Respected Sir/Madam, with greetings, I am Hari Om Jha and I would like some information regarding PF.
PF Deduction from Salary
Q-1: When is PF deducted from the salary - for employees with the minimum salary (---------) or the maximum salary (----------)? I have observed during my training in an organization that PF is not deducted for anyone.
Necessity of PF Deduction
Q-2: Is it not necessary to deduct PF?
Thank you.
From India, Ghaziabad
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1PF Deduction from Salary
Q-1: When is PF deducted from the salary - for employees with the minimum salary (---------) or the maximum salary (----------)? I have observed during my training in an organization that PF is not deducted for anyone.
Necessity of PF Deduction
Q-2: Is it not necessary to deduct PF?
Thank you.
From India, Ghaziabad
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1. All are eligible to allow pf deduction max limit is 6500/-PM of basic salary. even they are getting more have to be deduct on 6500/- 2. Yes its mandatory
From India, Hyderabad
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From India, Hyderabad
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HI, Whose basic salary is more than 6500/- can get exempted by submitting form11. Regards vishwanath
From India, Hyderabad
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From India, Hyderabad
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I suggest you please go through the definitions given under Para-2 (f) of the EPF Scheme for the exact meaning of such legal matters.
In simple words, it can be said that a person whose basic pay at the time of joining a covered establishment is up to Rs. 6500, or if he is already a member of EPF by virtue of his earlier employment, is statutorily a member. However, in case his basic pay is more than Rs. 6500 at the time of joining, he may become a member with the mutual consent of the employer if he was not a member earlier in his previous employment.
If the wages exceed Rs. 6500 during the regular course of employment, the employer may restrict deductions up to the statutory limit of Rs. 6500.
Regards,
A K CHANDOK RPFC (Retd.) <link no longer exists - removed>
From India, Chandigarh
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In simple words, it can be said that a person whose basic pay at the time of joining a covered establishment is up to Rs. 6500, or if he is already a member of EPF by virtue of his earlier employment, is statutorily a member. However, in case his basic pay is more than Rs. 6500 at the time of joining, he may become a member with the mutual consent of the employer if he was not a member earlier in his previous employment.
If the wages exceed Rs. 6500 during the regular course of employment, the employer may restrict deductions up to the statutory limit of Rs. 6500.
Regards,
A K CHANDOK RPFC (Retd.) <link no longer exists - removed>
From India, Chandigarh
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Calcu. pf Emp.eps.epf sample sheet for HR site..xls