amendment many months back, i dont remember the exact time. That was that now the Leave Encashment will also come under PF. Both employer and employee has to contribute out of the amount of leave encashment.
Amit Goyal

From India, Delhi
Poonam Mehra
Hi Amit, This is somethibng new i am listning, but has industry started implementing the same, because i have not done anything as such in my company. Regards, Poonam
From India, Delhi
amit_goyal_2002
10

Hi Poonam,
All those who are aware about the amendment have implemented the same. In my current and previous companies , we were following it. Many other companies have implemented the same.
Amit Goyal

From India, Delhi
rmcindia
Dear Friends , find attached the circular regarding the PF on PL Encashment. Rgds, Anju
Attached Files (Download Requires Membership)
File Type: pdf pl_encashment_circular_956.pdf (336.8 KB, 2226 views)

prashant_patil
7

Hi to all, Amit is quiet right. You must deduct PF on leave encashment. Actually, rule exists from previously. But a case in supreme court made it clear. Regards Prashant Patil
From India, Nagpur
Devarajan.N
1

Dear HR Fraternity
As advised there is an attraction of PF contribution in the leave encashment made to an existing employee annually. In the case employee leaving the services of the organisation there is no requirement of deduction of EPF contribution in the leave wages settled along with other legal dues. As per provisions of the Act there is a mention that Leave Encashment paid at the time of seperation of employee doesn't deem to be considered as wages hence it doesn't attract EPF contribution. Other than this the status of Rs.6500/- as basic plus da wage for coverage of an employee has not been amended.
Thanks with best regards,
N.Devarajan
HR - Consultant

From India, Madras
Suresh Ramalingam
27

Dear Mr.Devarajan,
This is new to me, It will be great if you could provide us with the notification or the rules in the EPF Act.
As per my understanding Leave encashment paid to an employee is to be taken as Wages as per the Act.
Rgds,
Suresh Ramalingam

From India, Mumbai
Devarajan.N
1

Mr. Suresh Ramalingam I will sent you the details through scan image provided if you give me your e mail id. Regards N.Devarajan.
From India, Madras
alka_duggal
Hi, Can you please provide the notification to support saying that at the time of seperation PF deduction is not required from Leave Encashment. Thanks, Alka Mahendru, HR-Chandigarh.

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