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Hello members,
I have a query regarding PF deduction. If employee was never been member of RPFC and his/her basic is more than 15000. Also S/He signed form11, is it mandatory to deduct PF or it is voluntary.
I have a query regarding PF deduction. If employee was never been member of RPFC and his/her basic is more than 15000. Also S/He signed form11, is it mandatory to deduct PF or it is voluntary.
No! It is not mandatory. If at all you are willing to consider EPF then both 125of EE + 12 ER to be contributed to EPF only & there is no EPS
Right now, the max. wages for PF contribution/membership eligibility is Rs.15,000/-. But it is to be raised to Rs.21000/- in line with ESIC. Pls stay updated. Thks
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#Listed In: pf contribution compensation and benefit statutory complaince pf deduction City-India-Mumbai Country-India
Online payment of PF mandatory from 1.1.2016.pdf
