Is PF mandatory for salary above 20000?

EPF eligibility criteria If you receive a salary above Rs. 15,000 per month, you are considered as an ineligible employee and it is not compulsory for you to become a member of the EPF, although you can still register with the consent of your employer and the approval of the PF Assistant Commissioner.

Is PF mandatory for salary above?

EPF eligibility criteria If you are drawing a salary higher than Rs. 15,000 per month, you are termed a non-eligible employee and it is not mandatory for you to become a member of the EPF, although you can still register with the consent of your employer and approval from the Assistant PF Commissioner.

Is it mandatory to deduct PF from salary more than 15000 notification?

Those earning basic wages more than 15000 per month, EPF contribution is not mandatory. Also, the employer can choose to limit its contribution towards EPF to 12 per cent of Rs 15,000 (Rs 1,800) under Section 26A of EPF act for those employees earning more than Rs 15,000 per month as basic wages.

What if employer does not deduct PF?

As per the Employees Provident Fund Act, the employer’s share cannot be deducted from the member. Also, it cannot be recovered from the salary of employees. If the employee PF was deducted and not paid, it is incorrect. You can reach out to your officer-in-charge for getting the same rectified.

What is Account No 22 in PF?

A/c No. 22 – 0.01\% of Pensionable Salary for EDLI Admin. Charges – Minimum Rs.

Is it mandatory to deduct PF from the salary of employees?

If the salary ( basic wage + DA) of an employee is 15000 from the starting date of his joining then it is not mandatory to deduct PF from his salary. If the employee salary increases to above 15000 due to salary hike and if he is previously an EPF member then he should continue making PF contribution.

What is PF deduction on salary above 15000?

PF Deduction on Salary above 15000 If the salary ( basic wage + DA) of an employee is 15000 from the starting date of his joining then it is not mandatory to deduct PF from his salary. If the employee salary increases to above 15000 due to salary hike and if he is previously an EPF member then he should continue making PF contribution.

What is the maximum amount an employer can contribute to PF?

For the PF deduction, the maximum limit of salary of the employee is Rs 15,000 per month. This means that even if the employee’s salary is above Rs 15,000, the employer is liable to contribute only on Rs 15,000 that is Rs 1,800.

Is PF contribution mandatory for employees with a basic salary plus Dearness?

Yes contributing to EPF is mandatory for the employees who have a basic salary plus dearness allowance is up to Rs. 15,000 (earlier it was Rs. 6,500). Is the PF deduction mandatory for employees who have a salary more than 21,000 Rs?