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Showing Visitor Messages 1 to 10 of 21
    minkooo: Respected Sir,

    I have been following your post for quite some time and every time there is something new which I am able to learn by simply following your replies.Sir today I have one query which I wish to submit before you for your kind guidance.

    Sir, I know that as per the amended pension fund provisions regarding fresh members having Wages more than Rs.15000/- and joining on or after 01.09.2014, will not be enrolled as member of the pension scheme as was the case earlier. Now my question is:-what will be the pension fund membership status of the an employee who had joined a company on 01.09.2014 on basic wages of Rs.,20000/- and both the employee and employer was contributing on full pay and hence he was not given pension fund membership. Now if joins a new company on basic wage rate of Rs.25000/- but where the contribution is restricted on wages upto Rs.15000/-. Will the employee be enrolled as member as pension fund member or not at the new company.


    vikashr82: Sir,
    I would appreciate if you throw some light on the query which i asked you via private msg
    naziyasm@gmail.com: Thank you,

    I will try convincing him
    abbasiti: Va Alaikkumussalam,

    Generally PF is applicable on Basic+DA. If it is 7000, then contribution to PF will be 840 only. There was a move from EPFO to contribute on total emoluments, but it didn't get materialized. Hence either your employer has to increase your basic+DA or EPFO has to include all factions of salary for PF contribution.

    on 30th October 2014 10:11 AM
    naziyasm@gmail.com: Because am calculating in my current company as
    Basic 15000
    Pf 12% 1800

    But the company next door is calculating on 7000 12% 840 & my boss is making my life hell here after knowing this pls kindly advice
    naziyasm@gmail.com: Assalamwalaikum Bhai,

    I have a doubt in PF new slab pls advice.

    As per new amendment of PF what will be the basic for PF calculation.

    For Ex:
    Gross is 35000
    Basic is 7000
    HRA is 3500 50% of Basic
    Trav Allow is 800
    Med Allowance is 1250
    Personal Allowance 22450

    Pf calculated on 7000*12% is 840 is this right
    tatkare_finance2012@yahoo.in: Dear Sir,

    Greetings for the day!
    I have joined a new organization in Mumbai. Due to the recent changes in PF slab, I need to educate my employee what PF and ESIC is all about, benefits offered, all forms, etc. Mainly PF and other linked schemes life Pension, EDLIS, how can one avail the benefit, when can it be availed, forms and documents required....all data related to PF Act and ESIC.
    Can you plz help me Sir? Its my first assignment of Training and i need to do the best which wont be possible without the experts guidance.
    May i have PPT for the above mentioned purpose?
    Shweta Swarnkar: Thanks a lot for the explanation.

    Shweta Swarnkar: Dear Mr. Abbas,

    This is regarding clarification about your post.
    "The above cited clause is amended w.e.f 08.01.2011 vide GSR 9(E). Now the above accumulation or 20 times of salary (subject to a salary ceiling of Rs. 6500) whichever is high will be as EDLI.
    The maximum possible accumulation in this case is Rs. 8532, and average for one month is Rs. 2699 - (A)
    20 times of 6500 is Rs. 1,30,000 - (B)
    Therefore whichever is high out of (A) & (B) is (B), i.e. Rs. 1,30,000 which will be paid towards EDLI."

    Can you please clarify, how you calculated Rs. 8532 ?

    rakeshmba: hello,

    Can you please go through below query-
    its urgent---



About Me

  • About abbasiti
    Palakkad, Kerala
    Designation / Occupation
    Assistant Engineer, Indian Telephone Industries, Palakkad


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  • Last Activity: 22nd November 2017 04:44 PM
  • Member Since: 7th May 2010

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