I have some questions related to PF:
1) Co already contributing employer share on Rs 6500 & above. Can they limit their contribution to Rs 6500?
If it company contribtion is continuing, company can not stop it. But they have optuion with new joining under para 34 of PF Rules
2) In pt No 01 can the company totally stop paying contribution since the employees are anyway above Rs 6500?
No. If the PF membership is continuing it cannot stop.
3) If Company is paying as per Pt no 1 for all old employees, can it exclude new employees (drawing above Rs 6500) from liability.
Yes they can do , refere para 34 PF rules
4) If answer to Pt 1,2,3 is YES then what formalities should be done to ensure compliance?
Would appreciate a point by point reply for bringing in clarity
attribution https://www.citehr.com/460492-pf-lia...#ixzz2TcFdsEBb
1) Co already contributing employer share on Rs 6500 & above. Can they limit their contribution to Rs 6500?
If it company contribtion is continuing, company can not stop it. But they have optuion with new joining under para 34 of PF Rules
2) In pt No 01 can the company totally stop paying contribution since the employees are anyway above Rs 6500?
No. If the PF membership is continuing it cannot stop.
3) If Company is paying as per Pt no 1 for all old employees, can it exclude new employees (drawing above Rs 6500) from liability.
Yes they can do , refere para 34 PF rules
4) If answer to Pt 1,2,3 is YES then what formalities should be done to ensure compliance?
Would appreciate a point by point reply for bringing in clarity
attribution https://www.citehr.com/460492-pf-lia...#ixzz2TcFdsEBb