Hi,
Is there any rule that Employer will not deduct pf amount if Gross salary is more than 6500. One of my known is getting salary more than 25000 but employer is not deducting PF.
Regards,
Pankaj
Pankaj (Any) 25 April 2013
Hi,
Is there any rule that Employer will not deduct pf amount if Gross salary is more than 6500. One of my known is getting salary more than 25000 but employer is not deducting PF.
Regards,
Pankaj
Advocate Sastry (Advocate) 25 April 2013
How many number of employees are there in that organisation ? if the number of employees are 20 and more the organisation should register with EPFO of india.
Pankaj (Any) 25 April 2013
Hi,
There are more than 20 employees in that organization but only 300 employee are registered in the EPFO. And more than 2000 employee are working in this organization.
Advocate Sastry (Advocate) 25 April 2013
Upto Rs. 6,500 it is mandatory and above that it is optional... For better clarifications contact the nearest PF Commissioner Office.
Anjuru Chandra Sekhar (Advocate ) 25 April 2013
As per the Act, the member has to contribute at the rate of 10% or 12% of his basic pay, D.A. & retaining allowance if any. In case the member wants to contribute more than this, voluntarily he can do so at any rate he desires. i.e. upto 100% of basic and D.A. But the employer is not bound to contribute at the enhanced rate. Rs.6500/- clause not there now. It is mandatory for every employer to make his contribution of PF after duly deducting the contribution of employee.
Pankaj (Any) 25 April 2013
Sir,
If an employee have salary more than 6500 and Does not want to contribute to PF then it is allow.
Sourav Hajra (Director) 26 April 2013
@Pankaj
PF is a stautory benefit provided to an employee. If the company has more than 20 employees and the employee is in the pay roll, then the deduction has to happen and the employee has no choice but to contribute.
Sudhir Kumar, Advocate (Advocate) 26 April 2013
above 6500 PF is not mandatory for employer. it is not choice of emeployee rather of employer.
Adv k . mahesh (advocate) 26 April 2013
employee can opt out of pF if he does not want to if his pay band is more than 6500