DEAR SIR, THOSE WHO ARE GETTING STIPEND OR CONSOLIDATED SALARY ARE THEY ARE ELIGIBLE FOR PF.DEDUCTION? HOPE YOUR KIND RESPONSE, REGARDS MITESH.
From India, Bangalore
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1From India, Bangalore
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I am working as a Management Trainee with a PSU and I am on consolidated salary for one year. I am getting PF deducted from my salary.
From India, New Delhi
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From India, New Delhi
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Well, as per my knowledge PF is deducted on consolidated salary. IR & Legal Gurus your attention is required.
From India, Delhi
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From India, Delhi
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Dear all,
PF deduction is a statutory requirement for any organization with 20 or more employees. PF is calculated on the Base salary and DA. The employee contribution is 12% of Base salary + DA, if any. The employer contribution is 13.61%. Out of these, 3.67% goes to PF contribution and 8.33% to EPS. The remaining covers EDLI and administrative expenses. If the Base salary is Rs. 6500 or more, then the EPS contribution will be a maximum of Rs. 541. Such employees also fall under the category of exempted employees.
Thank you,
Anil
From India, Ahmadabad
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PF deduction is a statutory requirement for any organization with 20 or more employees. PF is calculated on the Base salary and DA. The employee contribution is 12% of Base salary + DA, if any. The employer contribution is 13.61%. Out of these, 3.67% goes to PF contribution and 8.33% to EPS. The remaining covers EDLI and administrative expenses. If the Base salary is Rs. 6500 or more, then the EPS contribution will be a maximum of Rs. 541. Such employees also fall under the category of exempted employees.
Thank you,
Anil
From India, Ahmadabad
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My company pays me a consolidated amount which includes my PF contribution. Can I register on EPFO (Govt. of India)? How do I apply for PF deduction online?
From India
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From India
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SALARY with out PF Deduction.xls
Employee Benefits.doc