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If employess salary is less than Rs 6500/- p.m. then can
employer if desires need not deduct PF . Is it right?
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Answer Posted / varadan
YES, Its mandatory to deduct PF if employees salary is less than 6500/- (now is raised to 15000/-).
If basic is 5000/-
5000*12/100 = 600 ( employee contribution)
6500*12/100 = 780 ( employer contribution)
total = 1380
PF APPLICABLE FOR :
1. If more than 20 employees are working in a company
2. If more than 5 employees in a cinema theatre.
3. If more than 50 employee in a cooperative society .
that means if 2/3 employees are working in a small scale company is not compulsory to pay PF.
( now the minimum basic is raised to 15000.so less than 15000 (basic) you must contribute for PF.
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