Provident Fund compliance in Pvt. Ltd.

Page no : 2

(Guest)

Hi,

Did you get answer to your following question. Please share with me by way of mail.

Thanks in advance.

Lakshminarayan

Originally posted by :shraddha

I just wanted to know that Provident Fund Scheme should it applicable to Software export company having more than 50 employees.
please provide me deatail as earliest

(Guest)

Is Provident Fund Scheme applicable to software industry.

(Guest)

Originally posted by :prabhu
"	What is PF.? What are the Provident Fund Compulsion in a Pvt. Ltd. Company.? When it is neccessary? What is the minimum no. of employees a company should have to enforce PF. What its percentage of deduction in the salary. Should it applicable in a company with upto 45 employees.... What if the profident Fund is not deducted for employees for last 6 months, in this case, what could be the probable fine or punishment..? what probable legitimation can be done upon that company. How it can be make into effect into company, what will be the remedy in the above case??	"

saroj kumar babu (cost accountant) (20 Points)
Replied 30 November 2008

WHAT IS THE PRESENT RATE FOR RMPLOYER CONTRIBUTION TOWARDS THE PF

IS THERE ANY PROVISION FOR AN ENTERPRENURE WHO HAS TAKEN A CLOSED GOVERNMENT UNIT TOWARDS DEFEREMENT OF THE DEPOSIT OF THE PROVIDENT FUND

(Guest)

Hello,

I found this article about EPS ( Employee Pension Scheme )

https://chawanni.blogspot.com/2008/12/why-employees-pension-scheme-eps-is.html

Can anyone please comment whether what is stated in this article is true?

Regards,

Pooja

(Guest)

Originally posted by :prabhu
"	What is PF.? What are the Provident Fund Compulsion in a Pvt. Ltd. Company.? When it is neccessary? What is the minimum no. of employees a company should have to enforce PF. What its percentage of deduction in the salary. Should it applicable in a company with upto 45 employees.... What if the profident Fund is not deducted for employees for last 6 months, in this case, what could be the probable fine or punishment..? what probable legitimation can be done upon that company. How it can be make into effect into company, what will be the remedy in the above case??	"

(Guest)

1. What is the minimum Basic Salary allowed in the Provident Fund Act

2. Whether defination of Wages is applicable as per Minimum Wages Act.

3. In minimum Wages totol emoluments which can be computed in terms of money is Wages.

4. In minimum Wages Rate of Salary is defined and special allowance of the period to be added and if your total salary/wages is beyound the rate of wages as above then splitting is allowed.

5. If the answer of the 4th question is Yes then there is no legal bar to fix basic Wages at any amount.

6. Whether there is any legal provision to fix PF @ 50% of total salary.

7. In this regard i need relevant case laws if possible kindly post me the sale at the earliest.

Regards.

(M.D. MANAPURE)

Prabhaharan (Internal Controller) (57 Points)
Replied 09 January 2010

Whether Provident Fund dedcuction is mandatory for Society registered under Tamilnadu Societies Reg Act, and has its units at various location at tamilnadu having activities such as Schools, Boarding and Charitable Activities. Society is presently deducting PF for the employees employed in School. The Officer from PF dept required to deduct PF for the temporary staffs employed in Boarding. Only 2 staffs employed in Boarding and rest of the staffs are members of the Society (Sisters). In such circumstances whether PF should be deducted.