Hi any one can help me ? whether PF applicable for director or not?
From India, Madras
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From India, Madras
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dear Bharthi, yes pf applicale to all those name in muster roll and upper limit is rs 6500/=
From India, Delhi
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27From India, Delhi
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Those whose basic salary is below Rs 6500, the PF is applicable to them. But when it goes above that, it is dependent on the employee to be a member of PF or not. They can submit an application for the cancellation of EPF membership.
From India, Pune
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From India, Pune
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hii is PF also applibabe in educational institutions haveing 10-15 staff ?? Regards, JAGJEET
From India, Vijayawada
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From India, Vijayawada
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Dear Bharthi Director of the company is an employee also. Any employee of the company should be included in the membership of EPF scheme.
From India, Surat
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From India, Surat
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Dear,
If the director of the company is an employee and receives a basic salary of less than 6500 at the time of joining, then he has to be a member of the PF. If his basic salary is more than 6500, then it is the management's choice to make him a member or not.
Thanks,
J. S. Malik
From India, Delhi
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If the director of the company is an employee and receives a basic salary of less than 6500 at the time of joining, then he has to be a member of the PF. If his basic salary is more than 6500, then it is the management's choice to make him a member or not.
Thanks,
J. S. Malik
From India, Delhi
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Dear Barathi,
PF will be applicable to all the salaried employees in any organization. I need clarification regarding whether the director is Indian or a foreigner, as this will determine the applicability.
In any case, any employee who is drawing a salary from the employer is eligible for PF deduction.
From India, Hyderabad
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PF will be applicable to all the salaried employees in any organization. I need clarification regarding whether the director is Indian or a foreigner, as this will determine the applicability.
In any case, any employee who is drawing a salary from the employer is eligible for PF deduction.
From India, Hyderabad
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Ya! Bharati,
PF has to be deducted for employees in the organization subject to the condition that the Wage/Salary (Basic salary/Wage + D.A. + Retaining Allowance + Cash Value equivalent to food concession) should not exceed 6,500/- per month. If the Wage/Salary is higher than 6,500/-, the deduction depends on the agreement between the Employer and Employee. If they submit a joint N.O. Form (Para 26 (6)), contributions can be made as usual. Every employee serving the organization, whether employed as a Director or laborer, must have PF deductions, following the above conditions.
The PF deduction rate is usually between 10-12%, varying by industry.
Best regards,
P. Sathish Kumar
From India, Jaipur
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PF has to be deducted for employees in the organization subject to the condition that the Wage/Salary (Basic salary/Wage + D.A. + Retaining Allowance + Cash Value equivalent to food concession) should not exceed 6,500/- per month. If the Wage/Salary is higher than 6,500/-, the deduction depends on the agreement between the Employer and Employee. If they submit a joint N.O. Form (Para 26 (6)), contributions can be made as usual. Every employee serving the organization, whether employed as a Director or laborer, must have PF deductions, following the above conditions.
The PF deduction rate is usually between 10-12%, varying by industry.
Best regards,
P. Sathish Kumar
From India, Jaipur
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SALARY with out PF Deduction.xls
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