Provident Fund
This query is : Resolved
03 March 2008
Dear Sirs,
Can you help me about PF?
1. Basic Salary is 30,000
Restricted Salary as per PF Act Is Rs6500
In this case what amount i want take for Employee Contribuation at 12% and Employer Contribuation at 12?
2. Is this stiphened paid to the staff is applicable for PF
Can you help me about PF?
1. Basic Salary is 30,000
Restricted Salary as per PF Act Is Rs6500
In this case what amount i want take for Employee Contribuation at 12% and Employer Contribuation at 12?
2. Is this stiphened paid to the staff is applicable for PF
03 March 2008
Dear Sirs,
Can you help me about PF?
1. Basic Salary is 30,000
Restricted Salary as per PF Act Is Rs6500
In this case what amount i want take for Employee Contribuation at 12% and Employer Contribuation at 12?
2. Is this stiphened paid to the staff is applicable for PF
Can you help me about PF?
1. Basic Salary is 30,000
Restricted Salary as per PF Act Is Rs6500
In this case what amount i want take for Employee Contribuation at 12% and Employer Contribuation at 12?
2. Is this stiphened paid to the staff is applicable for PF
03 March 2008
First you make decide not to go for PF contribution.
Secondly even if u do wish to go, then PF may be ddeeducted on whole Basic Rs.30000/- or u may restrict to Rs.6500/-.
No stipend paid is not applicable to PF
Secondly even if u do wish to go, then PF may be ddeeducted on whole Basic Rs.30000/- or u may restrict to Rs.6500/-.
No stipend paid is not applicable to PF
04 March 2008
Stipend doesnot attract PF.
05 March 2008
AS PER PF. ACT WHAT IS STATED IS MINIMUM ON WHICH P.F IS TO BE DEDUCTED. THE LAW ALLOWS MORE TO BE DEDUCTED IF YOU DESIRE UNDER VOLUNTARY P.F.
YOU HAVE TO TAKE THE CALL. WHAT YOU WANT TO DO. YOU HAVE BOTH OPTIONS.
BUT EMPLOYER CONT. IS NOT AVAILABLE ON VOLUNTARY P.F. CONT. OF THE EMPLOYEE.
STIPEND DOES NOT ATTRACT P.F.
R.V.RAO
YOU HAVE TO TAKE THE CALL. WHAT YOU WANT TO DO. YOU HAVE BOTH OPTIONS.
BUT EMPLOYER CONT. IS NOT AVAILABLE ON VOLUNTARY P.F. CONT. OF THE EMPLOYEE.
STIPEND DOES NOT ATTRACT P.F.
R.V.RAO
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