Provident Fund
This query is : Resolved
03 September 2008
Hi Expert
I just want to know that can we create a salary structure which directly allows employees not to be covered under PF slab. I want to know if the salary of an employee is 6600, then can we make 6500 as basic and 100 as other allowance. I know this directly saves employee from not to be covered under PF as if any employee earns basic above 6500 then there is no compulsion to join PF scheme.
Please reply
Thanks
I just want to know that can we create a salary structure which directly allows employees not to be covered under PF slab. I want to know if the salary of an employee is 6600, then can we make 6500 as basic and 100 as other allowance. I know this directly saves employee from not to be covered under PF as if any employee earns basic above 6500 then there is no compulsion to join PF scheme.
Please reply
Thanks
04 September 2008
You can design a salary structure that exempts an employee from participating in PF.
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