Provident Fund
This query is : Resolved
27 May 2008
An employee is drawing a salary of Rs.6,500/- p.m. and he doesn't want to contribute in the Provident Fund. So therefore is it allowed? If Yes, then what will be the employer's contribution in this case?
CA Anuj Garg
(Expert)
27 May 2008
Dear as per law if salary of an employee is below the specified limit,Employer has to to deduct PF on it whether employee want it or not coz its employer's responsibility.
and if employer dnt deduct PF he is not required to pay anythng from his pocket ie employer's contribution
and if employer dnt deduct PF he is not required to pay anythng from his pocket ie employer's contribution
27 May 2008
thanx a lot for the reply sir. . . bt sir what is the limit of salary as per law? and CONSEQUENCES of non-deduction of provident fund?
SANDEEP AGGARWAL
(Expert)
29 May 2008
Any organisation having less than 10 employee are not covered under PF Act. But when a organisation is covered under the act then he has to deduct pF contribution as per act irrespective of salary amount.
Regards,
Sandeep Aggarwal
Regards,
Sandeep Aggarwal
CA BHARATH KUMAR
(Expert)
16 July 2012
one option is there he should fill FORM 11 for exempt fro PF
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