Employees provident fund
A.Ramamoorthy
(Querist) 09 October 2012
This query is : Resolved
Dear Sir,
I am working in a Govt.undertaking corporation from Sept.2007 onwards as consultant (Accts&EDP). my appointment is being approved by Board of Directors ( 4 IAS & 3 Non IAS). Initially i was appointed on contract with a fixed remuneration for one year and subsequently my remuneration was increased each and every year along with my contract period. my extension is from July,12 to June,13 with a consolidated pay of Rs.25,000/- PM. My terms of appointment is on REGULAR TIME basis with work allocation at par with regular employees. I am looking after accounts transaction and making entries in tally. Handling Internal,Statutory & AG Audit parties. taking care of all computer sytems. Since my service is on Regular time basis, i am not deducting any TDS, recovering EPF @ 12%. Now the new manager is questioning about the above 2 things.
I request the experts in this field to clarify me, whether i am eligible for EPF coverage,and exempt from TDS recovery, since i am working on all the days as per my order.
my email id is :armoorthy_akm@yahoo.co.in
A.Ramamoorthy
Consultant (EDP/Accts)
TAMCO LTD
Chennai 2
Sudhir Kumar, Advocate
(Expert) 09 October 2012
contract service is generally made with a view to evade EPF liability. You have got a generous and magnamimous employer who wants to thrust the benfit on you.
A tax expert can better comment if non-deduction of TDS is legal or not or whether employer is being lead into trouble.
