Pf for mncs
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 November 2016
Dear Sir,
EPF, who are not covered under PF as their basic salary is above Rs.6500/-. MNCs have Employee and Employer contribution when Basic is more than Rs.6500/-. so if more than Rs.6500/- employer also contribute ?? can explain about threshold limit if basic salary more than 6500/-
EPF, who are not covered under PF as their basic salary is above Rs.6500/-. MNCs have Employee and Employer contribution when Basic is more than Rs.6500/-. so if more than Rs.6500/- employer also contribute ?? can explain about threshold limit if basic salary more than 6500/-
KAVIRAJA ADDANGADI
(Expert)
20 November 2016
Threshold limit for basic increased to Rs.15000, if basic exceed Rs.15000/- employer can exempt employee from PF contribution, but most of company PF benefit extended even basic salary exceeds above Rs.15000/- PF considered for upto Rs.15000/-,
Some companies pay PF on full basic without any limit of Rs.15000/- it all depends on company policy,
In MNC salary considered on CTC basis employer contribution of PF is Part of CTC.
Some companies pay PF on full basic without any limit of Rs.15000/- it all depends on company policy,
In MNC salary considered on CTC basis employer contribution of PF is Part of CTC.
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