Deduction of employer’s contribution share from the employee’s wage. Imprisonment of not more than six years or a fine of not more than RM20,000 or both. Deduction of the employee’s share from the salary and failure to submit the contribution to the agency. Employer fails to fur...
those establishments that recruits 20 or more employees have to covered under the EPFO act and they have to deduct 12% contribution from Employees wages/salary(Basic+DA+retaining allowances if any) on monthly basis and it has to be remitted to EPF fund along with employer equal share. ...
EPF contributions are a mandatory deduction from the monthly salary and the employer is mandated to make a corresponding contribution to the employee EPF account. The EPF account is linked with a valid Aaddhar number and a bank account number which is to be verified using an OTP. ...
and pension for nominees.EPS program replaced the Family Pension Scheme (FPS). It is financed by diverting 8.33 percent of employer’s monthly contribution from the EPF(restricted to 8.33% of 6500 or Rs 541.From Sep 1 2014 salary limit has been increased to Rs 15,000 so Rs 1250 per mont...
Sir my annual gross income is 602000.TDS deducted from my salary for this year is 12000.i want to withdraw 2 lakhs from my epf . my service period is less than 5 years. sir am i eligible to fill 15G form ? if not then only 10% tds will deduct from my withdrawal amount or any ...
Basic Salary More than 15000, EPS Contribution, Rejection of Transfer or EPF Claim mayur ghule My claim got rejected because of “GOVERNMENT CERTIFICATE REQUIRED” what does it means? Reply GANESH PAWAR I have applied for a monthly pension but it is showing ...
company’s salary structure. It is afixedpart of one’s compensation structure. Many allowances and deductions are described in terms of percentage of the Basic Salary. For example, Your PF is deducted at 12% of your Basic Salary. HRA is also defined as a percentage of this Basic Salary....