Dear Friends,
Can anyone advise me on the following issue: We have about 800 employees working with us. All are now PF members, and their salary is more than Rs. 10,000 per month. Is it now possible for exemption for those whose salary is more than Rs. 6,500?
Regards,
From India, Mumbai
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Can anyone advise me on the following issue: We have about 800 employees working with us. All are now PF members, and their salary is more than Rs. 10,000 per month. Is it now possible for exemption for those whose salary is more than Rs. 6,500?
Regards,
From India, Mumbai
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dear now you can not help in this regard.once you have made member he will continue to be a member of PF till he is in this organisation. for new commers you can exempt them. tks js malik
From India, Delhi
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174From India, Delhi
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Dear, U have to see, whether the employee was the member of PF with the previous employer, if he was the member of PF, take the declaration in From 11. Regards Vipin:icon1:
From India, New Delhi
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From India, New Delhi
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Hi,
As Mr. Mallik mentioned, it is correct. You can apply these rules to new employees.
Secondly, you have inquired whether the employees' salary is more than 10,000/- per month. Is it referring to the basic salary or gross salary?
If the employees' basic salary exceeds 6500/-, then this rule will be applicable. However, if the employees' gross salary is over 10,000/- and the basic salary is below 6500/- per month, then you should consider that particular employee as a PF member.
Regards,
From India, Mumbai
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As Mr. Mallik mentioned, it is correct. You can apply these rules to new employees.
Secondly, you have inquired whether the employees' salary is more than 10,000/- per month. Is it referring to the basic salary or gross salary?
If the employees' basic salary exceeds 6500/-, then this rule will be applicable. However, if the employees' gross salary is over 10,000/- and the basic salary is below 6500/- per month, then you should consider that particular employee as a PF member.
Regards,
From India, Mumbai
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Dear all,
Once you become a member of PF, it is not possible to terminate the account even if you cross Rs. 6,500/- (Basic + DA) mark. If your account is closed, then there is no need to open a new account.
Similarly, if a new employee joins your company and has not closed his account previously, he is liable to continue his account in the present company.
Kennedy Balaraman
From India, Coimbatore
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Once you become a member of PF, it is not possible to terminate the account even if you cross Rs. 6,500/- (Basic + DA) mark. If your account is closed, then there is no need to open a new account.
Similarly, if a new employee joins your company and has not closed his account previously, he is liable to continue his account in the present company.
Kennedy Balaraman
From India, Coimbatore
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Hi All, I require a help with the PF statements. What is the manner in which we can know that what is the available balance in the PF accounts for each of our employees. Thanks Richa
From India, Delhi
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From India, Delhi
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Dear Friend,
If the basic wages of an employee are more than 6500, the employee is exempted. However, if you pay his contribution during the period from March 2008 to February 2009 in any month, then you pay his contribution for February 2009. After submitting the return of PF, the employee is exempt in the month of March 2009, and you need to send Form 10 to the PF office along with the monthly return for March 2009, including his name and PF account number. Following that, the employee's membership is terminated.
Thanks/Regards,
Parvez
From India, Delhi
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If the basic wages of an employee are more than 6500, the employee is exempted. However, if you pay his contribution during the period from March 2008 to February 2009 in any month, then you pay his contribution for February 2009. After submitting the return of PF, the employee is exempt in the month of March 2009, and you need to send Form 10 to the PF office along with the monthly return for March 2009, including his name and PF account number. Following that, the employee's membership is terminated.
Thanks/Regards,
Parvez
From India, Delhi
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