Hi Everyone! I saw a couple of posts on this topic but I am still confused.
In my organisation (manufacturing industry) of about 100 odd employees (workers as well as staff, managers, etc.) we have opted for ceiling of deduction i.e. contribution is limited to basic of 6,500/- Recently we have appointed two directors whose basic salary is more than 6,500/- and company wishes to contribute more than 12% of 6,500/- only for the two directors, leaving rest of the employees in the ceiling limit.
On the PF webiste, there is mention of voluntary contribution and also in the Act, however, I have received contradictory advise from the concerned officers. When I call the PRO, he says "appoint me as your consultant" and gives vague replies. I am confused:confused:
Can the seniors help me with a concrete advise?
Thanks in advance.
Kalpana Iyer
In my organisation (manufacturing industry) of about 100 odd employees (workers as well as staff, managers, etc.) we have opted for ceiling of deduction i.e. contribution is limited to basic of 6,500/- Recently we have appointed two directors whose basic salary is more than 6,500/- and company wishes to contribute more than 12% of 6,500/- only for the two directors, leaving rest of the employees in the ceiling limit.
On the PF webiste, there is mention of voluntary contribution and also in the Act, however, I have received contradictory advise from the concerned officers. When I call the PRO, he says "appoint me as your consultant" and gives vague replies. I am confused:confused:
Can the seniors help me with a concrete advise?
Thanks in advance.
Kalpana Iyer