Dear Friends,,
I to knw thr basis on which PF is applicable to any organisation.
As per my understanding 20 or more employees and salary below 6500/-... is it correct??
Regards
Shrutika
Abhijeet Deshpande
(Co-Founder & Manager @ Tax-Yantra)
(1171 Points)
Replied 21 June 2011
Prakash Mali
(Artical Assistant)
(166 Points)
Replied 21 June 2011
Dear Freind
I wanted to know mean of International Worker - is that if person works with MNC of else ?
Pls can u explain it ?
Shrutika
(Article Assistant)
(43 Points)
Replied 21 June 2011
| Originally posted by : ABHIJEET DESHPANDE | ||
 |
Yes you are correct. Details are as below as per the act: From employers view- a) Every establishment which is a factory engaged in any industry specified in Schedule I and in which 20 or more persons are employed and b) Any other establishment employing 20 or more persons, whom Central Govt. may, notify. c) Any establishment employing even less than 20 can be covered by a specific Central Govt. notification. From Employees Point of View: Any person who is employed for wages in any kind of work of an establishment or employed through contractor in or in connection with the work of an establishment and whose wages do not exceed Rs. 6,500/- p.m. However, an employee covered under the Act will continue to be covered under the Act even if his wages exceed Rs. 6,500/- p.m. but will continue to get benefits as if his wages were Rs. 6,500/- p.m. In case of International workers PF is applicabale on entire salary. As per notification dated 1st Oct, 2008. |
 |
Thanks Abhijeet,
Can you tell me any particular circular/notification or section reference for the same??
* Krishna *
(CA Student)
(6149 Points)
Replied 21 June 2011
@ Prakash
Refer the attached file for clarify on International Worker.
Abhijeet Deshpande
(Co-Founder & Manager @ Tax-Yantra)
(1171 Points)
Replied 22 June 2011
Live Course on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance
CAclubindia
