08 May 2010
Dear all, I need some clarification in PF. PF is applicable to our company. From this Year 10-11 we will be paying directors remuneration to 2 additional directors Rs.30,000/- & Rs.25,000/-. Wheter we need to deduct pf from this payments?
09 May 2010
Employees drawing the pay upto Rs 6500/-P.m(Pay Includes basic wages including dearness allowances if any & Cash value of food concession Admissible thereon) only are eligible for participation of fund.
CAclubindia
