HI I want to know when we can deduct pf from any employee Thanks & Regards DILIP
From India, Pune
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3From India, Pune
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The Provident Fund is to be deducted from the date on which an employee is enrolled as a member of the Provident Fund. As per the rules currently applicable, immediately upon joining, an employee becomes eligible for enrollment as a member. Thus, you have to deduct from the first day itself.
DEEPAK THUKRAL
From India, Chandigarh
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DEEPAK THUKRAL
From India, Chandigarh
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Hi,
If your company is registered with the PF Office, then PF needs to be deducted from day one for any employee and remitted to the PF Office. PF should be calculated at 12% of basic salary plus any leave encashment.
Below is a brief overview of PF calculation:
- Employee Contribution: 12% of basic salary + Leave Encashment, if any.
- Employer Contribution: 12% of the above, further divided as follows:
- 8.33% is deposited in the FPF (Family Pension Fund).
- The remaining 3.67% out of the 12% is deposited in the PF account.
Please ensure compliance with these PF regulations for all employees. Let me know if you need further clarification or assistance.
From India, Pune
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If your company is registered with the PF Office, then PF needs to be deducted from day one for any employee and remitted to the PF Office. PF should be calculated at 12% of basic salary plus any leave encashment.
Below is a brief overview of PF calculation:
- Employee Contribution: 12% of basic salary + Leave Encashment, if any.
- Employer Contribution: 12% of the above, further divided as follows:
- 8.33% is deposited in the FPF (Family Pension Fund).
- The remaining 3.67% out of the 12% is deposited in the PF account.
Please ensure compliance with these PF regulations for all employees. Let me know if you need further clarification or assistance.
From India, Pune
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Provident Fund - Excluded Employee - Definition.pdf