DEAR ALL,
I AM WORKING FOR A PVT LTD. COMPANY AND I AM WITHDRAWING RS.16500 IN HAND. THE ONLY DEDUCTION WHICH IS SHOWN IN MY PAY SLIP IS OF ESI i.e. 1.73%. IS IT REALLY A MANDETORY OF PF DEDUCTION OR IS IT OK WITH IT. AS I PLANNING TO SWITCH TO OTHER COMPANY AND I AM BIT CONFUSED WITH THE SALARY DEDUCTION PORTION.
PLESAE HELP ME GUIDE AS SOON AS POSSIBLE.
From India, Bhopal
I AM WORKING FOR A PVT LTD. COMPANY AND I AM WITHDRAWING RS.16500 IN HAND. THE ONLY DEDUCTION WHICH IS SHOWN IN MY PAY SLIP IS OF ESI i.e. 1.73%. IS IT REALLY A MANDETORY OF PF DEDUCTION OR IS IT OK WITH IT. AS I PLANNING TO SWITCH TO OTHER COMPANY AND I AM BIT CONFUSED WITH THE SALARY DEDUCTION PORTION.
PLESAE HELP ME GUIDE AS SOON AS POSSIBLE.
From India, Bhopal
PF is for the emplyoees drawing upto 65oo.But those who are above can also avail the facility of pf,but it is not mandatory.ESI is for employees drawing 1500 total gross salary. regards, Amte v.
From India, Mumbai
From India, Mumbai
If Inder_4u has not become a member of PF in his present employment, he need not contribute for PF - assuming that his pay coming under coverage - Basic/DA etc is more than Rs.6500. If his take home pay is 16500, perhaps he need not pay ESI also. If his pay has just been increased from <15000 to > 15000, he will continue to pay ESI till the completion of the six month contribution period.
srinivasan
From India, Madras
2srinivasan
From India, Madras
Find answers from people who have previously dealt with business and work issues similar to yours - Please Register and Log In to CiteHR and post your query.
SALARY with out PF Deduction.xls
PF deduction on leave encashment.doc
PF AUTHORIZATION FOR WITHDRAW.JPG