Pf Contribution - Pdf Download - Pf Contributions

Madhu.T.K
Incentives will not attract Pf contribution but incentives paid on a monthly basis will attract ESI. As per ESI act all payments made in an interval of not more than two months shall be treated as part of wages. That means if you pay incentives quarterly, you can exclude it.
Regards,
Madhu.T.K
gainknowledge555
Dear Seniors,
Company XYZ pays Outstation allowance to employees on a monthly basis. Is the payment of Outstation allowance eligible for PF deductions?
Does Outstation allowance fall under the purview of Definition of Basis wages as per EPF Act?
Your point of view will be highly appreciated.
Regards,
Suresh
subbarao.v
Dear Suresh
A employee was covered under the EPF ACT in previous organization when he was getting
basic salary greater than Rs.6500/.When he joins in present organisation,his basic is greater than Rs.6500/- but employee is not willing for PF, BUT EMPLOYERS' must take responsibilities for PF though employee is not interested because, enforcement officer may come for inspection that time he may point put to enroll under PF. That time PF contribution will be accumulated.
For avoiding this, employer insists employee to get certificate from previous employer that he has not contributed any pf for these employee.Any way employer must ascertain this.
With regards
v.subbarao
Madhu.T.K
Dear Suresh,
Since outstation allowance is an allowance given to some special category of employees it will fall under special allowance and allowances which are paid to a particular category of employees will not form part of salary for the purpose of PF deduction.
Regards,
Madhu.T.K
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute