Hi All,
If an organization has more than 20 employees and no one is drawing a salary less than 6500/- per month, is it fine if they do not deposit PF, OR should all of them deposit a minimum of 12% of 6500 rs, that's 780?
Regards,
Richa
From India, Mumbai
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If an organization has more than 20 employees and no one is drawing a salary less than 6500/- per month, is it fine if they do not deposit PF, OR should all of them deposit a minimum of 12% of 6500 rs, that's 780?
Regards,
Richa
From India, Mumbai
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Hi, Richa, as per Epf Act Basic + DA =6500 is limit. as per employee intrest otherwise leave it. kishor
From India, Thana
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14From India, Thana
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Dear Richa,
As per the P.F. Act of 1952, there is a limit of basic + DA = 6500. This means that if the employee's basic + DA equals 6500 or more, then it depends on the employee's interest whether it is deducted or not. However, if the PF is not deducted, you have to obtain a consent letter from the employees.
Thanks,
Kalpesh Parmar
From India, Ahmadabad
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As per the P.F. Act of 1952, there is a limit of basic + DA = 6500. This means that if the employee's basic + DA equals 6500 or more, then it depends on the employee's interest whether it is deducted or not. However, if the PF is not deducted, you have to obtain a consent letter from the employees.
Thanks,
Kalpesh Parmar
From India, Ahmadabad
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