I have a query related to PF deduction on existing members. Salary limit for PF deduction is Rs 6500/-. So when a company employs a new candidate with a salary of 7000/-, whether PF need to deducted on same taking salary as 6500/-? The new candidate is already registered with PF department and has been contributing towards PF during his last employment.
07 March 2012
Yes; you can deduct PF on Rs.6,500 eventhough his salary is above that. The employee need not withdraw his PF contribution in the last employment, he can transfer his old balance into your Company account and continue.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
07 March 2012
but is it compulsory for employer to deduct PF.?
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