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

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

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

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


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