P. F. Deduction

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 April 2010 Our's is a public limited company.

As a part of their remuneration, the directors of the Company are being paid salaries (ranging between Rs.1,10,000/- and Rs.2,40,000/- per month). However, no P.F. is being deducted from their salaries.

Our Personal Department says that since the salaries of directors' are more than Rs.6,500/- per month, the P.F. deduction is not mandatory.

Is the view of Personal Department is correct? If the answer is in affirmative, whether the directors are required to fill in any form/declaration?

I kindly request the experts to give their views.

Thanks

CA Prashant Gupta

CA Prashant Gupta (Expert)
Follow

16 April 2010 HR deptt is right there is no mandatory for pf deduction whom salary is more then 6500/- p.m.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

N N V Satish

Pushkar Nagda

Subbiah S

Suneel Shah

AKCJ INFO

Subscribe Now

P. F. Deduction

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

Manager- Finance and Compliance

GST CONSULTANT

CA Final

Senior Executive

Accountant