can anyone one let me no the exact PF Applicability,
suppose if any entity is covered under the provision of PF,than is it compulasry to deduct PF from the salary of employees having salary more than Rs. 5000 or not?
Nirav (Chartered Accountant) (54 Points)
29 August 2010can anyone one let me no the exact PF Applicability,
suppose if any entity is covered under the provision of PF,than is it compulasry to deduct PF from the salary of employees having salary more than Rs. 5000 or not?
Ram Avtar Singh
(Nagari Sultanpur U.P.Delhi)
(14487 Points)
Replied 29 August 2010
EPF shoul deduct all employee which is covered in EPF. if new Employee appoint on above 6500 EPF not Applicable.
if old employee reachde above 6500 then Employee share wshoud be deduct and Employer share up to 6500 to be dedut and deposit to EPF.
Nirav
(Chartered Accountant)
(54 Points)
Replied 29 August 2010
ok..that means,
in case of old 'yee having salary rs 10,000.
yee's contriburtion 12% on 10000
and 'yer's contribution on only rs.6500
AND in case of new 'yee having salary rs. 10,000
not required to deduct from its salary and also 'yer is not required to contribute...
D.Sita Rama Rao
(C A Final)
(143 Points)
Replied 01 September 2010
where from these fig of eligibility are given .pls give the name of the act
with regards
sitaramarao
Nirav
(Chartered Accountant)
(54 Points)
Replied 02 September 2010
i still confused,
plz let me be clear regarding PF Applicability
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