celling of E P F deduction
This query is : Resolved
11 December 2009
we have 70 regular emploess and contributing 12% e p f as employeer share irrespective to celling of Rs 6500 . i.e is the salary of employees is 20000/- we contibute Rs 2400/-
But we have 300 employees deputed by contractor who have his own account no and the EPF of these contractors are being deposited in the account code of contractor . The employer share is being paid to contractor by Us . I want to know that CAN THE CONTRACTOR DEPOSIT E P F UP TO THE CELLING OF rS 6500/- ONLY EVEN THE EMPLOYEE OF CONTRACTOR WORKING IN OUR FACTORY GETTING SALARY ABOVE rS 6500/-.
iS IT mandatory to follow the same rate and celling for the contractors emplyee which we adopts for EPF for our emplyees on our roll.
In my opinion we should contribute for contractors employee only up to Rs 6500/- where as for our employess we contibutes for full wages i.e above Rs 6500/- also
But we have 300 employees deputed by contractor who have his own account no and the EPF of these contractors are being deposited in the account code of contractor . The employer share is being paid to contractor by Us . I want to know that CAN THE CONTRACTOR DEPOSIT E P F UP TO THE CELLING OF rS 6500/- ONLY EVEN THE EMPLOYEE OF CONTRACTOR WORKING IN OUR FACTORY GETTING SALARY ABOVE rS 6500/-.
iS IT mandatory to follow the same rate and celling for the contractors emplyee which we adopts for EPF for our emplyees on our roll.
In my opinion we should contribute for contractors employee only up to Rs 6500/- where as for our employess we contibutes for full wages i.e above Rs 6500/- also
11 December 2009
deposit of EPF on salary above rs.6500is not bounded by any law. its depend on employer to deposit or not. same rule for contrctor. but you can not pay contrctor share you are paying to contractor and contrctor will pay EPF & ESI.
15 October 2010
maximum limit that a employer can deduct it from his employee is Rs. 780 calculated @ 12 on Rs 6500 /- however employee can paid more than that percentage but employer is not bond to do so , it is different if the employer likes to pay
regarding e s i you can deduct it from your @1.75 a,d you have to paid @ 4.75 % on net earning , is you are paying for contract worker also to the contractor so it is there duty to do all that things but for better practice you should cheek that either contractor are making there liability or not .
regarding e s i you can deduct it from your @1.75 a,d you have to paid @ 4.75 % on net earning , is you are paying for contract worker also to the contractor so it is there duty to do all that things but for better practice you should cheek that either contractor are making there liability or not .
31 March 2011
Sir
My query is : Is there any law or rule under EPF that a employeer have to adopet the same scheme/ benifits for all the employees working in his premises weather his own employees or employees deuted by contractor. Pl clear If we pay contibution above celling for our regular employees then are we bound to pay contibution ( As principal Employer)above celling to the employees of contractor OR we can pay them up to Rs 6500? where as we are paying beyond the celling for our regular employee
My query is : Is there any law or rule under EPF that a employeer have to adopet the same scheme/ benifits for all the employees working in his premises weather his own employees or employees deuted by contractor. Pl clear If we pay contibution above celling for our regular employees then are we bound to pay contibution ( As principal Employer)above celling to the employees of contractor OR we can pay them up to Rs 6500? where as we are paying beyond the celling for our regular employee
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Should I report my US salary for January, February, March in Schedule FA?
- GST ON EXPORT COMMISSION
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
