Hello All I am having problem regarding PF deduction. Can we deduct PF from Gross Salary excluding HRA?
From India, New Delhi
From India, New Delhi
PF deduct only on BASIC+DA. It will not deduct on gross salary only ESIC deduct on gross salary.
From India, Gurgaon
2From India, Gurgaon
EPF APPLICBLE OF BASIC+DA
PRESENT RATES OF CONTRIBUTION BY CONTRIBUTIONACCOUNTS ADMINISTRATIONACCOUNTS
EPF EPS EDLI EPF @@ EDLI @@
EMPLOYEE 12% /10% ## 0 0 0 0
EMPLOYER Difference of EE
share and Pension
Contribution
8.33% ## 0.5% ## 0.85% !!
[w.e.f. 01-01-2015]
0.01% $$
10% rate is applicable for
Any establishment in which less than 20 employees are employed.
Any sick industrial company and which has been declared as such by the Board for Industrial and Financial
Reconstruction
Any establishment which has at the end of any financial year, accumulated losses equal to or exceeding
its entire net worth and
From India, New Delhi
PRESENT RATES OF CONTRIBUTION BY CONTRIBUTIONACCOUNTS ADMINISTRATIONACCOUNTS
EPF EPS EDLI EPF @@ EDLI @@
EMPLOYEE 12% /10% ## 0 0 0 0
EMPLOYER Difference of EE
share and Pension
Contribution
8.33% ## 0.5% ## 0.85% !!
[w.e.f. 01-01-2015]
0.01% $$
10% rate is applicable for
Any establishment in which less than 20 employees are employed.
Any sick industrial company and which has been declared as such by the Board for Industrial and Financial
Reconstruction
Any establishment which has at the end of any financial year, accumulated losses equal to or exceeding
its entire net worth and
From India, New Delhi
Dear sir Deduction of effort basic+d.a. Epf deduct one time after that if the basic+d.a up of the ceilling amount. We can not stop Deduction of epf
From India, Pune
From India, Pune
Dear Aakash,
with regard to PF on gross the Madras High court has given the judgement in one of cases that Exclude the HRA all the allowances shall be the part of Wages for the chargability of PF however the review petition has been filed in supreme court. Hence this issue is awaiting on supreme court judgement whether PF contribution shall be mede inclusive allowances exclude the HRA or not. till then follow the existing wages definition as per sec 2(b) of the said act. charge PF on Basic plus DA?
Thanks & Regards
V SHAKYA
HR & Labour, Corporate Laws Advisor
From India, Agra
with regard to PF on gross the Madras High court has given the judgement in one of cases that Exclude the HRA all the allowances shall be the part of Wages for the chargability of PF however the review petition has been filed in supreme court. Hence this issue is awaiting on supreme court judgement whether PF contribution shall be mede inclusive allowances exclude the HRA or not. till then follow the existing wages definition as per sec 2(b) of the said act. charge PF on Basic plus DA?
Thanks & Regards
V SHAKYA
HR & Labour, Corporate Laws Advisor
From India, Agra
Dear Sir,
Latest contribution of epf sharing ratio as given below-
A/c No 1 =12% EE
A/c No 1 =3.67% ER
A/C No10 =8.33%
A/c No 2 =0.65% w.e.f 01.04.2017
A/c No 21=0.5%
A/c No 22=0.01%
Minimum Admin Charge=500/- A/c No-02
Min. Inspection Charge = 200/- A/c No 22
Non Contribution min. admin & Inspection Charge =75/- & 25/-
From India, Pune
Latest contribution of epf sharing ratio as given below-
A/c No 1 =12% EE
A/c No 1 =3.67% ER
A/C No10 =8.33%
A/c No 2 =0.65% w.e.f 01.04.2017
A/c No 21=0.5%
A/c No 22=0.01%
Minimum Admin Charge=500/- A/c No-02
Min. Inspection Charge = 200/- A/c No 22
Non Contribution min. admin & Inspection Charge =75/- & 25/-
From India, Pune
You can do so. But what will happen is gross salary will be considered as basic salary for calculation of gratuity. This is so as you intend to deduct PF on gross salary whereas it is to be deducted on basic & DA, if any.
From India, Mumbai
From India, Mumbai
Hi Admin charges reduced to. 65% and inspection charges NIL we’d 1.4.2017 Regards Pranesh
From India, Bangalore
From India, Bangalore
Dear Mr Suresh Kaushik, you have mentioned that "A/c No 22=0.01%" Please note that w.e.f 01/04/2017 "No Sum is payable towards EDLI Admin Charges i.e A/C # 22
From India, New Delhi
From India, New Delhi
Hello All
Greetings of the Day!
I want one more help from you guyz. Actually I m working in a company where about 100 Employees works.
And the company is telling me to provide best scheme regarding PF and ESI contribution. Can anybody help me regarding the scheme. (i.e. How can I help the company with lowest expenses on PF contribution ?)
I mean how can I include less employee in PF contribution?
From India, New Delhi
Greetings of the Day!
I want one more help from you guyz. Actually I m working in a company where about 100 Employees works.
And the company is telling me to provide best scheme regarding PF and ESI contribution. Can anybody help me regarding the scheme. (i.e. How can I help the company with lowest expenses on PF contribution ?)
I mean how can I include less employee in PF contribution?
From India, New Delhi
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HC All - Trainees not covered for PF -2010.pdf
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