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Search for "Salary Breakup Excluded Employee Pf"


Need to verify the salary breakup asap - can anyone tell me if this is breakup is correct or not
Hi i have got this offer from a company for ctc of 29.4 lpa. below is the ctc breakup they gave me wanted to check if this is correct breakup or not according indian rule. please can any one tell me if this is breakup is correct or not and should i accept it or not asap? monthly annual basic salary 50 122500 1470000 hra 40 49000 588000 lta 9375 112500 pf contribution by employee 12 14700 176400 special allowances 49425 593100 total gross salary 245000 2940000 deduction: pf contribution by employee 12 14700 176400 professional tax pt 200 2400 net salary grosstotal deductions 230100 2761200 thanks in advance
Clarification fo excluded employee under epf
Dear all i need to have some information about excluded employees as per the pf act. if a new staff member is employed whose starting pay is lets assume 7000/ rs. ; i understand he can be considered as exculded employee. what happens if he/she was employed somewhere else and is having a pf account already as at the time he/she was employed in the previous firm his/her pay was under 6500/ if i employ such a person do i have to continue contributing towards his pf even though the time i employ him/her ; he actually falls under the excluded category. if i can still deem him as excluded employee is there some form / declaration which needs to be taken. does it have to be submitted to local pf office. any help in this regards will be appreaciated. thanks in advance.
Salary breakup with only pf
Hello everyone i have a doubt till now my company was not having pf and only pt was getting deducted but know they want me to start up with pf so how will i do salary breakup as there is no other deduction done. kindly help me with solution. regards sonal gupta
Excluded employee under pf act 1952
Dear all who is excluded employee in respect of p.f. act 1952 ? who is final authority to regarding excluded employee ? if a new joinee give false information to the new employer regarding his pf deduction in earlier company than who his responsible for this ? regards arun pareek
Persons who have withdrawn the pf are also excluded employees
Hello everyone i have read a lot about purpose of pf form no. 11 on google and on citehr which is as follow 1 if the new joinee was earlier a member of pf and if yes he should be given coverage even if his salary is more than rs 15000 2 if the new employee was not a member of pf in the past he can be excluded in the present company also provided his pf qualifying salary exceeds rs 15000. a person receiving pf pension or persons who have withdrawn the pf are also excluded employees. recently an pf inspector visited our office and asked us to provide coverage to the employees who was previously a member of pf on a basic scale of rs 15000. but some of our employees has already withdrawn their pf amount from their previous company. as i have read persons who have withdrawn the pf are also excluded employees now how i should proof this statement in front of pf inspector. members i need your help in this regard if any one can share any government petition on this will be a great help or share any other way to prove this statement. thanks & regards v s anju
Is salary breakup necessary under law?
Dear seniors our company follows a salary structure with the breakup with components like basic hra conveyance & other allowance forming the gross salary. pf esi & professional tax is deducted as per rules & this forms the employee s take home. my management wants to review this salary breakup.i would like to know whether : 1 salary break is compulsory under law? if so can you provide the rule which states so? 2 say i am paying an amount rs. 18000/ to an employee as per my current salary structure this 18000 becomes the ctc 60 of ctc forms the basic 40 of basic forms the hra and the remaining is divided proportionately into conveyance & other allowance and pf & esic deducted as per rules. my question is can i consider 18000 just as it is without providing any breakup and if the employee is eligible for pf & esi we are ready to pay this. 3 all i want to clear is what is the purpose of a salary breakup other than to exempt employees above pf esic limits from the same? does any rule state that salary has to have a breakup? 4 what about pf & esi rules. is that mentioned anywhere that wages should necessarily be basic and gross respectively. i mean if the employees' salary is say rs. 14000/ can i not pay both pf & esic on 14000? we are not in the favour of violating any laws we were just curious to know the exact rule which governs the various components of salary structure??? actually i took 3 examples with different salary range and explained to my management that by considering the remuneration paid to an employee say rs. 18000/ as a fixed amount without any breakup we are violating the law because in this case we are deliberately placing the employee out of the purview of both pf & suppose we take salary of rs. 14000/ and pay both pf & esic on this amount we end up paying a higher pf & esic as a breakup of the same into gross and basic would have resulted in a smaller amount being paid. with a staff strength of more than 270 employees we will end up paying substantially in pf & however my boss wants me to back up my answer with the laws & statutes.please guide me with your inputs. i know that breakup of salary structure is the norm in industries but what if the breakup is not there???