Provident Fund - A Complete FAQ

THANKS FOR GIVING POINT TO POINT INFORMATION ON PF...STAY IN TOUCH

Good one thanx 4 sharing !!!!!!!!!!!!

Very helpful presentation. Many thanks !!!!!

I have a query.......................

If all the employees  in a organisation are drawing basic salary of more than 6500/- p.m. then organisation is not covered  under P F Act ?? 

At the starting of job , the baic salary was less than rs.6500 and pf was deducted , thereafter the basic pay got increased to rs.7500, in this situation what is the liability of pf to be deducted? can the employee now refuse to deduct pf from his salary and what is the liability of employer in this case

Originally posted by : Kailash Gupta
	Very helpful presentation. Many thanks !!!!!   I have a query....................... If all the employees  in a organisation are drawing basic salary of more than 6500/- p.m. then organisation is not covered  under P F Act ??

Yes not applicable!! However it should be from begining of joining date of employee or starting of establishment!!

Originally posted by : manik
	At the starting of job , the baic salary was less than rs.6500 and pf was deducted , thereafter the basic pay got increased to rs.7500, in this situation what is the liability of pf to be deducted? can the employee now refuse to deduct pf from his salary and what is the liability of employer in this case

Employee cant refuse to contribute PF. Even employer is alos bound to contribute pf after wages for PF exceeds Rs.6500/-

Originally posted by : bharadwaj tallapragada
	bhayya a small querry , in q1 and q2 salary range of upto 6500 and above 6501 is mentioned , then what about if any one is drawing exactly 6501 [if such condition comes in any question].

PF appliccable upto 6500, above 6500 calls for exemption!!

Originally posted by : CA Madhvi
	what r d prescribed returns/challans for PF?? Can anyone clarify??have lot of confusion..

Yes, please refer this post!!

Thanks!!

Originally posted by : CA Madhvi
	have one suggestion..Wrtie on ESI Scheme...if u have  source..

Hi Madhvi,

Refer this line for detailed explanation about ESI provision: /articles/esic-in-detail-16236.asp

Originally posted by : Anbuselvam
	Originally posted by : CA Madhvi have one suggestion..Wrtie on ESI Scheme...if u have  source..       Hi Madhvi, Refer this line for detailed explanation about ESI provision: /articles/esic-in-detail-16236.asp

Thanks!!

Bookmarked! Thanks a lot for sharing!

Dear Sir,

I have again a querry to be clarified.

An employee drawing a salary of Rs.4200 /- is covered under PF and on later stage when he crosses Rs.6501/- can the employer limit his employers contribution upto Rs.6500/- only and employee continue to allow employee deduction for the full amount (Say rs.8500/-) .

More specifically

An employee drawing a salry of Rs.4200 initially. Pf is dedicted @ 12% for this 4200/- and equal amount cnotributed by employer.

On a later stage when the salary increased to 8500/-, employee allowed his deduction @ 12% on his full salary 8500/- and employer only given his contribution on 6500/-.  Is it possible ? . OR employer also should cotribute for full salary of 8500/- as the employee strated with  4200/-.

Thanks in advance

Gopakumar

Hi,

Generally emplyer & employee shares equally.. However employee has an option to contribute extra amount voluntarily, I will chek & confirm abt it..

Thanks!!

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Thanks Its so much good or informative.