Dear Member, Can you guide me about applicability of PF in Retaining amount as per PF Act What is Retaining Amount as per the Act
From India, Calcutta
10From India, Calcutta
Dear Dine,
Retaining Allowance means an allowance payable for the time being to an employee of any factory or other establishment during any period in which the establishment is not working for retaining his services. Retaining allowance is payable to all employees in all seasonal factories like sugar factories.
Ratikanta Rath
From India, Durgapur
Retaining Allowance means an allowance payable for the time being to an employee of any factory or other establishment during any period in which the establishment is not working for retaining his services. Retaining allowance is payable to all employees in all seasonal factories like sugar factories.
Ratikanta Rath
From India, Durgapur
Let me complete what Rathi has said by adding that for Retaining Allowance PF is applicable. Regards, Madhu.T.K
From India, Kannur
From India, Kannur
In our company employees basic salary is above 7500, if there salary is below 6500 after leave deduction in any month, EPF is applicable ? (employee strength more than 20) Sandeep
From India, Kochi
From India, Kochi
If there are more than 20 employees then, naturally, Pf will be applicable to the establishment. At the same time, if all are getting Basic salary (PF qualifying salary) of more than 6500 right from the beginning then none will be covered. For reason that an employee received less than 6500 due to leave without pay, he will not come under PF cover.
Madhu.T.K
From India, Kannur
Madhu.T.K
From India, Kannur
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
PF applicability.p df