Hi,
In our organisation currently we have PF contribution from both employee and employer (12%+12% on Basic+DA) from the day the organisation has started, we do not have any capping of 6500.
Organisation is planning to go for capping of 6500 for both employee and employer wef July 12 ( planning to contribute only rs 780 from both the side). i would like to know the following:
1- can a company start capping of 6500 in the middle of the year.
2- if the capping is done in middle of the year is there is any formalities done wrt EPF office (any intimation to PF department)
3- is there any forms that needs to be filled by employee and employer and submitted to PF department.
Seniors kindly suggest in this regard.
Rgs
Sinchana
In our organisation currently we have PF contribution from both employee and employer (12%+12% on Basic+DA) from the day the organisation has started, we do not have any capping of 6500.
Organisation is planning to go for capping of 6500 for both employee and employer wef July 12 ( planning to contribute only rs 780 from both the side). i would like to know the following:
1- can a company start capping of 6500 in the middle of the year.
2- if the capping is done in middle of the year is there is any formalities done wrt EPF office (any intimation to PF department)
3- is there any forms that needs to be filled by employee and employer and submitted to PF department.
Seniors kindly suggest in this regard.
Rgs
Sinchana