Hello members,
I have a query regarding PF deduction. If employee was never been member of RPFC and his/her basic is more than 15000. Also S/He signed form11, is it mandatory to deduct PF or it is voluntary.
From India, Mumbai
4I have a query regarding PF deduction. If employee was never been member of RPFC and his/her basic is more than 15000. Also S/He signed form11, is it mandatory to deduct PF or it is voluntary.
From India, Mumbai
No! It is not mandatory. If at all you are willing to consider EPF then both 125of EE + 12 ER to be contributed to EPF only & there is no EPS
From India, Bangalore
From India, Bangalore
Right now, the max. wages for PF contribution/membership eligibility is Rs.15,000/-. But it is to be raised to Rs.21000/- in line with ESIC. Pls stay updated. Thks
From India, Thane
From India, Thane
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Mandatory submission of bank account details of PF members 17.9.2014.pdf