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pmathur
I was getting 7500 Rs.take home salary in my previous job. but there was no pf deduction sort of thing......Now i came to know that pf is deducted on a min of 6500 Rs. Can anybody explain this??? I am confused....
From India, Bharat
kalyan.chky
1

Mr.Mathur P
PF wage slab is Rs.6500
where PF wage includes: Basic+DA+RA
Example :
Actual salary say :7500 (fixed by company)
basic percentage 50% of actual salary or salary you received with OT or other allowances if may varies
then, Basic of your salary: (50/100)*7500= 3750
Now,
your PF wage:3750
Employee PF contribution rates: 12%
Employer PF contribution rate: 3.67%
Employer Pension contribution rate: 8.33%
Thus your(Employee) PF contribution rate only deducted from your PF wage 3750 which is (12/100)*3750=450
Please go through your Basic of salary and percentiles of PF of related rules of schedule industries/factories/establishment of you state rules of factories since percentage varies for sick industries, others too.
Regards
Kalyan

From India, Bangalore
pmathur
Hello Kalyan... u hv told me the pf amount but they wr not deducting it. i was getting 7500 in hand. Hello Stephen, It was a big group with different branches. In my branch,thr wr at least 20 people.
From India, Bharat
ajeetkumar309
Dear All,
i have started my career as HR Assistant but due to lack of functional knowledge i have again joined a Company as a Recruitment trainee. What should i do on this stage of my career.
What about to work at the some outsourcing form like addeco, Ikya, Manpower, Teamlease etc.
Regards

From India, Delhi
kalyan.chky
1

Dear Ajeet kumar
well you haven't depicted your qualification. HR today has a very broad inner meaning as its consolidation grown vast rather than prior personnel management.To make a career in HR there is no shortcut or smart method, move your self from one step of its career to another.Please post your qualification and your areas of interest- Recruitment:Technical/IT;Non technical recruitment;
IR domains, welfare & admin domains i mean personnel aspect and T&D and HRD aspects. All we need in HR is to strong endurance and greater will this will give a lucrative career its a raw fact. well the HR forum is here to help each other.
Regards
Kalyan

From India, Bangalore
kalyan.chky
1

Mr.Mathur P
You said in your previous job your take home salary is Rs.7500, now are you in the same place, same profession have you ever took your payslip; you said yours is a branch then it could be commercial establishment connected to HO/Factory since you haven't mentioned your company type . Mathur EPF regulations cannot effect a establishment which could be covered under prior 1996 or before shops & estd act registration as at the time of its registration its man power is less than 10 and not get itself registered to EPFO even after. all i can help in this is give details of your company related factory either seasonal or non seasonal and its related head office, shops- ware houses; establishments- Branches all these concerns since here we deal with Business Laws as well as Labour laws. Stay in touch .......
Regards
Kalyan

From India, Bangalore
jessica_david
Hi PF contribution is 12% & if you were getting basic salary more than 6500 then you are liable to contribute on 6500 only.
From Pakistan, Islamabad
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