Pf calculation
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 May 2014
Dear All,
I want to know that, A private organisation covered under the Provident Fund Act,1952, have right to not calculate the PF contribution on new joined employees having basic salary more than 6500/-p.m.
and can also freeze the contribution limit upto 12% of 6500/- i.e. 780.00, if once basic salary raised from 6500/-.
Deepti Shukla
I want to know that, A private organisation covered under the Provident Fund Act,1952, have right to not calculate the PF contribution on new joined employees having basic salary more than 6500/-p.m.
and can also freeze the contribution limit upto 12% of 6500/- i.e. 780.00, if once basic salary raised from 6500/-.
Deepti Shukla
Guest
Guest
(Expert)
10 May 2014
No way yaar, The co. dont have any right to not deduct pf.
If the employee had worked only for one day in the first month.. then also the company have to pay pf on that one day salary..
Secondly the company can not freeze the limit..
Co. had to pay pf on the new salary after increment in each case..
So if company is doing so.. its wrong... company is in default.........
If the employee had worked only for one day in the first month.. then also the company have to pay pf on that one day salary..
Secondly the company can not freeze the limit..
Co. had to pay pf on the new salary after increment in each case..
So if company is doing so.. its wrong... company is in default.........
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
Similar Resolved Queries
Unanswered Queries
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG....................................................
- Sales return eway bill
- TAN for Partnership
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Long Term Service award taxability in hands of company
- Is E Way Bill Valid If Transport ID Not Mentioned in PART A But Vehicle details mentioned in PART B
- Loan by Partnership Firm
- AY 26-27 ITR-4 FILING U/S 44-ADA
- Plot of land. Cost of Acquisition
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
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
CAclubindia
