Sir I am taking the Salary Rs 18000/- the shown to me in
Pay Roll Basis but not deduct any PF. Plz told me tha is
the company liable to deduct my PF?
Answers were Sorted based on User's Feedback
Answer / h.r. sreepada bhagi
PF is governed by 'Employees Provident Fund & Miscellaneous
Provisions Act, 1952' in India. Contributions as per this :-
It needs to be calculated at the specified rate on the Basic
Salary + DA of Rs. 6500/- whichever is lower. However, a
company can contribute it on the actual salary which is
higher than the above limit.
Both the Employer & the Employee needs to contribute to EPF,
EPS, EDLI, and there are some exclusions & exceptions for
covering the establishments and also the rates.
The contributions at different rates (12%, 8.33%, 3.67%,
1.1%, .5%, .01%) have to be paid to different accounts
specified in the Act. referred above.
This answer is not complete and comprehensive. For more &
updated info, read the latest edition of the above Act,
contact the EPFO or Labour Consultants or a good HR Manager.
| Is This Answer Correct ? | 8 Yes | 1 No |
Answer / pankaj
arre mayank va jab tujhe pta ni hota to kyu kisi aur ko
galat answer bta raha hai..........kabhi padha hai tune p.f
| Is This Answer Correct ? | 2 Yes | 0 No |
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