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Pf applicability

CA rahul (BCOM(H) ACA) (725 Points)

21 August 2014

An employee drawing basic more than 15,000 shall by covered by EPF act considering the amendment with respect to increase in ceiling limit from 6500 to 15000

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6 Replies

CA Saloni (Manager-Accounts & GST Consultant) (5124 Points)
Replied 21 August 2014

If basic is more than 15000/-, it becomes optional for employee to contribute to PF but no obligation on company....

Vandana J Doshi (Practising Company Secretary) (12562 Points)
Replied 21 August 2014

Agree with Saloni.....it will be employees drawing up to Rs 15000/- and not more than 15000....

Anubhav Dubey (Student CS) (33 Points)
Replied 21 August 2014

PF deducted on from the both employer and employee on the basic salary or Rs. 15000 whichever is lower. If any employee having basic salary more than 15000 can deduct his PF on his basic salary which exceeds 15000, it is discretionary to the employee but it is not obligatory for employer to deduct PF on amount exceeding Rs. 15000.

Thanks

Anubhav Dubey (Student CS) (33 Points)
Replied 21 August 2014

Thanks

Stranger (.) (5526 Points)
Replied 21 August 2014

Originally posted by : Anubhav Dubey
	PF deducted on from the both employer and employee on the basic salary or Rs. 15000 whichever is lower. If any employee having basic salary more than 15000 can deduct his PF on his basic salary which exceeds 15000, it is discretionary to the employee but it is not obligatory for employer to deduct PF on amount exceeding Rs. 15000. Thanks