Important Update on PF Contributions
Please find attached a news report from the Times of India confirming that employers do not have to make PF contributions on other allowances that are part of the salary. This information may come in handy until the official notification regarding the same is issued.
Regards
From India, New Delhi
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320Please find attached a news report from the Times of India confirming that employers do not have to make PF contributions on other allowances that are part of the salary. This information may come in handy until the official notification regarding the same is issued.
Regards
From India, New Delhi
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Please note that the Central P.F. Commissioner, via their letter dated 18th March 2014 (copy attached), has already communicated to all RPFCs in this regard. I hope you will find the information provided satisfactory for your queries.
Thanks & Regards,
RKB
From India, Gandhidham
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Thanks & Regards,
RKB
From India, Gandhidham
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Dear All, I have one query. My company pays the salary amount as a gross, without any breakup. Now that I have joined the organization, I am planning to handle all aspects.
Since there is no basic salary, PF benefits are not provided. If I create a breakup, can I deduct PF with effect from this month, or do I need to deduct it from the date of joining? If yes, is there any hard proof?
Regards, Jyoti
From India, Pune
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Since there is no basic salary, PF benefits are not provided. If I create a breakup, can I deduct PF with effect from this month, or do I need to deduct it from the date of joining? If yes, is there any hard proof?
Regards, Jyoti
From India, Pune
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Employer-PF-res trict to wages of Rs 6500.pdf