Provident Fund - A Complete FAQ - LAW | Labour & Industrial [4]

Provident Fund - A Complete FAQ

Page no : 4

ARIHANT SINGHVI (CA & CS) (73 Points)
Replied 05 January 2013

THANKS FOR GIVING POINT TO POINT INFORMATION ON PF...STAY IN TOUCH

1 Like

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Varsha (Student) (1164 Points)
Replied 05 January 2013

Good one thanx 4 sharing !!!!!!!!!!!!

Kailash Gupta (Partner) (24 Points)
Replied 05 January 2013

Very helpful presentation. Many thanks !!!!!

I have a query.......................

If all the employees in a organisation are drawing basic salary of more than 6500/- p.m. then organisation is not covered under P F Act ??

manik (ca in practice) (420 Points)
Replied 05 January 2013

At the starting of job , the baic salary was less than rs.6500 and pf was deducted , thereafter the basic pay got increased to rs.7500, in this situation what is the liability of pf to be deducted? can the employee now refuse to deduct pf from his salary and what is the liability of employer in this case

@VaibhavJ (Believe!! Live your dreams!) (33516 Points)
Replied 06 January 2013

Originally posted by : Kailash Gupta
	Very helpful presentation. Many thanks !!!!! I have a query....................... If all the employees in a organisation are drawing basic salary of more than 6500/- p.m. then organisation is not covered under P F Act ??

Yes not applicable!! However it should be from begining of joining date of employee or starting of establishment!!

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@VaibhavJ (Believe!! Live your dreams!) (33516 Points)
Replied 06 January 2013

Originally posted by : manik
	At the starting of job , the baic salary was less than rs.6500 and pf was deducted , thereafter the basic pay got increased to rs.7500, in this situation what is the liability of pf to be deducted? can the employee now refuse to deduct pf from his salary and what is the liability of employer in this case

Employee cant refuse to contribute PF. Even employer is alos bound to contribute pf after wages for PF exceeds Rs.6500/-

@VaibhavJ (Believe!! Live your dreams!) (33516 Points)
Replied 06 January 2013

Originally posted by : bharadwaj tallapragada
	bhayya a small querry , in q1 and q2 salary range of upto 6500 and above 6501 is mentioned , then what about if any one is drawing exactly 6501 [if such condition comes in any question].

PF appliccable upto 6500, above 6500 calls for exemption!!

1 Like

@VaibhavJ (Believe!! Live your dreams!) (33516 Points)
Replied 06 January 2013

Originally posted by : CA Madhvi
	what r d prescribed returns/challans for PF?? Can anyone clarify??have lot of confusion..

Yes, please refer this post!!

Thanks!!

Anbuselvam (CMA Final Pursuing) (240 Points)
Replied 08 January 2013

Originally posted by : CA Madhvi
	have one suggestion..Wrtie on ESI Scheme...if u have source..

Hi Madhvi,

Refer this line for detailed explanation about ESI provision: /articles/esic-in-detail-16236.asp

@VaibhavJ (Believe!! Live your dreams!) (33516 Points)
Replied 08 January 2013

Originally posted by : Anbuselvam
	Originally posted by : CA Madhvi have one suggestion..Wrtie on ESI Scheme...if u have source.. Hi Madhvi, Refer this line for detailed explanation about ESI provision: /articles/esic-in-detail-16236.asp

Thanks!!

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(Guest)

Originally posted by : Nitish Agrawal
	Informative one....

(Guest)

Bookmarked! Thanks a lot for sharing!

GOPAKUMAR (STUDENT) (30 Points)
Replied 05 March 2013

Dear Sir,

I have again a querry to be clarified.

An employee drawing a salary of Rs.4200 /- is covered under PF and on later stage when he crosses Rs.6501/- can the employer limit his employers contribution upto Rs.6500/- only and employee continue to allow employee deduction for the full amount (Say rs.8500/-) .

More specifically

An employee drawing a salry of Rs.4200 initially. Pf is dedicted @ 12% for this 4200/- and equal amount cnotributed by employer.

On a later stage when the salary increased to 8500/-, employee allowed his deduction @ 12% on his full salary 8500/- and employer only given his contribution on 6500/-. Is it possible ? . OR employer also should cotribute for full salary of 8500/- as the employee strated with 4200/-.

Thanks in advance

Gopakumar