We are following the Limit of 15000/- of BP+DA for PF contribution, commanlly applicable to all eligible employees in our company.
Now One new joinee who was contributing in his last / previous company 12 % on Basic salary (BP+DA) without any limit ,,, i.e. on 50,000/- BP + DA = 6000/- PF equal from Employee as well from Employer share i.e 12000/-.
Now the Q is that what will be legal complication from PF office on us ( Employer) - in case of
we maintain our limit of max 15000/- and contribute 12 % on Employee part + 12 % on Employer part, as a part of common policy for all employees in the company........
but it result in that :- in his (new joinee's) last co. PF contribution was 6000 + 6000 = 12000/- but now it reduced to 1800/- + 1800 = 3600......
Please clarify if it causes any risk of challenge from PF office due to lowering in contribution amount from 12000/- to 3600/- .... is it mandatory for us to maintain PF contribution according to his previous company policy of contributing PF on total Basic salary (BP+DA) without any limit.
Humble request for early reply from Labour law Professionals in the common benefit for all.....
Regards
Vikas
Now One new joinee who was contributing in his last / previous company 12 % on Basic salary (BP+DA) without any limit ,,, i.e. on 50,000/- BP + DA = 6000/- PF equal from Employee as well from Employer share i.e 12000/-.
Now the Q is that what will be legal complication from PF office on us ( Employer) - in case of
we maintain our limit of max 15000/- and contribute 12 % on Employee part + 12 % on Employer part, as a part of common policy for all employees in the company........
but it result in that :- in his (new joinee's) last co. PF contribution was 6000 + 6000 = 12000/- but now it reduced to 1800/- + 1800 = 3600......
Please clarify if it causes any risk of challenge from PF office due to lowering in contribution amount from 12000/- to 3600/- .... is it mandatory for us to maintain PF contribution according to his previous company policy of contributing PF on total Basic salary (BP+DA) without any limit.
Humble request for early reply from Labour law Professionals in the common benefit for all.....
Regards
Vikas