As I'm new to the field I have few doubts on PF. Can anyone tell me... Its very urgent... plz?
1.when should we make payment of PF every month.I mean the last date for payment I suppose is 25th of every month. Is that correct or any changes are made? Plz let me know...!
2. Employer's contribution also is 12% then why to pay for EDLI ? Contribution towards EDLI is 0.5% and its administrative charges include 0.01%. now my doubt is when 3.65%+8.33% = 12% then why to make payment for EDLI ? is it necessary for all the establishments?
3. Will basic change as per the salary hike? (basic is calculated on 55% or 70%) or will it remain the same? Is it standard for all the establishments?
4. Some employees in our organisation refused PF due to financial problems. Is it legal to retain them from PF in that case?
Plz clarify my doubt.............
21st March 2015 From India, Guntur
Hi Answer no 1- within th 15 days of payment made to employee Answer 2, 3 & 4 - pls call I’ll explain you.
21st March 2015 From India, Kolkata
1- PF payment must be paid by the 15th day of every month
Also Note- Depositing PF within 15 days of close of the month does not necessarily mean the month starting 1st to 30th. Where wages month starts from 16th to the 15th to the following month, depositing PF contribution within next 15 days will be appropriate and it will not be termed as delay in deposit PF -Delhi Press Patra Prakashan Ltd. vs. The Regional Provident Fund Commissioner and Others Delhi H.C.
for other query you can call me
10th April 2015 From India, Kolkata
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