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PROVIDENT FUND
Is there any benefit of provident fund to employers?
Replies (10)
Yes.....
Can you enumerate any one?
R u asking regarding yesterday changes?
Not specifically, but in general.
Https://m.economictimes.com/wealth/invest/cut-in-employers-epf-contribution-may-mean-net-loss-for-the-employees/articleshow/75730688.cms
Dear
If the query about FM announcement of reduction in the rate of PF Contribution from 12% to 10%, then
If the employee is hired on CTS basis i.e. employer share of PF is a part the CTC, then employer has to pay the differential 2% back to employee as special allowance etc. No benefit to employer. That 2%, earlier taxfree, now becomes taxable in this way.
if employer share of PF is out of the CTC, then it is a benefit to employer.
Regards
Puran Dangwal
Thanx
Tera issue solve ho gaya na?
Hi
See the latest notifications in this regard.
It is effective for wage months May, June and July
Regards
Puran Dangwal
One more from Gazette of India.
Regards
Puran Dangwal
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