Provident fund contributions

This query is : Resolved

ANKITA JAIN (Querist)
Follow

10 March 2014 please tell me when p.f. liability arise on employer and what is slab wages.is it applicble to worker or employee or both??????

Anand Dad

Anand Dad (Expert)
Follow

10 March 2014 Any employee or worker whose salary/wages is less than Rs. 6500 is to be covered under the liability of PF.

Anand Dad

Anand Dad (Expert)
Follow

10 March 2014 6500 is the slab for PF. any one above this limit is exempt.

Message likes : 1 times

Anand Dad

Anand Dad (Expert)
Follow

10 March 2014 It is applicable to any person by whatever name called Employee or Worker

ANKITA JAIN

ANKITA JAIN (Querist)
Follow

12 March 2014 thanks and tell me one thing more that if a employee's salary is 10000 and employer wants to minimise his contribution then what amount he has to contribute??

Anand Dad

Anand Dad (Expert)
Follow

12 March 2014 In case of the employees above 6500, it is not mandatory for the employer to contribute towards EPF A/c.

Message likes : 1 times

Anand Dad

Anand Dad (Expert)
Follow

12 March 2014 However

Where the monthly pay of an employee exceeds six thousand five hundred rupees the contribution payable by him, and in respect of him by the employer, shall be limited to the amounts payable on a monthly pay of six thousand five hundred rupees.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now