As advised by PF authorities, Last three months i.e MAY, JUN & JUL we have deducted 10% EPF contribution from employees instead of 12%. Is there any further notification in this regard for the month of Aug deduction... please let me know
So far no further notification has been issued. I don't think anything is in the pipeline either. Let me update as and when such a thing emerges in due course.
Pl.remember, all establishments have to revert to 12% contribution as the reduced rate of 10% was made applicable/limited only for these 3 months as no further extension seems to be forthcoming.
Kindly suggest. We have 20 labours waorking on daily wage rate of 593/- , 4 persons worked for 26 days in a month, their gross amount is 15418/ we deducted pf on 15000/- . Rest of the persons worked for say 22 days @ 593/- per day, their gross is Rs 13046/- . what should be the amount on which pf should be deducted.
Dear Gulshan-Mehta,
PF will be deducted on Rs. 13046 i.e. gross drawn.
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