Dear seniors,
i have a few queries which are as follow :
Q1. an employee who is drawing basic salary of rs 6501 or above and he has become a member of provident fund by his/her own wish (as we all know it is not mandatory for such employees to become a member of PF) so please tell me is the employer is liable to pay contribution in respect of these kind of employees? if no then why? also tell example of some establishment where such policies are being practiced.
Q2. under employees provident fund and (miscellaneous provisions) act 1952, we have three funds, i.e. provident fund, pension fund and deposit linked insurance fund. tell me how much contribution are deposited in these funds from employee and employer side.( plz tell me the detail break up of employee and employer 12% contribution)
thanx
sonu_xiss
i have a few queries which are as follow :
Q1. an employee who is drawing basic salary of rs 6501 or above and he has become a member of provident fund by his/her own wish (as we all know it is not mandatory for such employees to become a member of PF) so please tell me is the employer is liable to pay contribution in respect of these kind of employees? if no then why? also tell example of some establishment where such policies are being practiced.
Q2. under employees provident fund and (miscellaneous provisions) act 1952, we have three funds, i.e. provident fund, pension fund and deposit linked insurance fund. tell me how much contribution are deposited in these funds from employee and employer side.( plz tell me the detail break up of employee and employer 12% contribution)
thanx
sonu_xiss