Provident Fund-2

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 July 2010 Hi
Respected Member

1.Can any one tell me Whether Provident fund is applicable or not in case of Director's remunaration?

2.In my office Some C.A. told that Applicable if remunaration not exceed 15000 and SOme C.A. told that not applicable.

3.Please help me and may i know what is the limit for deduct Provident fund on such remunaration.

Sunil Kr. Sanganeria

Sunil Kr. Sanganeria (Expert)
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14 July 2010 If a director is whole time/ managing director and geting monthly salary from the Company in every month, the PF rule will be applicable in the same way as applicable to other employees of the Company.