shrivatsa
10 October 2012 at 21:34
Hi,
I need clarifications regarding PF wages in case of an employee drawing basic salary more than Rs. 6500/- pm.
I have given two type of calculating PF Wages ina particular month.
In Method 1 – PF wages is calculated pro rata basis on actual basic, but, restricted to Rs. 6500/- pm, maximum.
But, in Method 2, PF wages calculated keeping wage ceiling i.e., Rs. 6500/- as fixed PF wages. Earned PF wages in that particular month will get reduced less than Rs. 6500/- in case employee is absent for even a single day.
In my opinion, PF wage must be the actual wage earned but, restricted to a maximum of Rs. 6500/- pm. In section 29(1) of Chapter V of EPF Scheme, 1952, its mentioned that PF contributions will be paid on wages ‘PAYABLE’ to an employee. In section 29(3) of Chapter V of EPF Scheme, 1952, its mentioned that PF contribution calculations must be done on PF wages actually drawn in that particular month.
In the above context, Method 1 is the correct way of calculating PF contribution in case of an employee drawing Basic wages more than Rs. 6500/- pm.
Pl provide your point of view in this regard.
kashif
08 October 2012 at 15:32
In the current khatauni of khasra no. xxx , year 1360 fasli is shown as the year from which the rights on land of the bhumidhars started. Can it be concluded from this information (in the abscence of more detailed information) that provisions of UPZALR,1950 were applicable on this plot, because the other act i.e UP Urban Area ZALR was passed in 1956 i.e 1364 fasli. If we want more clear information about which act applies to this plot than what should I do i.e where can I find the records and which records I shld refer. Actually I have no idea that wether on 7-7-1949 the plot was lying within municipal boundaries or outside it. Thx
sanjeev kumar
07 October 2012 at 13:30
Dear sir,
I have joined a pharma company dated 2nd of july-12 based at patna H.Q. as supervisory position,
In company there is a reporting system through net,
There was holiday on 2nd oct-12,my senior did a mail on my personal Id (not on company reporting system)to report head office and meet our national sales manager,
Although i have submitted leave application dated 2nd oct-12 through company reporting system that due to bad health i will be on leave on 3rd oct-12,
i have gone under treatement on 3rd oct-12,
Due to bad health again i want to log in company reporting system to extend my leave , but i couldnot log in,
I mailed to my Admin and HR also my immediyate superior regarding this,
on 4th oct-12 i received a mail from our HR Deptt. that due to unstisfactory performance your services is discharge effect from 3rd oct-12 same i received by courier on 6th oct-12 at my correspondence ,that courier despatch on 5th oct-12 from H.O. Hr deptt.on 5th oct-12,
I want to know is this righ desicison taken by a company or i can fight to discharge my services,
Thanks,
P.Parthasarathi
07 October 2012 at 12:35
Sirs,
My client is a co-operative society registered under the societies registration Act, 1860 in 2005. It is a co-op society created on the specific direction of the provincial Government to function inside the campuses of all the three Govt. Medical Colleges of the State and its function is to maintain the hospital, collect nominal fee for conducting pathological and radiological tests etc. and to use the revenue so collected for the upkeep of the hospital and improve the infrastructure. In other words it s object is to provide " medical services" to some people with nominal charges and to the BPL holders free of charges. It has not so far applied for Registration u/s 12A and the jurisdictional Income-tax Authority has now issued a notice u/s 148 for bringing to tax its income over expenses for all the 4 past years. Now the question is :Can the society apply for REg. u/s 12A to the Commissioner of Income-tax seeking the same from retrospective effect? Since notices u/s 148 have already been received the society, whose status under the IT Act would be AOP ( Co-op society ) should it pay the tax u/s 140A and then file the return even though it immediately applies for registration u/s 12A? It surely comes under the category of Non-Profit making institution that serves the public by providing Medical Relief as enunciated in the case of CIT v. P.Kishna Warrier(1972) 84 ITR 119 (Ker) and also falls within the scope of sec. 2(15) as amended by the F.Act, 2008 w.e.f asst. year 2009-10. Kindly suggest the chronology of actions to be taken by the client society.
s k jha
06 October 2012 at 22:05
Sir,
I bought a tenament house at Vadodra, gujarat. House cost consists of Land cost 10 lacs and construction cost 15 lacs. What Will be the service ta?x
On 25% of total cost i.e. Rs 25 lacs or 33% of Construction cost i.e. Rs 15 Lacs.
Regards
S K Jha
simran
05 October 2012 at 17:18
Dear Sir
My company is generating some transformer oil waste from our sub station.It weights 1Kg every year. Law says it should not be disposed into the environment. Can i store waste oil for subsequent years until enough is generated for sending to authorized dealer. Any litigation involved? Because it is not possible to send 1Kg every year to some authorized dealer due to financial implications and involvement of lot of resources, say manpower and transport.
What process do these authorized dealer follow to dispose this useless oil?
Thanking for sharing the information.
simran
05 October 2012 at 17:07
Dear Sir
My company is generating some transformer oil waste from our sub station.It weights 1Kg every year. Law says it should not be disposed into the environment. Can i store waste oil for subsequent years until enough is generated for sending to authorized dealer. Any litigation involved? Because it is not possible to send 1Kg every year to some authorized dealer due to financial implications and involvement of lot of resources, say manpower and transport.
What process do these authorized dealer follow to dispose this useless oil?
Thanking for sharing the information.
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Compulsory acquisition
Dear Experts,
Please Let Me Know What is the Criteria of Compulsory Acquisition of Land by Govt.Central/State.
Is Govt Can Make Acquisition of land Even Against of LandOwner ?
Or Other Than Central/State Govt Can Make This ?
Please Clarify ?