Does Every Employee Contribute To Pf?

1.	Does Every Employee Contribute To Pf?
Answer» According to the PF RULES (as of 2004), all employees who draw a PF Basic of less than Rs. 15000 have to contribute to PF. This is mandatory. For employees having PF Basic more than Rs. 15000, the deduction/contribution will be on 15000. However in most companies, PF is APPLICABLE to all employees. There are EXCEPTIONS (people who do not contribute) but these are few. According to the PF rules (as of 2004), all employees who draw a PF Basic of less than Rs. 15000 have to contribute to PF. This is mandatory. For employees having PF Basic more than Rs. 15000, the deduction/contribution will be on 15000. However in most companies, PF is applicable to all employees. There are exceptions (people who do not contribute) but these are few.

Answer»

According to the PF RULES (as of 2004), all employees who draw a PF Basic of less than Rs. 15000 have to contribute to PF. This is mandatory. For employees having PF Basic more than Rs. 15000, the deduction/contribution will be on 15000. However in most companies, PF is APPLICABLE to all employees. There are EXCEPTIONS (people who do not contribute) but these are few.

According to the PF rules (as of 2004), all employees who draw a PF Basic of less than Rs. 15000 have to contribute to PF. This is mandatory. For employees having PF Basic more than Rs. 15000, the deduction/contribution will be on 15000. However in most companies, PF is applicable to all employees. There are exceptions (people who do not contribute) but these are few.

Discussion

No Comment Found

Related InterviewSolutions

I Have An Error While Exporting Form 3a - (form 3a) To Edi Format. What Do I Verify?
What If Family Pension Fund Or Fpf Or Employee Pension Scheme Or Eps?
How To Do Pf - Process For A New Entrant To Your Organisation Who Has Never Been Previously A Contributing Member Of Pf Using Greythr:?
Where To Enter The Uan Number In Greythr?
How To Do Pf Process For Resigned Employees Using Greythr?
How To Do Pf Process For My Existing Employees Using Greythr On A Monthly Basis?
What Is Esi Gross Salary?
What Are The Rates For Contribution (deduction) To Esi?
What Is Esi Rules?
An Employee Has Esi Deduction But Is Not Appearing In The Esi Report. What Could Be The Issue?