Provident Fund rules for private companies
Date: 16 Apr 2013 Posted By:
Is there any rule in provident fund act that employees getting consolidated salary higher then Rs. 6500/- per month are not entitled for PF. ? In UP most of the companies not paying PF to their employees saying that if they are earning higher then Rs. 6500/- per month then they are not entitled for PF. Is it a rule fixed by govt.?
Would you like to know the Provident Fund (PF) rules for private companies? Get financial information here on the PF rules for employees of private companies in India.
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20 Apr 2013 Member Level:
Points : 2 (
This question has been answered many a times on this site, therefore I am providing the link to those threads.
Please go through them and you will get your answer.
PF rules and applicability
Hope you will get your answer. Although in a gist i can tell you that deduction of PF by employer is compulsory if the basic pay is below Rs.6500 and it becomes optional once the basic pay exceeds Rs.6500.
It is up to employee that he wants the PF to be deducted or not.
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