vijayakumar-dilli
One of our associates is requesting to reduce his employer's PF contribution for more take-home. We cannot revise the CTC structure for this one associate alone due to our internal policy. Is there a way to address this request without changing the CTC structure?
We would also like to know the statutory regulation part of this request? As an employer, should we honor this kind of request? OR Is this at the company's discretion?
Looking forward to your advice and suggestions.

From India, Bengaluru
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Vijayakumar-dilli
Director - Human Resources
Glidor
Hr Consultant

Use factoHR and automate your HR processes

Mobile-first hire to retire HR and Payroll software that automates all HR operations and works as a catalysts for your organisational growth.



Glidor
624

@Vijaykumar
EPF contribution can be fixed at 15000/- and if it is currently above 15000, then it may be fixed on a written request from employee, however to avoid any onward complication it would be good to take any decision of contribution of march payable in april ( EPF financial year is march to feb contributions)
PF contributions which are paid on the amount below 15000 can not be reduced except the absence
Balance is policy matters discussion between employee, HR and employer


If you are knowledgeable about any fact, resource or experience related to this topic - please add your views.







About Us Advertise Contact Us Testimonials
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2022 CiteHRŽ

All Material Copyright And Trademarks Posted Held By Respective Owners.
Panel Selection For Threads Are Automated - Members Notified Via CiteMailer Server