We were making a payment of maximum PF of Rs.6500.00 on the basic salary of Rs.8000/-.Have we to pay Rs.960/- per the new amended rules of PF.Please advice
From India, Mumbai
2From India, Mumbai
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
+2 Others
Yes, you have to remit 12% on 8000 resulting to an amount of Rs. 960 to EPF. Abbas.P.S
From India, Bangalore
From India, Bangalore
Also please note that the PF is not only payable on the basic salary , but on Dearness Allowance and all other allowances that are payable regularly in terms of the employment . It is not payable on HRA, Overtime allowance, Bonus , Commission or any other payment in the nature of commission
From India, Kolkata
From India, Kolkata
Dear All,
I am also confuse regarding how much % to be deducted.
1.Suppose i have an employee and his drawn salary is 14800/- Gross per month. And he is not the member of EPF but now as per direction of EPF deptt. PF ceiling increased by 15000/-, here is my question is he eligible for EPF member or not.
2. Having new recruitment and his proposed salary is Rs. 13954/- Gross per month........ is she eligible for EPF or not....
Dear / Seniors, please suggest me what should i do....?
Hope for early reply from your side.
Thanks & Regards
From India, Delhi
I am also confuse regarding how much % to be deducted.
1.Suppose i have an employee and his drawn salary is 14800/- Gross per month. And he is not the member of EPF but now as per direction of EPF deptt. PF ceiling increased by 15000/-, here is my question is he eligible for EPF member or not.
2. Having new recruitment and his proposed salary is Rs. 13954/- Gross per month........ is she eligible for EPF or not....
Dear / Seniors, please suggest me what should i do....?
Hope for early reply from your side.
Thanks & Regards
From India, Delhi
Dear Bhagat R K, In the above both cases, PF has to be remitted. Now it is statutory to pay PF for a salary upto Rs. 15,000/- Abbas.P.S
From India, Bangalore
From India, Bangalore
Dear Abbasiti,
Suppose if a employee gets 14950/- Gross per month and we maintain his salary break-up as Basic: 6000, HRA: 2600 Conv. 800, Spl. Allow.: 5550. Now my question is it is valid or not ? Second question is Can we manipulate his basic salary Higher / Lesser or its mandatory to deduct his PF untill his salary cross 15000/- limit.
From India, Delhi
Suppose if a employee gets 14950/- Gross per month and we maintain his salary break-up as Basic: 6000, HRA: 2600 Conv. 800, Spl. Allow.: 5550. Now my question is it is valid or not ? Second question is Can we manipulate his basic salary Higher / Lesser or its mandatory to deduct his PF untill his salary cross 15000/- limit.
From India, Delhi
Dear Bhagat,
Whether your posting is on PF remittance or pay structure? As far as PF is concerned, 12% of basic+DA (in this case Rs. 6000) has to be remitted to PF. Regarding manipulation, I am unable to answer.
Abbas.P.S
From India, Bangalore
Whether your posting is on PF remittance or pay structure? As far as PF is concerned, 12% of basic+DA (in this case Rs. 6000) has to be remitted to PF. Regarding manipulation, I am unable to answer.
Abbas.P.S
From India, Bangalore
[QUOTE=rakesh_bhagat26@rediffmail.com;2188794]Dear All,
I am also confuse regarding how much % to be deducted. - same 12% on basic
1.Suppose i have an employee and his drawn salary is 14800/- Gross per month. - keep 50% or more in basic and deduct 12% on that.
14800 - basic could be 7500 hence deduction is 900 + employer contribution is also 900
And he is not the member of EPF
this is not possible unless you have a pf trust to give more benefits
but now as per direction of EPF deptt. PF ceiling increased by 15000/-, here is my question is he eligible for EPF member or not.
2. Having new recruitment and his proposed salary is Rs. 13954/-
even if your housekeeping staff receives 7000 as salary you should (have) deduct the epf.
***
reach my mail
for more clarification and assistance.
From India, Chennai
I am also confuse regarding how much % to be deducted. - same 12% on basic
1.Suppose i have an employee and his drawn salary is 14800/- Gross per month. - keep 50% or more in basic and deduct 12% on that.
14800 - basic could be 7500 hence deduction is 900 + employer contribution is also 900
And he is not the member of EPF
this is not possible unless you have a pf trust to give more benefits
but now as per direction of EPF deptt. PF ceiling increased by 15000/-, here is my question is he eligible for EPF member or not.
2. Having new recruitment and his proposed salary is Rs. 13954/-
even if your housekeeping staff receives 7000 as salary you should (have) deduct the epf.
***
reach my mail
From India, Chennai
Provident fund.zip
PROVIDENT FUND.rar
PROVIDENT FUND.doc