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Epf ceiling limit
Some consultants suggesting epf ceiling limit is fixed to 6500/.the employer is liable to pay contribution only on 6500/ whatever is the basic salary is it right? or if employees basic salary over and above the ceiling limits 6500/in such cases what we have to do. please let me know the break up & also kindly explain me the changes in epf rules2012. thanks in advance brinda
Epf – joining salary below ceiling limit
If an employee joins with a salary below rs.6500/ and then when the salary grows beyond that ceiling limit in subsequent years what is employers liability with respect to epf? 1 is employer obligated to pay epf on entire salary or only up to the ceiling limit? 2 can employer stop contribution to epf since the salary is beyond ceiling limit? regards krishna.
Bonus calculation - gross salary is to be considered for the ceiling limit or the basic salary?
Dear all how to calculate bonus for below ctc : in rs 13720 hra 6860 conv 2500 med 2000 2500 6720 34300 pf ee r cont 1646.4 ptax 200 take home 32454 ctc/ 35946 is the employee eligible for a bonus? gross salary is to be considered for the ceiling limit or the basic salary?
Ceiling limit @ legal terminology in epf & esic
I am interested in this topic and want certain clarifications. 1. salary for pf deduction has been raised to amount limit? 2.salary for esi deduction has been raised to amount limit? 3. what a/c no. 1 a/c no. 2 a/c no. 21 a/c no. 22 stands for; can some body help me with this breakup why this a/c no. have been designated and their purpose behind it by the pf deptt.? pf cont. cont. a/c i 3.67 of basic 12 of basic 3.67 12 a/c ii 1.1 of basic 1.1 of basic a/c x 8.33 of basic 8.33 of basic a/c xxi 0.5 of basic 0.5 of basic a/c xxii 0.01 of basic 0.01 of basic t o t a l 13.61 of basic 12 of basic 25.61 of basic regards duke dipakmalik gmail.com
Sec 1(6) of payment of wages act.
Dear seniors as per sec 16 of payment of wages act. the ceiling limit is 18000/ if salary/wages is exceed 18k the act. will not be applicable to that employee/workers. pls clarify weather this ceiling limit is for salary basic plus da or gross salary or net salary regds ashish
Query on increase on pf wage ceiling limit
Dear all reference to the increase in the pf wage ceiling limit in case an employee s basic salary is less than 15000 should the employer increase the salary of the employee to 15000 in this case there is increased cash outflow for the employer. or should all the other allowances/reimbursements of the employee added to basic to equal the basic to 15000/ in this case the take home of the employee reduces due to the increased contribution to pf on the revised basic. what is the call taken by various organisations. please provide your valuable inputs. regards veena attribution