EPF
This query is : Resolved
Amit Kumar Sharma
(Querist)
26 September 2010
Are emplyees having salary more than rs.6500 not liable for epf deduction?
CMA Ramesh Krishnan
(Expert)
26 September 2010
If the employee having basic less than Rs.6500 is mandatory applicability, those having more than Rs,6500 basic having 3 options
1. He can opt donot want PF ( Provided they are not member in PF earlier)
2. Opt to for PF on actual basic
3, Opt for PF only on Rs.6500 basic (irrespect of actual basic)
1. He can opt donot want PF ( Provided they are not member in PF earlier)
2. Opt to for PF on actual basic
3, Opt for PF only on Rs.6500 basic (irrespect of actual basic)
Ram Avtar Singh
(Expert)
26 September 2010
1st salary more than 6500 is not liable to EPF. if after increment salary increase more than 6500 then EPF applicable.
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