Applicability Of PF In Retaining Amount As Per PF Act

dine2
Dear Member,
Can you guide me about applicability of PF in Retaining amount as per PF Act
What is Retaining Amount as per the Act
ratikanta
Dear Dine,
Retaining Allowance means an allowance payable for the time being to an employee of any factory or other establishment during any period in which the establishment is not working for retaining his services. Retaining allowance is payable to all employees in all seasonal factories like sugar factories.
Ratikanta Rath
Madhu.T.K
Let me complete what Rathi has said by adding that for Retaining Allowance PF is applicable.
Regards,
Madhu.T.K
sandeep@2013
In our company employees basic salary is above 7500, if there salary is below 6500 after leave deduction in any month, EPF is applicable ? (employee strength more than 20)
Sandeep
Madhu.T.K
If there are more than 20 employees then, naturally, Pf will be applicable to the establishment. At the same time, if all are getting Basic salary (PF qualifying salary) of more than 6500 right from the beginning then none will be covered. For reason that an employee received less than 6500 due to leave without pay, he will not come under PF cover.
Madhu.T.K
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