Dear Seniors,
Kindly furnish me appropriate answer for my query as mentioned below:-
As we know that pf ceiling limit is going to be enhanced from September 2014 onwards upto 15000, before it was 6500 .
previously If any employee who was having basic more than 6500 per month, then it was optional for him to choose PF deduction or not. (let assume that in this case employee monthly drawn salary is 12000 p.m )
Gross=Rs.12000
Basic (60%)=7200
so he can be exempted from PF Deduction./ if company wishes, can provide the pf facility over 6500. (780 per month)
My query is that now form September 2014 onwards. according to new rule those all employee who are drawing less than 15000 pm will be liable to have PF Deduction on monthly basis on the over all amount of basis.
Thus those all employees will require new registration for EPF form sep 2014, who were not enrolled in epf in the past due to old ceiling limit of 6500????
Will it create any problem to employer??
kindly provide your valuable suggestion at earliest. looking for appropriate reply .
Thanks
Neetu Bisht
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Kindly furnish me appropriate answer for my query as mentioned below:-
As we know that pf ceiling limit is going to be enhanced from September 2014 onwards upto 15000, before it was 6500 .
previously If any employee who was having basic more than 6500 per month, then it was optional for him to choose PF deduction or not. (let assume that in this case employee monthly drawn salary is 12000 p.m )
Gross=Rs.12000
Basic (60%)=7200
so he can be exempted from PF Deduction./ if company wishes, can provide the pf facility over 6500. (780 per month)
My query is that now form September 2014 onwards. according to new rule those all employee who are drawing less than 15000 pm will be liable to have PF Deduction on monthly basis on the over all amount of basis.
Thus those all employees will require new registration for EPF form sep 2014, who were not enrolled in epf in the past due to old ceiling limit of 6500????
Will it create any problem to employer??
kindly provide your valuable suggestion at earliest. looking for appropriate reply .
Thanks
Neetu Bisht
[Login to view]