Re: IS PF COMPULSORY

If employee wants to contribute more than 12% it is again limited only to 12% of Basic not more than that.
kripa

That Means as a total he can contribute up to 24% of his Basic
12% ---- Statutory
12% ----- Voluntarily
and in addition 12% of Employer.
Pls. Correct if Wrong.
Thanks,
Rahul

If employee voluntarily wishes to pay more than 12% it is again limited only to 12% of basic not more than that

ya employee needs to declare he/she wants to deduct his Pf on Gross not on basic ,so definitely his contribution would be increase,but any case contribution is 12%.but total ammount will be increase.

Manjali,
i am Vishwa Sehgal The Head Human Resources of an international BPO. Answering your query the liberty to come out and stop paying can only happen in Personal provident fund.
In the company books once the PF is deducted and the employee is drawing less than 6500/- , It is mandatory to remain on the PF deduction.
but once the slab of salary goes up, he or she can opt for the same amount instead of 12% of the basic.
Feel free to contact me at the same email Id or call me at 9967573663
take care
Vishwa

Dear Mehul Mehta
If you want to contribute more than there is no problem but the contribution of the Employer will remain same.
Darshak Mehta

Dear Mr.Kumar !
Yes.
PF deduction is compulsory.
There is a Statutory Act regarding the PF i.e. is "The Employees Provident Fund and Miscellanious Provisions Act".
The Major benefit with the coverage of PF is, if any employee works for One day and on any reason if he/she dies, his/her dependant spouce will get the pension for whole life, and two children will get a minimum amount for their education until they get the age of 21 if boy, 25 if girl.
I think you better understood what is the benefit with PF coverage.
Regards.
KARANLAL,
Manager-HR&Admn

Where the number of employees is 20 the establishment will be covered. However, contribution in respect of those 5 employees whose salary is below 6500 will have to be deducted and contributed.
Regards,
Madhu.T.K

Dear Kumars,
Please click o0n the link below, it might be of help to you:
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Regards,
SC

Dear All,
I have a doubt in Pf, I am aware that Basic or Basic + DA = 6500 the Contribution can be exempted.But what is the role of Minimum wages act on this part is there any rule on which the basic and DA should be with specified amount -- Please advice.....
Thans
Pandey