Provident fund
Querist : Anonymous
Our company is into the process of PF registration as the number of employees has been increased to 20. So now my query is that as Basic Pay of all employees is more than Rs 6500/- Whether we are required to deduct PF on any one's salary...???
And whether employer is required to make any contribution for PF..??
Querist : Anonymous
As per EPF act employees receiving above Rs 6500/-as basic pay are excluded employees. So whether employer need to contribute any part on behalf of these employees i.e 12% on Rs 6500/- or any higher amount???
if once deducted EPF then need to deduct EPF up to 6500/- ither employee received above 6500/-
Querist : Anonymous
It means our company only need to get registration under epf as no. of employees has been increased up to 20. But need not to contribute any amount for PF for any employee as no employee has basic pay of less than or equal to Rs 6500/-...???
read more detail bu this link about EPF & ESIC
https://www.caclubindia.com/experts/calculation-of-esi-pf-271885.asp
Querist : Anonymous
Querist : Anonymous
In regular industry practice companies make contribution for every employee....
Querist : Anonymous
Is there any particular structure of salary defined anywhere in law??
i.e this much should be %age of Basic, D.A or HRA....
or it can be defined by company at it's own discretion???
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