What should I do if the company where I am working is not deducting any PF from any of its around 300 employees? As far as I know, if a company has 20 or more employees, then 12% PF must be deducted from the employees' salary. Please guide me.
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From India, Chandigarh
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From India, Chandigarh
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Company will be liable for the breaches under PF & MP Act 1952.
From India, Pune
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470From India, Pune
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What is the salary levels of employees??If the Basic Salary and DA and a few other allowances put together is more then Rs 6500 ,per month then the Company need not deduct and contribute PF
From India, Chennai
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From India, Chennai
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Is it possible to provide the details of your quote above? As per my knowledge, the company must deduct the PF for all the employees, and the company can restrict the company contribution to Rs. 6,500, i.e., Rs. 780 from the company and the same amount from employees, or more than the company contribution.
Thank you.
From India, Bangalore
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Thank you.
From India, Bangalore
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Dear Sivasankaran,
Is it possible to provide the details of your quote above? As per my knowledge, the company must deduct the PF for all the employees, and the company can restrict the company contribution to Rs 6,500/-, i.e., Rs 780 from the company and the same from employees or more than the company contribution.
An employee joining at a salary level above Rs 6,500 need not be covered. If an organization from day one is engaging people at a salary level (basic plus DA plus certain allowances) above Rs 6,500, then those employees need not be covered under PF.
Regards,
BASAVARAJU S B
From India, Chennai
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Is it possible to provide the details of your quote above? As per my knowledge, the company must deduct the PF for all the employees, and the company can restrict the company contribution to Rs 6,500/-, i.e., Rs 780 from the company and the same from employees or more than the company contribution.
An employee joining at a salary level above Rs 6,500 need not be covered. If an organization from day one is engaging people at a salary level (basic plus DA plus certain allowances) above Rs 6,500, then those employees need not be covered under PF.
Regards,
BASAVARAJU S B
From India, Chennai
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Provident Fund - Excluded Employee - Definition.pdf