Navigating New PF Rules in Delhi: How Do You Handle Salary Breakdowns and Deductions?

Hi, I work for a company in Delhi that offers PF facilities to employees. I need to clarify the following: 1. The PF amount required to be submitted to the PF authority based on the new rules, given the post-LTA and medical deduction resulting in salaries of 19,833 and 10,000. 2. The PF deduction from employees' salaries as per the updated regulations. 3. The salary breakdown for employees who opt out of PF with a salary of 22,000. 4. The procedure for uploading employees' KYC details on the PF portal.

To address your queries:

1. The PF contribution is calculated as a percentage of the employee's basic salary and dearness allowance. As per the new guidelines, the current PF contribution rate is 12% of the basic salary from both the employer and the employee. Therefore, you need to submit 12% of the respective employees' basic salary and dearness allowance to the PF authority.

2. The PF deduction from employees' salaries should also be 12% of their basic salary and dearness allowance. Ensure this deduction is accurately reflected in their salary slips.

3. For employees who choose not to opt for PF with a salary of 22,000, their salary breakup should include components such as basic salary, house rent allowance (HRA), special allowances, and any other applicable allowances. It's crucial to ensure compliance with the minimum wage requirements and other statutory regulations.

4. To upload employees' KYC details on the PF portal, you can visit the official EPFO website and follow the guidelines provided for KYC updation. Ensure all necessary documents are collected and uploaded securely to complete this process efficiently.