BASIC 6500
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Dear Azad,Can you provide the below-mentioned notification No. S. O. 875(E), dated 10.10.1987 as amended by S. O. 237, dated 11.1.1989.Thanks and regards,Joy
Dear Vijaya,I am not in Hyderabad; I am in Gurgaon, Haryana, which is in the NCR (National Capital Region). I am running my own practice focusing on labor law matters.Thank you.
An employee joining with Basic above Rs. 6500/- and in his last organization if he was not a PF subscriber, then only he can be exempted from PF. At the same time, the employer will have the employee sign Form 11 during the joining process.Regards, Mohammad Akra...
If the employee drawing a salary above Rs 6500/- per month is already a PF member in his earlier company, he cannot be exempted.
Currently, the ceiling of salary for PF deduction is Rs. 6,500\. Those who are drawing more than Rs. 6,500 could be restricted to Rs. 6,500\. However, if the company desires, they can deduct PF for amounts above Rs. 6,500, as it will be a benefit to employees.No...
Dear Sir,I would like to inquire if any person can be exempt from EPF if their basic salary is above Rs. 6500/-. If so, when was this rule implemented?Thanks & Regards,GAUTAM KUMARMOB: +91 9709965397
Such employee shall not be treated as exempted but shall be treated as "Excluded Employee" under PF Scheme, please see below definition.(f) “excluded employee” means—2[(i) an employee who, having been a member of the Fund, withdrewthe full amount of his accumula...
Dear Goutham,You can exempt the employee whose salary is above Rs. 6500/- per month. Please go through the contents of exemptions under EPF Act - 1952.
If you appoint freshers whose salary is above Rs. 6500/- (they should not be a member of PF previously), then only exemption from PF.With regards,V. Subbarao
As per law, the employer's contribution will be 12% towards the Provident Fund (PF).Bifurcation:- 8.33% will go towards the Pension Fund (calculated on Rs 6,500, so the maximum will be Rs 541 per month).- 3.67% will be allocated to the Provident Fund (calculated...