Dear all, I wanted to know what the rules are for PF deductions. My employer is deducting 24% of my basic salary in the name of PF, stating that 12% is the employee's contribution and 12% is the employer's contribution. However, if that is the case, then I should be contributing 12% of my basic salary, and the employer should contribute 12% from their pocket.
Rules for Private Sector PF Deductions
What are the rules for private sectors? I work in a hospital. Please help me. This is happening to all employees. Anticipating an early reply.
Regards, Sneha
From India, Pune
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Rules for Private Sector PF Deductions
What are the rules for private sectors? I work in a hospital. Please help me. This is happening to all employees. Anticipating an early reply.
Regards, Sneha
From India, Pune
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What are the terms and conditions you signed when joining your company? If the fixed salary stated in the terms and conditions is a part of the Cost to Company (CTC), then the company can deduct both from the CTC. However, if the CTC does not specify this, deducting the Employer Provident Fund (PF) from your gross salary is against the law.
Before coming to any conclusions, please seek clarification from the Offer of Employment issued by your employer.
Best of luck.
From India, Kumbakonam
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1189Before coming to any conclusions, please seek clarification from the Offer of Employment issued by your employer.
Best of luck.
From India, Kumbakonam
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PF Calculation Sheet To The Subscribers At the Time Of Provident Fund Withdrawal.pdf
PF-Know Employees Provident Fund-CHART-L-4. doc