Yes, provident fund (PF) contributions can be deducted from a stipend if the stipend is considered as salary or wages under labor laws. However, the specifics may vary based on the organization's policies and the applicable labor regulations. It's important to check with the employer or relevant authorities to understand the rules governing stipend payments and PF deductions.
Pl. tell me minimum basic salary/wage for pf deduction
Usually it is 12% of your basic salary
No, the Provident Fund (PF) contribution is not directly deducted from the employee's salary. Instead, it is a statutory benefit where both the employer and employee contribute a percentage of the employee's basic salary to the Provident Fund account. The employer's contribution is a separate contribution made by the company, while the employee's portion is typically deducted from their salary before it is disbursed.
You can try visiting your nearest PF office and provide them with proof of PF being deducted from your salary and credited to your account. They may be able to help you with this.
Yes PF could be deducted only on Rs:6500.
12% of your basic salary is deducted as PF every month and remitted with your EPF account. This amount will be given to you either when you retire or when you resign from your job. You can also withdraw it for certain occasions in between
his payments were stipend
First you must visit your previous employers and get a letter stating that PF was deducted from your salary and was remitted against a particular account. With this information, you need to take the details of your current PF Account and visit your nearest PF office and get them merged into one. Note: It is not correct to have multiple PF accounts for one individual. So you need to get them merged at the earliest.
PF Form 3A is an Employee wise Annual report for the Amounts deducted/contributed by the Employee and the Employer towards the EPF, VPF and EPS Accounts.
If you are no longer employed with the company that deducted the PF amount, you can visit them and submit a written request for PF withdrawal. If the company says that they would be unable to help with this, you can visit your nearest PF office and provide proof of employment with your previous employer and also proof that PF was debited from your salary and check if they can help. Note: The PF office is the authority that manages the PF amounts debited by all employers. So they should be able to help you.
An example of using stipend in a sentence would be, 'My mom was offered a stipend instead of a regular salary. ' Stipend is usually a small amount of money paid to someone.
After the car accident, Haley was on a stipend from the university while she recovered.