No Tags Found!


priya-puri
If we are deducting PF of an employee as his basic is less than 15000 Rs. and it is mandatory to have PF contribution and after an appraisal his CTC is increased and his basic also exceeds from 15000 to 16500 (lets say), is it still mandatory to deduct his PF contribution from his salary because we were deducting in past when it was mandatory for him.
Is there any rule that if a person is enrolled in PF while joining as per the salary and PF rules, it is mandatory that PF should be a part of his salary even if his salary is raised and he is out of PF bracket.

From India, Lucknow
koolakash02
9

Hi There, PF to be deducted @ 12% of Basic / Basic + DA. If basic is increased and if its exceeding Rs. 15000, PF to be deducted on 15000 only (15000*12% = 1800). Thanks, Akash
From India, Secunderabad
ulhasnewale
2

Once person enrolled in PF then it is mandatory to deduct his PF @ 12%,though he crossed limit of Rs.15000 ; however you can have ceiling of Rs 15000 while calculating PF.
From India, Pune
priya-puri
Thank you for the advise...It resolved my query...
From India, Lucknow
Anonymous
87

Once you are in PF, always in PF! Does this rule have any reference with sections or clauses or or Rules or Notifications?
From India, Kolkata
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.