No Tags Found!

SH

Shai89308

Executive Hr

AS

Ammu Shanvi

Human Resource

GS

G SHASHI KRISHNA

Senior Manager - Hr

AH

Aizant HR

Human Resources

MA

MARSHAL

Safety Officer

AK

Anish Katoch

Hr Executive

PR

PranjalR

Hr Recruiter

AP

Alka Pal

Hr Executive

Karthikeyan8195

Management Consultant

MK

Mohit Kumar Puri

Head Marketing

AU

Austex

Accounts Manager


R.RAJASEKAR
4

I agree to whar Mr.Mohan said. Any Employee can voluntarily contribute more than 12% on his Basic& DA wages towards PF contribution. But Employer contribution limited 12%. In case of EPS, the limitation would be Rs.6500 ie the contribution to EPS would works out to Rs.541/- per month.
In her first e-mail Shalu said the Management deducts 20% as PF contribution to a particular employee. Hence, Mr.Mohan had to say it was illegal.


Pravin11
8

Hallo,
Any one Please confirm it any employee can deduct Voluntory PF Contribution more than 12% (mandatory)ie.12+15+27%
And Management also deposit same ration ie.27% + Admin Charges etc.
Pl confirm It is Urgent!!!
Thanks in Advance
BR
Pravin11

From India, Nasik
jureddy56
Re: PF CalculationPf is mandatory for both employee and employer for who’s basic salary is Rs.6,500/- or less (which is 12%). If basic salary is more than Rs. 6,500/- it is not mandatory for the employer to contribute their share to the employee, but it is up to the employer discretion whether to contribute or not.
If employee (whose basic salary is more than Rs. 6,500/-) would like to contribute more than 12% of his/her basic salary employer can deduct the same and deposit in employee share.

From India, Hyderabad
navinchandrapathak
Hi, As I know admistrative charges on PF will be paid on the whole amount in which PF is deducted. EDLI & admistrative charges on EDLI will be paid on Rs.6500.00 max. Regards Navin Chandra Pathak
From India, Delhi
chinmay.irefr
2

Hi,
As per rules of Provident Fund Act following are some facts is applicable :-
1) ''the amount deducted from salary of employee is equal to paid as employee share in PF Challan''!!!;
2) The employer should not be deducted more than 12% of allied salary (i.e. Basic + DA); if company wants to deducted then must be permitted from PF Department;
3) Total Contributions of PF as follows:
Employer Contribution (13.61%) = 8.33 % (Pension Fund) + 3.67% (Provident Fund A/c) + 0.5% (Insurance Fund) + 1.1% + 0.01% (Admin Charges).
Employee Contribution (12%) = 12% (Provident Fund A/c)
Therefore total contribution = 13.61% + 12% = 25.61%.
Reply me above information is valuable or not,

From India, Mumbai
chinmay.irefr
2

Hi Pradeep Sharma, Following attachment is imp. for you
From India, Mumbai
Attached Files (Download Requires Membership)
File Type: ppt EMPLOYEES’ PROVIDENT FUNDS & MISC. PROVISIONS ACT, 1952.ppt (28.0 KB, 357 views)

mahendramanwatkar
Wht is the logic of 20% no this is absolutely rong, in pf act also this is clearly mentioned max limit is rs. 6500 for deducting the pf
if any employee wish to deduct the pf (his basic is more than 6500) is also considered provided only his share will be deposited in that case
employer will contribute their contribution considering the basic rs. 6500 which pl note
mahendra

From India, Mumbai
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.





About Us Advertise Contact Us Testimonials
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.