Sir I am taking the Salary Rs 18000/- the shown to me in
Pay Roll Basis but not deduct any PF. Plz told me tha is
the company liable to deduct my PF?
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Answer / h.r. sreepada bhagi
PF is governed by 'Employees Provident Fund & Miscellaneous
Provisions Act, 1952' in India. Contributions as per this :-
It needs to be calculated at the specified rate on the Basic
Salary + DA of Rs. 6500/- whichever is lower. However, a
company can contribute it on the actual salary which is
higher than the above limit.
Both the Employer & the Employee needs to contribute to EPF,
EPS, EDLI, and there are some exclusions & exceptions for
covering the establishments and also the rates.
The contributions at different rates (12%, 8.33%, 3.67%,
1.1%, .5%, .01%) have to be paid to different accounts
specified in the Act. referred above.
This answer is not complete and comprehensive. For more &
updated info, read the latest edition of the above Act,
contact the EPFO or Labour Consultants or a good HR Manager.
Is This Answer Correct ? | 8 Yes | 1 No |
Answer / pankaj
arre mayank va jab tujhe pta ni hota to kyu kisi aur ko
galat answer bta raha hai..........kabhi padha hai tune p.f
Is This Answer Correct ? | 2 Yes | 0 No |
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