HRMGSKKV
Kindly clarify the doubt about PF deduction. If an employee crosses the salary of Rs.15000 in the middle of his service, can we stop PF deduction as he crosses the PF ceiling? Is there any section in PF ACT related to this?
From India, Chennai
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
KK!HR
Management Consultancy
HRMGSKKV
Hr Manager

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.



KK!HR
1344

The legal position is that once a PF member, he will continue to be so till the member attains superannuation or is terminated from service for any other reason. The EPS membership will cease on attaining 58 years of age. The member has the option of limiting his contribution to the ceiling amount or a bigger amount similarly the employer also has that option.
From India, Mumbai
PRABHAT RANJAN MOHANTY
530

The employer will deduct @12% of Rs.15000 or any other limit notified by the EPFO till end of his service.
From India, Mumbai

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