Sir Kindly Kindly increase Basic salery Limit From Rs 6500 to Rs 25000 because this basic limit is 15 year old and its revision is still pending.So I want to request to the EPFO Kindly do the needful immediately.Thanks
Most of the short time employees of BPO's & call center are not benefited by PF, as they don't claim the savings. The employer or the government is befitted .
Re: Re: PF %
by bhawani maity on May 30, 2013 01:06 PM
they calculate on mimimum basic slap which is Rs. 6500/- even if your basis is much higher.and this is allowed under law.
Re: PF %
by Ravindra Negi on May 31, 2013 12:38 PM
because 12% of Rs6500/ is 780/- for which emoloyer is bonded by govt.above that you can contibute from your salary part if u want to deduct more epf.
Re: EPS
by Bipin Bathia on May 30, 2013 04:51 PM
You are right. Employer is liable to pay on maximum limit of Rs, 6500/- @ 8.33% works out to be Rs. 541/- and balance of 3.67% of Rs. 6500/- i.e. Rs. 239/- goes to PF a/c
If basic pay is more than Rs.6,500 one is excluded from membership to EPF. You can have compulsory membership for employees with salary upto Rs.6,500 only and so calculate all benefits based on that ceiling.