Dear Sir/Madam,
A company has a branch in Bangalore and is deducting EPF based on actual basic salary. Now, they are opening a branch in Delhi and have applied for a separate code for EPF. They want to follow a restricted method of EPF calculation for the Delhi branch. Please suggest if it is acceptable to have different types of deductions under the same entity.
From India, Delhi
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4A company has a branch in Bangalore and is deducting EPF based on actual basic salary. Now, they are opening a branch in Delhi and have applied for a separate code for EPF. They want to follow a restricted method of EPF calculation for the Delhi branch. Please suggest if it is acceptable to have different types of deductions under the same entity.
From India, Delhi
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Under a single PAN, separate codes cannot be allotted. However, they can apply for a subcode under Section 2. They will be assigned a code with the suffix 001 under the branch. For each code allotted, they can file ECR and pay separately.
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Thank you, sir.
Can we follow branch-wise different methods of EPF calculation? Bangalore on actual basic and Delhi on restricted salary of 15000 maximum. I tried to find this in the EPF act and employer FAQ but found no information. Please advise.
From India, Delhi
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Can we follow branch-wise different methods of EPF calculation? Bangalore on actual basic and Delhi on restricted salary of 15000 maximum. I tried to find this in the EPF act and employer FAQ but found no information. Please advise.
From India, Delhi
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There is no bar to maintain both ways; the department's concern is up to 15000/- only. Anything over 15000/- is a matter between the employee and employer. If both agree to pay over 15000, then they can proceed with it.
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EPF Act.ppt