Can I please be guided as to matter of " Emloyer's Contribution towards Provident Fund on Salary in lieu of Notice "? My contention is that we are going to pay two months salary as Salary in lieu of notice to one of our employees and whether we should treat it as salary and if it is yes, whether PF should be deducted from that amount .
Regards
Saroj
Hi...
If u r paying salary during Notice period to Employees...Then it is salaries n u have to deduct PF as usual...
If you are paying 2 months salary to the employee in lieu of notice period, PF neednot be deducted since this is only compensation.
Interactive Media Pvt Ltd.
New Delhi
CA Inter
View Details
Bharat Shah & Associates
Mumbai
CA Inter
View Details
Twenty Point Nine Five Ventures Private Limited
Noida
CA Inter
View Details
CCI
Pro
CAclubindia
