Dear sir
We are a SSI unit, having about 37 employees and are covered under both PF & ESIC.
This query is regarding PF contribution @12%.
4 of our employees have crossed the limit of Rs. 6500 some time back and due to Ignorance we have been deducting PF @12% on the higher pay all these period.
Some of our other employees who have been drawing below Rs. 6500 are also likely to cross the limit of rs. 6500/ shortly.
Now we have been advised to e file our PF from Apl2012 and have an option to deduct PF at the pay of Rs. 6500.
Please advice
1. If we can now take the option for reduced deduction of PF for the 4
Employees and deduct PF on Rs. 6500/= while their actual salary
will may be more than Rs. 6500/=
2. For the other employees can we deduct PF on Rs. 6500/ even while
their salary might have crossed Rs. 6500/=
Please advice.
Yours truly,
PONNAPPAN PJ, Managing Director,
Southern Union Pharmaceuticals (Kerala) Pvt. Ltd.,
T.R.NAIR ROAD, XI/778,
We are a SSI unit, having about 37 employees and are covered under both PF & ESIC.
This query is regarding PF contribution @12%.
4 of our employees have crossed the limit of Rs. 6500 some time back and due to Ignorance we have been deducting PF @12% on the higher pay all these period.
Some of our other employees who have been drawing below Rs. 6500 are also likely to cross the limit of rs. 6500/ shortly.
Now we have been advised to e file our PF from Apl2012 and have an option to deduct PF at the pay of Rs. 6500.
Please advice
1. If we can now take the option for reduced deduction of PF for the 4
Employees and deduct PF on Rs. 6500/= while their actual salary
will may be more than Rs. 6500/=
2. For the other employees can we deduct PF on Rs. 6500/ even while
their salary might have crossed Rs. 6500/=
Please advice.
Yours truly,
PONNAPPAN PJ, Managing Director,
Southern Union Pharmaceuticals (Kerala) Pvt. Ltd.,
T.R.NAIR ROAD, XI/778,