Hello members,
I have a query regarding PF deduction. If an employee has never been a member of RPFC and his/her basic is more than 15,000, and also if he/she signed Form 11, is it mandatory to deduct PF, or is it voluntary?
From India, Mumbai
Acknowledge(0)
Amend(0)
4I have a query regarding PF deduction. If an employee has never been a member of RPFC and his/her basic is more than 15,000, and also if he/she signed Form 11, is it mandatory to deduct PF, or is it voluntary?
From India, Mumbai
Acknowledge(0)Amend(0)
No! It is not mandatory. If at all you are willing to consider EPF then both 125of EE + 12 ER to be contributed to EPF only & there is no EPS
From India, Bangalore
Acknowledge(1)Amend(0)
From India, Bangalore
Acknowledge(1)Amend(0)
Right now, the max. wages for PF contribution/membership eligibility is Rs.15,000/-. But it is to be raised to Rs.21000/- in line with ESIC. Pls stay updated. Thks
From India, Thane
Acknowledge(1)Amend(0)
From India, Thane
Acknowledge(1)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Provident Fund - Excluded Employee - Definition.pdf