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Gyana Mishra (Service)     15 April 2008

PF Implication

I wish to know:

1. whether a Software Development Company covers under the defination of "Fatories" as described under PF Act 1952

2.If all the employees (more than 20) are getting basic salary more than 6500/-. Does the company liable to deduct PF from employees salary & deposit the same with his share with PF organisation.



Learning

 2 Replies

Guest (n/a)     16 April 2008

Help me to mail all answers Thanks

gauri tomar (AM- Human Resource)     18 April 2008

Yes , PF covers IT industry too and company is liable to pay 12 % contribution of basic salaryand deduct from employees as well.

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