I am working in an manpower consultancy as Junior Manager and drawing a consolidated salary of Rs 20,000/- . Till date they have not issued me any salary slip and never disclosed the salary structure therefore I have no Idea about my basic salary etc. I just want to know as per the latest rule of PF contribution, is it mandatory to for my organisation to deduct PF from salary or not?
It is mentioned in the revised EPF rule ( in effect from Sep 2014) that EPF is mandatory for employees whose salary is less than Rs15,000/-. please tell this Rs 15000/- refers to basic salary or gross salary??

From India, undefined
R B Yadav
Advocate & Management Consultant On Labour
Om Prakash Maurya
Assistant Engineer, Indian Telephone Industries,
Junior Manager


Dear Mr.Rupesh.Akhouri, Generally PF is contributed on basic+DA. But on a consolidate payment how can it possible to bifurcate into different components? Abbas.P.S
From India, Bangalore
R B Yadav

Dear Rupesh
The provisions of the EPF and MP Act, 1952 are applicable upon all such employees whose basic salary is upto Rs. 15000/- per month (as per latest notification). If you are drawing the equal and below the maxium ceiling as basic salary, obviously you will be considered as a member of the EPF Scheme otherwise will be treated as an exempted employee but in that situation, Management has to obtained Form no 11 (New) from you.
R B Rao

From India, Mumbai
Om Prakash Maurya

Dear Rupesh,
An employee whose basic, DA and food allowance if any, is within Rs.15000.00 falls under the purview of EPF. As far as your case is concerned you are drawing consolidated salary Rs.20000.00 in this case I would like to know wheather you are covered under ESIC or not for further suggesstion.

From India, Lakhimpur

If you are knowledgeable about any fact, resource or experience related to this topic - please add your views.

About Us Advertise Contact Us Testimonials
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2023 CiteHRŽ

All Material Copyright And Trademarks Posted Held By Respective Owners.
Panel Selection For Threads Are Automated - Members Notified Via CiteMailer Server