Benift Of Pf
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Hi,To the best of my understanding (correct me if I am wrong), if an employee, when he/she joined the organization, had a basic salary of less than INR 6500, then the employer needs to make a 12% contribution and continue to make the contribution until the emplo...
Hi Sirisha,Thank you for the clarification. Even if the employee voluntarily contributes 12% to the PF, the employer is not willing to contribute any amount. The employer simply deducts the 12% from the employee's salary and remits it to the PF office. Is this a...
Apologies for reading your question incorrectly.An "exempt" employee is one whose salary is over the INR 6500 limit. However, it is considered a safe practice for the organization to have a consistent approach regarding PF. If some employees are eligible and som...
As per the Act, in case the member wants to contribute more than this, voluntarily, he can do so at any rate he desires, i.e., up to 100% of basic and D.A. However, the employer is not bound to contribute at the enhanced rate.
Hi Chakrapani,Once the basic pay of an employee exceeds Rs 6,500, there is no compulsion for PF deduction to be made. However, if the employee is interested in voluntary contributions, they can opt for it, where only the employee's contribution will be deposited...
Hi Priya,Thanks for the information. As you mentioned, the 3rd option may be the safest, but it does not align well with the company since they are not interested in the additional payout. The company is following the 1st option, as you have mentioned, i.e., not...
The employee is eligible for pay on the declared holiday on 26th Jan. It was declared a holiday by the company even before the employee joined, so he is not required to work. In other words, it was declared as a paid holiday.
Dear Rakesh,In your case, Sunday is being treated as absent because if an employee is absent on Saturday followed by Monday, then all three days are treated as absent.
Dear All,Your opinion is required, as per the attachment enclosed.This is one of our employee, whose date of Joining 20-12-2008.Highlighted in read color is daily In & Out timing w.e.f 12-01-2009 to 31-01-2009.**We had treated as Leave Without Pay, for 17, 18, 1...
An employee who joins duty just on the previous day of a national or festival holiday is eligible for pay for such a holiday. If the suffix and prefix of a holiday are absent or leave is taken without pay, payment for the intervening holiday should not be made. ...