Pf amendment
ASRUJ@aratrika
(Querist) 10 October 2014
This query is : Resolved
Dear All,
I have few query as follows:-
1. What is the Basic wage means as per the PF Law at present and is there any case pending in the Apex court regarding the same. Should I deduct PF on only Basic & VDA (not considering other allowances) by taking the plea that case is pending in the Apex Court.
2. An employee joins my company after September 1, 2014 and had been registered with PF with his previous employer. question is
2.1.Should I contribute 8.33% of employer's contribution to FPF.
2.2.If the employee is willing to withdraw his PF with the previous employer then should I still contribute to FPF and vice versa if the employee do not want to withdraw previous PF.
2.3.What is the present rule for the fresh employee joins after Sep 1, 2014 with 15000 Basic+VDA.
I have been trying to find out the answers from various sites but things are very much
confussing. Hope some learned senior counsel will be kind enough to explain and highlight the present status on the points as anove.
Thanks all in anticipation.
Kumar Doab
(Expert) 10 October 2014
The wages have been explained in def. of wages in PF Act……………….
You may go thru: THE EMPLOYEES’ PROVIDENT FUNDS AND MISCELLANEOUS PROVISIONS ACT, 1952:Sec:2(b) (ff)(j)
If employee is drawing wages as per wage ceiling of Rs.15000/pm he is to be covered.
If he is drawing even more, he can be covered.
The HR Consultant/labor Law Consultants offer payroll services too and such consultant/Law firm contracted by you can provide tailor made solutions to you.
ASRUJ@aratrika
(Querist) 11 October 2014
Kumar Doab Sir,
Thanks for your reply but it seems that you didn't follow the depth of my queries and as a result of that you have replied with a general tone. Point No. 2 of my query I never ask whether to cover under PF or not but raised some specific points. It is my humble request not to confuse any more if things are not clear to you.
Thanks & regards
Kumar Doab
(Expert) 12 October 2014
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