Provident Fund
This query is : Resolved
D.Durga Prasad
(Querist)
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
D.Durga Prasad
(Querist)
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
CA. GOPAL SONIKA
(Expert)
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
CA J M Pattanayak
(Expert)
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
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
- GST on reimbursement of expenses
- Query on effect of registration of property
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Visiting card purchase
- Number of years as per AS amortisation of Goodwill
- Wrong CMPo8 file
- Equity Share Sale and Purchase
- Whether output tax is taken credit by purchaser
- Additional trade name
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Foriegn assets disclosure
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
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
