HI,
I would like to know whether PF is applicable for a new employee who joins with a Basic salary more than 15000/-
PRAMOD KUMAR 12 August 2016
HI,
I would like to know whether PF is applicable for a new employee who joins with a Basic salary more than 15000/-
Kumar Doab (FIN) 12 August 2016
If he has been a member then he will remain a member.
Employer can contribute upto wage ceiling of Rs.15000/pm.
Employer can contribute by its sweet will, as well.
Ms.Usha Kapoor (CEO) 14 August 2016
As per changed rules of PF since 2014 Any employee whose payscale is less than Rs.15,000/- also can get eligibility to PF .PF provisions of Employees are applicalble to him and the employers.
Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 ) 15 August 2016
Please ensure that PF deduction and contribution are calculated as per the new wage ceiling of Rs 15,000 from Sep 2014 onwards.
In other words,
a. If the PF wage of an employee is more than Rs 15,000 per month:
The minimum mandatory PF contribution (and deduction) shall be Rs 1,800 per month (12% of Rs 15,000).
b. If the PF wage of an employee is less than Rs 15,000 per month:
The minimum mandatory PF contribution (and deduction) shall be 12% of the actual PF wage.