In CTC structure, the employer might have shown the employer part of 12%. No one will deduct the 24% in pay slips. Check your pay slip again which may show only 12% as deduction. Since the employer contribution is also a component of Cost to the Company, they would have included it in CTC.
Pon, Chennai
From India, Lucknow
604Pon, Chennai
From India, Lucknow
Madhu ji,
so u mean to say that there is no other go for me excep to submit ??? (my gross is above 6500/- and PF is being deducted only from July 2012 @ 780/- with e.ee contbn of 780/- ) btw the term "illegal" here means is it punishable under EPF Act ??
thanks...
From India, Coimbatore
so u mean to say that there is no other go for me excep to submit ??? (my gross is above 6500/- and PF is being deducted only from July 2012 @ 780/- with e.ee contbn of 780/- ) btw the term "illegal" here means is it punishable under EPF Act ??
thanks...
From India, Coimbatore
Yes, if you have been a member of PF then you should continue to contribute irrespective of your salary. But I will not say that you should contribute both your share as well as employer's share which is illegal. But as already pointed out by other members, if the employer has only put his share as part of CTC, then the question of deducting it from SALARY will not arise and in such case, you cannot say that it is illegal because the employer has not deducted his share of contribution from your salary or recovered from you by any other means but only said that for him employing you will cost him Rs 780 over an above what has been paid to you as salary!!
Madhu.T.K
From India, Kannur
Madhu.T.K
From India, Kannur
Dear All,
I beg your pardon, for the mistake in my last comment. It was because, i thought that, the member has mentioned that it will be effective from Jan'2014, whereas the member was trying to say that his employer will deduct both the contribution parts from employees salary w.e.f. Jan'2014.
As the member is already covered under EPF w.e.f. July'2012, now he cannot exit from its membership once becoming the member.
Although, deducting complete 24% (12% employee's share & 12% employer's share) from employees salary is illegal.
From India, Delhi
I beg your pardon, for the mistake in my last comment. It was because, i thought that, the member has mentioned that it will be effective from Jan'2014, whereas the member was trying to say that his employer will deduct both the contribution parts from employees salary w.e.f. Jan'2014.
As the member is already covered under EPF w.e.f. July'2012, now he cannot exit from its membership once becoming the member.
Although, deducting complete 24% (12% employee's share & 12% employer's share) from employees salary is illegal.
From India, Delhi
Yes it is illegal. Rearrange the CTC structure in such a way that it is CTC- Er PF. So that only 12% EePF shall be deducted and shown in payslip. If 24% is deducted by your company and reflects in payslip, then the license of the company can be cancelled as this deduction amounts to criminal offence. This has been quoted by LLR, Mr.H.L.Kumar, Supreme court.
When employers are not in a position to lend ears to learned advisors, the only option is to let them struggle and defend themselves. But employees will suffer. So does it not mean that anybody with a capital fund can float a company without adhering to statutory or state acts..? For any irregularities of employer, it is the employees who suffer at the time of claim or transfer.What is the security to employees in contributing a mere Rs.780/- to EPF? If such practices continue then PF can be abolished and an RD account be opened with a nationalised bank (SBI) and linked to Aadhar card.
Regards
Chandru
From India, Madras
When employers are not in a position to lend ears to learned advisors, the only option is to let them struggle and defend themselves. But employees will suffer. So does it not mean that anybody with a capital fund can float a company without adhering to statutory or state acts..? For any irregularities of employer, it is the employees who suffer at the time of claim or transfer.What is the security to employees in contributing a mere Rs.780/- to EPF? If such practices continue then PF can be abolished and an RD account be opened with a nationalised bank (SBI) and linked to Aadhar card.
Regards
Chandru
From India, Madras
Current my PF share is 12% and employer share is 12%. Total share is 24%. Now I want to deduct 24% PF share from my salary & 12% employer share. Total 36%. Can I deduct my PF share 24% if yes what is the procedure & form no. I have to fiilup.
From: Sanjay Tiwari
M: 9727704102
From India, Gandhinagar
From: Sanjay Tiwari
M: 9727704102
From India, Gandhinagar
There is no specific form for higher contribution or voluntary contribution by the employee. For your office records the HR will ask for a letter from you requesting that your share of contribution may be increased to 24% from the current 12% and with a declaration that employer's share of contribution can be restricted to 12% only.
Madhu T K
From India, Kannur
Madhu T K
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