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
606

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

If You Are Knowledgeable About Any Fact, Resource or Experience Related to This Topic and Want to Be Part of Such Discussions in Future - Please Register and Log In to Cite Community.







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