Thread Started by #Charu Singh banyal

In some Service Providers companies PF are not deducted from the Gross salary ..pl tell me is this legal or not ? Means if the Salary of one employee is less than 20k per month,o pf is mandatory to deduct and if one's salary per month is above 20k month then pf is not mandatory to deduct. kindly give me the appropriate reply so as to better understand the concept of pf ..
4th July 2018 From India, Delhi
Hello there,
Every company who are registered with shops and establishment act or factories act has to contribute their PF and their employees PF every month(this only applicable for employees count is more than 20) - it is a statuary law.
the current slab of PF is 21,o00 or equal, people whose salary is more than that can voluntarily can apply the PF to continue the service.
4th July 2018 From India, Hyderabad
But my company is a size of more than 20 employees , recently our MD has decided not to contribute to PF whose salary is more than 20k per month means for the new joiners , but those employees who are already contributing to PF , they cant be dropped in between and continued for the same. And one more thing , my company is associated with the third party to submit the pf and esic challans as earlier there was no HR person ..so is it possible , the company can submit the pf and esic challans by the third party..and if its so , the company is paying extra cost for the same even after having HR person in the company . Means what say u , if i suggest to the company not to associate to the third party for the same , means the company is bearing extra cost upon them even after having the HR person.
5th July 2018 From India, Delhi
Hi Charu,
Actually i have heard that Nowadays in few companies PF-ESI work is handling by accountants or CA's . Some Companies have HR who is handling this work. So i think its management's will or decision from whom they want to get it done.
Regards:-
Veronica Singh
HR
30th August 2018 From India, Ludhiana
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