25 April 2009
We are registered Pvt company in Bangalore. We have registered under PF from 1.4.2007, where there was an strength of 21 employees an. And it was varying down and up (like some months 25 employees or 18 employees).
After some time the Employees who covered under PF, left from Job and strength of PF covered employees were only 8. But company's employees strength was 22. And they were deducting PF only for 8 only.
Presently the Company's employee strength is 16 and employee covered under PF is 6. And PF contribution from Employer also 6 only.
1) Please guide me whether the PF is applicable to all employees or who get registered under PF at the time of First Registration (1.4.20007) 2) Present strength is less than 20. And employee covered under PF is 6 only. Others also eligible for PF or not.
I agree the max limit ceiling is 6,500/- P.M. If a person receives a Gross salary Rs. 20000/-P.M. (Approx Basic 40% i.e, Rs 8000/-P.M.) is PF applicable for him also.
If it so then you want me to deduct Rs.960/- pm (12%) or you are saying the PF is applicable whose Basic salary is less than Rs.6500/-P.M.?
CAclubindia
