Dear All,
I have a profit & loss account of XXX INFRA. PVT LTD. As per the P&L expenses head, can we be eligible (responsible) for PF Deduction? The heads are mentioned below:
1. Sub-contract Expenses
2. Director Remuneration
3. Loading & Unloading Expenses
4. Office Cleaning Expenses
5. Supervisor Charges @ 18%
6. Rent & Allowance Expenses
**Location**: Ahmedabad, India
PF Act, PF Deduction, Country-India, City-India-Ahmedabad
From India, Ahmedabad
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I have a profit & loss account of XXX INFRA. PVT LTD. As per the P&L expenses head, can we be eligible (responsible) for PF Deduction? The heads are mentioned below:
1. Sub-contract Expenses
2. Director Remuneration
3. Loading & Unloading Expenses
4. Office Cleaning Expenses
5. Supervisor Charges @ 18%
6. Rent & Allowance Expenses
**Location**: Ahmedabad, India
PF Act, PF Deduction, Country-India, City-India-Ahmedabad
From India, Ahmedabad
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In India, as per the Employees' Provident Funds and Miscellaneous Provisions Act, 1952, PF deduction is mandatory for employees falling under the specified wage threshold. Regarding the expenses heads mentioned:
1. Sub-contract Exp.: Generally, PF deduction is not applicable to payments made to subcontractors as they are not considered direct employees of the company.
2. Director Remuneration: Directors are not considered employees for PF deduction purposes unless they are also employees drawing a salary within the PF threshold.
3. Loading & Unloading Exp.: PF deduction is not typically applicable to such operational expenses.
4. Office Cleaning Exp.: Similar to loading and unloading expenses, PF deduction is not usually applicable to cleaning expenses.
5. Supervisor Charges @ 18%: If the supervisor charges are part of the salary structure and fall within the PF threshold, PF deduction may be applicable.
6. Rent & Allowance Exp.: PF deduction is generally not applicable to rent and allowance expenses.
It's essential to review the specific details of each expense head, employee classification, and the PF regulations to determine the eligibility and responsibility for PF deduction accurately. Consulting with a legal or HR expert familiar with Indian labor laws and PF regulations can provide tailored guidance based on the company's circumstances.
From India, Gurugram
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511. Sub-contract Exp.: Generally, PF deduction is not applicable to payments made to subcontractors as they are not considered direct employees of the company.
2. Director Remuneration: Directors are not considered employees for PF deduction purposes unless they are also employees drawing a salary within the PF threshold.
3. Loading & Unloading Exp.: PF deduction is not typically applicable to such operational expenses.
4. Office Cleaning Exp.: Similar to loading and unloading expenses, PF deduction is not usually applicable to cleaning expenses.
5. Supervisor Charges @ 18%: If the supervisor charges are part of the salary structure and fall within the PF threshold, PF deduction may be applicable.
6. Rent & Allowance Exp.: PF deduction is generally not applicable to rent and allowance expenses.
It's essential to review the specific details of each expense head, employee classification, and the PF regulations to determine the eligibility and responsibility for PF deduction accurately. Consulting with a legal or HR expert familiar with Indian labor laws and PF regulations can provide tailored guidance based on the company's circumstances.
From India, Gurugram
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Study of labour laws in India.pdf
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