Employee provident fund and miscellaneou provisions act 1952

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Puneeth.H (Querist)
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04 January 2014 Dear ALL

Kindly guide in the following doubt/issue related to working of EPF act 1952:
1) Employee joins the org with a Basic pay+DA of Rs 10,000/- Is employer contribution @ 12% upto Rs 6500/- compulsory?
2) In the above ex is the employee contribution @ 12% compulsory?
3) If a Employee joins the Org with a Basic pay plus DA of Rs 4500 and Gets promoted and after promotion the revised Basic pay plus DA is Rs 10500/---In this case after promotion is Employer Contribution @ 12% compulsory upto Rs 6500/-?

@VaibhavJ

@VaibhavJ (Expert)
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05 January 2014 Hi

If basic while joining is below Rs 6500 the PF contribution@12% is compulsory.

Post increment is Basic + DA cross 6500 then employer have 2 options. Either contribute on actual or restrict on 6500.

For new joiners if Basic + DA is above 6500 no mandate to contribute towards pf. If employer wish to contribute he can contribute selecting any of 2 options.

Thanks

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