Supreme Court Judgment :Establishment is not oblized to contribute PF in Excess of Statutory Limit
Dear All,
Recently, the Supreme Court has pronounced land-mark judgment wherein the Court categorically ruled that the employer/establishment is under an obligation to pay provident fund to its employees in accordance with the provisions of statutory scheme 1952 and the establishment(s)/employer(s) can not be compelled to deduct provident fund contribution in excess of its statutory limit i.e. Rs. 6500/-.
Establishment's/Employer's is not obliged to contribute provident fund in Excess of Statutory Limit. i.e Rs.6500 as prescribed under PF act-1952.
This judgement was given in the matter of Marathwada Gramin Bank Karamchari Sanghatana and another Versus Management of Marathwada Gramin Bank and Others, 2011 LLR 1130.
Thanks
Kamal P
Dear All,
Recently, the Supreme Court has pronounced land-mark judgment wherein the Court categorically ruled that the employer/establishment is under an obligation to pay provident fund to its employees in accordance with the provisions of statutory scheme 1952 and the establishment(s)/employer(s) can not be compelled to deduct provident fund contribution in excess of its statutory limit i.e. Rs. 6500/-.
Establishment's/Employer's is not obliged to contribute provident fund in Excess of Statutory Limit. i.e Rs.6500 as prescribed under PF act-1952.
This judgement was given in the matter of Marathwada Gramin Bank Karamchari Sanghatana and another Versus Management of Marathwada Gramin Bank and Others, 2011 LLR 1130.
Thanks
Kamal P