Company Deducting PF Contribution Of Employee As Well As Employer?

sharadc7
Company is deducting PF contribution of employee as well employer from my salary only. Is this right?
Jai Bhuvan
PF Contribution 12 % From Employee
PF Contribution 12 % From Employer
In Addition 0.85%, 0.50%, 0.01% or 200 Which ever is higher from Employer
Glidor
if the agreement is CTC basis with employee, then the employer reduce the special allowance to the employer's part of contribution.
where CTC is not in force, employer has to pay his own share of contribution.
debasish.hr123
Company mentioned deductions and allowances in Offer letter (Cash In Hand). Most of the time company deducting PF of both Ee and Er from Employee salary. So you have to check your offer letter for know about these deductions.
kannanmv
The employer can deduct only employee's share from his salary & remit it to employee's PF account subject to ceiling prescribed. Deducting employer's share of 12% from employee is contrary to the provisionsender of act.
The reason why employer shows in CTC component is to arrive at the Cost incurred by the Company in respect of the employee & this can't be recovered from employee.
Bharat Gera
Dear Friend,
You have not clarified that you are covered under CTC concept or you are getting paid plain salary on the monthly basis. What are the terms of appointment and what is there in the salary slip, without examining these facts it is difficult to give correct answer. Please share all these details.
FYI, CTC is not a legal concept.
If you are knowledgeable about any fact, resource or experience related to this topic - please add your views. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone. Join To Contribute