PF Deduction - Pf Deductions [Thread 402494] - CiteHR
Jeevarathnam
Sr. Manager Hr/admin
Subbarao.v
Esi & Pf Consultant
Tigst_HR
Senior Hr-adminstrator
+6 Others

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Hi,
One of our employee wants to have PF deduction as he is out of slab. So kindly let me know the procedure. He is willing to contribute both employee & employer contributions.
Waiting for reply.
Meena

Hi Meena
Try to convice your management to contribute ER contribution from the company itself. If employee demands then the company has to contribute. If company is not accepting you can adjust his PF contribution in his Gross salary or CTC. But in pay slip don't disclose as both the contribution is from his wages.
:)

yes. If employee basic exceeds then based on some criterias he shall be excempted.
But there are some clauses where in even He/She will be eligibility
1) Due to increment or promotion if His basic exceeds above 6500/- then PF contribution is mandatory
2) Due to change of job/new appointment if in provious company he is eligible for EPF contribution then even the new employer also should contribute.
Any doubts do cal me
:)

Now how to enroll him along with existing list & also how his contribution be made. Pl let me know the procedure
Hi All,

Greetings from AJAY !!

( Sub : For a period of 12 months,If my PF deduction is 780/- and the Company Contribution is 894/-(as highlighted in Salary slip) ,what should be the total amount available in my PF account . .)

I used to work in a company located in B'lore.Even though the company was running from past 8 Yrs approximately ,The PF & ESI came in to existence in the year 2010.I worked there for one year after I was entitled for deductions.I mean my PF & ESI amount has been deducted for a period of 12 months before I got relieved from that company . .

And the PF amount of Rs.780 has been deducted successfully from Jun 2010 to Jul 2011..

I checked my PF account status online and I got a msg saying "EPF balance in A/C No. XXXXX is EE Amt :Rs. 6419, ER Amt :Rs.1967 as on 09-04-12(Accounts updated upto 31-03-2011)-EPFO . .

List of my doubts are highlighted below,Kindly suggest me on the same with more clarity as I am very new to this ..

1) What do you mean by EE Amt which is 6419/-

2) What do you mean by ER Amt:which is 1967/-

3) Few of my salary slips says "Company Contribution for PF is 894/-( I could not see this Company Contribution column in all the payslips of mine but in very few months slips )

4) If they have contributed 894/- every month ,What should be the PF amount in my account.

5) Will the company contribute simultaneously along with our deductions of PF

6) What should be my next steps if the company has not contributed me very month if my 5th point holdsgood.

Awaiting your speedy response at the earliest . .

Regards,

AJAY

9036885966

Dear colleagues sorry about my destruction but i want to know about your pf legislations can you elaborate it for me please
Before year “In my country we don’t have limitation with the amount of the salary it depends on the companies consent and the employee’s willingness but it will not be less than 10% of the employee’s salary “but now specially employees who join any governmental or privet organizations after June 24, 2011 all employees are enrolled to Pension scheme which is 5 %from the employee and 7% from the organization

Dear Meena
Those who are crossing Rs.6500(if new employee & starting salary) we need not cover the PF. Based on discretion of the management,if management is willing to contribute ok
with regards
V.SUBBARAO
9841103098

Hi Meena,
AS per the PF guidelines, basic salary has to be < Rs.6500/- to be eligible for PF coverage and if an employee has crossed this limit, then PF eligibility ceases and it becomes voluntary contribution and it is discretionary for the management to contribute its share.
But most of the companies to be on the safer side calculate the PF contribution on the minimum as stated above and contribute their share, thus avoiding complications.
The other alternative for this employee who wants to contribute both share from his salary, would be to avail the PF contribution on the cut off limit of 6.5k and go in for a PPF account for the balance amount on which he could claim 80C deduction upto Rs.1.0 lac and also the returns by way of interest from PPF is also exempted from IT.
Raj.

Hi,
PF deduction and contribution is to be waived for the following cases only:
i. For Trade trainees since they are involved in training and it should not be considered as a case of employment.
ii. For any employees whose basic salary is more the Rs.6500/PM provided the same happens to be first job and so he/she should not any PF code alloted/assigned to the candidate.
III. For employees switching from one organization to another and the candidate had partially/fully withdrawn his fund from PF authority and in such cases Form 11 has to be signed by the candidate and handed over to his/her new employer as a decleration for such withdrawal made.
Thanks & Regards
Arnab Dasgupta
Pyramids Staffing Solutions Pvt Ltd
9038713576

Dear Sir,
In case of exempted employee coverage, it is a policy of management. Some managments may consider
to contribute to the employee who is drawing salary morethan Rs.6500 to contribute but restricting to
Rs.6500/-.
Many employers may deny to enrol as they are not eligible as per Act. pl. consult your employer - and
follow as per their instructions.
D.Gurumurthy
LL.HR.IR Consultant,'
Hyderabad.


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