Provident fund Applicablity
This query is : Resolved
02 November 2009
Dear Respected Member,
What is the PF deduction limit of any employee or no deduction , if employee is drawing a basic salary above 6500.00 ? & also what is applicability limit for ITES/BPO firm (Employee Count) ?
Thank in advance
What is the PF deduction limit of any employee or no deduction , if employee is drawing a basic salary above 6500.00 ? & also what is applicability limit for ITES/BPO firm (Employee Count) ?
Thank in advance
02 November 2009
Employee count should be 20 for pf applicability.
If the salary exceeds rs.6500 then for the purpose of pf his salary will be restricted to rs.6500.
If the salary exceeds rs.6500 then for the purpose of pf his salary will be restricted to rs.6500.
02 November 2009
agree
03 November 2009
Agree with expert but if employer wants he can pay PF on higher salary also.
14 November 2009
Agreed with Shri B.Srinivasulu & Sanjay Mokharjee,
I and would like to add that the same rules are applicable to ITES/BPO also.
I and would like to add that the same rules are applicable to ITES/BPO also.
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?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- Tds on building rent monthly
- RCM INVOICING FROM NOV-2024
- 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
