Our Managing Director has PF deductions in one private company. Can he also have deductions in PF from his remuneration in other group companies? Kindly clarify.
Only full-time working directors drawing a salary or wages are entitled to PF entitlement. If a person is working full-time at one establishment, then he cannot be full-time at another. Mere sitting fees do not confirm the wages or salary definition.
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