Hi, PF/ESI deductions are statutory and mandatory. The same cannot be ignored based on employee’s discretion.
From India, Madras
586From India, Madras
In respect of a new employee who is not an existing member of PF, it is not mandatory that you should cover him IF his salary (PF Qualifying salary) is more than Rs 15000. At the same time, the person joining your company is already a PF member, ie, he had PF with his previous establishment, then he should be covered in your establishment also even if his salary in your company is more than Rs 15000. Therefore, the two basic norms for PF membership are salary and existing membership.
From India, Kannur
From India, Kannur
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