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nira.sinha
Dear All,
Need help in terms of how to introduce PF to existing employees. Though my company doesn't fall under compulsory PF Deduction norms still we wanted to inform employees that they can opt for PF voluntarily. Can someone help me with a draft that can be sent to all employees mentioning the benefits etc.
Also, is there any cap for Employee contribution?
Thanks in advance

From India, Delhi
Srinath Sai Ram
609

EPF & EPS Wage Ceiling is Presently @Rs15,000/-PM. EPF Wages-Basic+DA+VDA. Employee Share@12% Employer Share@13.15%. You should obtain PF Code Number. EPF is a Beneficial Legislation
From India, New Delhi
nira.sinha
Is it mandatory for any organization with more than 20 employees to have PF deduction? Also, what percentage of CTC should be the basic salary?
From India, Delhi
Gwt
1

Yes. It is mandatory to have PF deduction and generally organisations allocate 50% of CTC as a basic salary.
From India, Hyderabad
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