Dear David,
The Employee is having optional to contribute the E PF whether they have getting their basic + D.A more then 6500. Those employee
needs to give a requesting letter that they want to deduct in PF and the Employer will informed to PF office also.
This below lines is taken from Times of India EPFO Latest news(2/2/2014.)
At present, EPFO does not cover organised workers under its social sector schemes whose basic wages including basic pay and dearness allowance exceed Rs 6,500 at the time of joining of service.
From India, Madras
2The Employee is having optional to contribute the E PF whether they have getting their basic + D.A more then 6500. Those employee
needs to give a requesting letter that they want to deduct in PF and the Employer will informed to PF office also.
This below lines is taken from Times of India EPFO Latest news(2/2/2014.)
At present, EPFO does not cover organised workers under its social sector schemes whose basic wages including basic pay and dearness allowance exceed Rs 6,500 at the time of joining of service.
From India, Madras
Dear All,
Any one can clarify my doubts?
Is there any official notice has published by government. if you are founding anything about it, pls share with me also with effect from when?
Regards,
Elumalai
JBMAS, Hosur
From India, Chennai
Any one can clarify my doubts?
Is there any official notice has published by government. if you are founding anything about it, pls share with me also with effect from when?
Regards,
Elumalai
JBMAS, Hosur
From India, Chennai
Dear David,
Greetings for the day,
No need to confuse, first of all one must know about deduction of EPF/EPS accumulation. Deduction of EPF should be done on basic+da+food conc. (if any) but mind it this should not be less than the minimum wages defined by the state govt. time to time, secondly you said about mandatory or optional , it must be noted the basic ranges upto Rs. 6500/- the deduction of epf is mandatory but once one become the member of EPF, he remain be the member until his/her basis rise upto the mark. His/Her accumulation should be fixed within the range i.e Rs. 6500/- if his or her basic rises beyond this. Thirdly as far as Rs. 15,000/- is concern lets wait for the notification rather to jump on conclusion on the basis of newspapers/channels assumption. Hope this will clerify all your doubts.
Thanks & Regards,
From,
Sumit Kumar Saxena
From India, Ghaziabad
Greetings for the day,
No need to confuse, first of all one must know about deduction of EPF/EPS accumulation. Deduction of EPF should be done on basic+da+food conc. (if any) but mind it this should not be less than the minimum wages defined by the state govt. time to time, secondly you said about mandatory or optional , it must be noted the basic ranges upto Rs. 6500/- the deduction of epf is mandatory but once one become the member of EPF, he remain be the member until his/her basis rise upto the mark. His/Her accumulation should be fixed within the range i.e Rs. 6500/- if his or her basic rises beyond this. Thirdly as far as Rs. 15,000/- is concern lets wait for the notification rather to jump on conclusion on the basis of newspapers/channels assumption. Hope this will clerify all your doubts.
Thanks & Regards,
From,
Sumit Kumar Saxena
From India, Ghaziabad
Dear David,
Greetings for the day,
In addition to my above comment i forgot to quote that the cealing of Rs. 6500/- is mandatory for calculation of EPS contribution & EDLI , for EPF it is solely depend on employer that he consider actual basic or the limited upto the cealing. Hope this will clerify all your doubts.
Thanks & Regards,
From,
Sumit Kumar Saxena
From India, Ghaziabad
Greetings for the day,
In addition to my above comment i forgot to quote that the cealing of Rs. 6500/- is mandatory for calculation of EPS contribution & EDLI , for EPF it is solely depend on employer that he consider actual basic or the limited upto the cealing. Hope this will clerify all your doubts.
Thanks & Regards,
From,
Sumit Kumar Saxena
From India, Ghaziabad
Dear Mr.Sunil,
Please DON'T BE IMPATIENT. It is too early to discuss a topic (revised ceiling) till official circular is received. By the by, I never discuss a topic with assumptions or insufficient knowledge. Moreover my reply has been straight forward and not zig-zag.
I request the members to follow the tips.
1) Never post a question without searching this site, the reply could be available elsewhere at discussion banner.
2) Never post a question on the basis of doubts and hearsay. Wait for the official notification.
3) Never try to pull on the thread/chat without concrete solution. This can confuse members.
4) Never reply for the sake of getting 'Likes / Appreciations.'
5) Check grammar and language code while posting because the reply that you get could be unappealing.
6) This is not a place to pour out whatever you have read in theory. This is for the experts to reply, where the new and experienced learn a lot.
6) Never try to degrade the status of CiteHR.
By now you would have understood as to why many senior contributors have not participated in the thread (for the lack of complete picture).
Regards
Chandru
From India, Madras
Please DON'T BE IMPATIENT. It is too early to discuss a topic (revised ceiling) till official circular is received. By the by, I never discuss a topic with assumptions or insufficient knowledge. Moreover my reply has been straight forward and not zig-zag.
I request the members to follow the tips.
1) Never post a question without searching this site, the reply could be available elsewhere at discussion banner.
2) Never post a question on the basis of doubts and hearsay. Wait for the official notification.
3) Never try to pull on the thread/chat without concrete solution. This can confuse members.
4) Never reply for the sake of getting 'Likes / Appreciations.'
5) Check grammar and language code while posting because the reply that you get could be unappealing.
6) This is not a place to pour out whatever you have read in theory. This is for the experts to reply, where the new and experienced learn a lot.
6) Never try to degrade the status of CiteHR.
By now you would have understood as to why many senior contributors have not participated in the thread (for the lack of complete picture).
Regards
Chandru
From India, Madras
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PF is to be deducted on canteen allowance - Delhi HC 22.7.2013.pdf