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
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
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
Click here to login now
Unanswered Queries
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Price inclusive or exclusive of GST while made entry in P& L Account
- Gst registered proprietorship firm
- Applicability of GST on Salary Reimbursement Component
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- Minimum tax payable to file Updated return
- Dep. as per companies act
- CHECK RELATED
- GST ISSUE OF INPUT AND OUTPUT GST
- Change Of Karta In Case of Death
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
Quick Links
09 September 2026
Semi Qualified CA / CA Inter - 2 Groups Cleared
Getmyca Consultant Pvt Ltd
New Delhi
CA Inter
View Details
Featured
11 September 2026
Audit Executive
RBSM Corporate Advisors Private Limited
Pune
CA
View Details
CCI
Pro
CAclubindia
