17 November 2008
As per the PF Act, employee means an employee who is drawing Salary (i.e Basic+DA)less than or equal to Rs.6500/-. If the employees who is drawing the salary more than Rs.6500/-(Basic+DA) donot want to contribute to pf, Then can the company allow?. i.e. with the requst of the employees(who is drawing (basic+da)more than Rs.6500/-) if the company is not deducting the pf from the employees is there any non compliance?
CAclubindia
