Anand Banka (Sr Manager F/A) (57 Points)
05 May 2010Dear Proffesionals
Is providend fund is applicable if the basic salary is equal to or above 8000/- . if any employee does not want that P F should be deducted from his salary and according to employer the p f is to be deducted on maximum of rs 6500.00 than any provision for that.
please clearyfy the same
thanks
anand
CA Dhiraj Ramchandani
(CA, M. com)
(10823 Points)
Replied 05 May 2010
Nope.., i mean, its compulsion on employer to deduct pf or else the same amount will be chargeable on his income...
Ram Avtar Singh
(Nagari Sultanpur U.P.Delhi)
(14497 Points)
Replied 05 May 2010
it should be deduct. if he dont want to decust EPF then service Breack and take new appointmnet .
CAclubindia
