PF Contribution After Salary Increase
If we are deducting PF from an employee because his basic salary is less than 15,000 Rs., and it is mandatory to have PF contribution, what happens after an appraisal when his CTC increases and his basic salary exceeds 15,000 to 16,500 Rs. (let's say)? Is it still mandatory to deduct his PF contribution from his salary because we were deducting it in the past when it was mandatory for him?
Rule for PF Enrollment and Salary Increase
Is there any rule that if a person is enrolled in PF while joining as per the salary and PF rules, it is mandatory that PF should be a part of his salary even if his salary is raised and he is out of the PF bracket?
From India, Lucknow
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If we are deducting PF from an employee because his basic salary is less than 15,000 Rs., and it is mandatory to have PF contribution, what happens after an appraisal when his CTC increases and his basic salary exceeds 15,000 to 16,500 Rs. (let's say)? Is it still mandatory to deduct his PF contribution from his salary because we were deducting it in the past when it was mandatory for him?
Rule for PF Enrollment and Salary Increase
Is there any rule that if a person is enrolled in PF while joining as per the salary and PF rules, it is mandatory that PF should be a part of his salary even if his salary is raised and he is out of the PF bracket?
From India, Lucknow
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Hi There, PF to be deducted @ 12% of Basic / Basic + DA. If basic is increased and if its exceeding Rs. 15000, PF to be deducted on 15000 only (15000*12% = 1800). Thanks, Akash
From India, Secunderabad
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9From India, Secunderabad
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Once person enrolled in PF then it is mandatory to deduct his PF @ 12%,though he crossed limit of Rs.15000 ; however you can have ceiling of Rs 15000 while calculating PF.
From India, Pune
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From India, Pune
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No contribution on salary exceeding statutory limit under EPS 8.11.2013.pdf
SC Judgment-No obligation to excess contribution than Statutory Limit.docx