Dear All,
One of my company employees resigned from his job last year and withdrew his PF claims and Pension Scheme certificates. He recently rejoined my company, and once again, I have to deduct his PF contribution up to 6500/- from his salary.
My question is: Is it mandatory to open a new PF account, or can we make contributions towards his old PF account number?
Thanks and Regards,
S. Balamurugan
From India, Salem
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2One of my company employees resigned from his job last year and withdrew his PF claims and Pension Scheme certificates. He recently rejoined my company, and once again, I have to deduct his PF contribution up to 6500/- from his salary.
My question is: Is it mandatory to open a new PF account, or can we make contributions towards his old PF account number?
Thanks and Regards,
S. Balamurugan
From India, Salem
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Dear Mr. Balamurugan,
Based on the information provided by you, it appears that you are liable to deduct PF contributions and remit the amount by creating a new account in the name of the employee. The employee has withdrawn his dues under the old account, rendering it inactive. Since the employee has been a member of PF, you cannot exclude him under Para 26 by obtaining Form 11. Therefore, it is advisable that you remit the contribution by creating a new account in the name of the employee.
Hope that helps.
From India, Pune
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Based on the information provided by you, it appears that you are liable to deduct PF contributions and remit the amount by creating a new account in the name of the employee. The employee has withdrawn his dues under the old account, rendering it inactive. Since the employee has been a member of PF, you cannot exclude him under Para 26 by obtaining Form 11. Therefore, it is advisable that you remit the contribution by creating a new account in the name of the employee.
Hope that helps.
From India, Pune
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Balamurgan,
I would suggest opening a new account for him. Please let me know if you have any strong reason to continue his previous account. We can look at it from that perspective.
Nanda
email: write2nk@gmail.com
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I would suggest opening a new account for him. Please let me know if you have any strong reason to continue his previous account. We can look at it from that perspective.
Nanda
email: write2nk@gmail.com
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Create new account.... Same case happened in my company too, We’ve transfered his PF via Form No.13 in same establishment
From India, Bangalore
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From India, Bangalore
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It is mandatory to open a new account because the member has already withdrawn his PF/FPF amount, and now his account is inactive.
However, based on the information provided, it appears that you are not liable to deduct PF contributions because the employee's salary is more than 6500, and the employee has already withdrawn his PF/FPF amount. The employee has withdrawn his dues under the old account, and hence he is not a member of the fund.
From India, Surat
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However, based on the information provided, it appears that you are not liable to deduct PF contributions because the employee's salary is more than 6500, and the employee has already withdrawn his PF/FPF amount. The employee has withdrawn his dues under the old account, and hence he is not a member of the fund.
From India, Surat
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Dear Sir,
Good morning. Once a member withdraws his PF/FPF amount, then after that, he is not a member of EPF. Now, if the member rejoins, he is treated as a new member, and if his salary is above 6500, he becomes an excluded employee.
From India, Surat
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Good morning. Once a member withdraws his PF/FPF amount, then after that, he is not a member of EPF. Now, if the member rejoins, he is treated as a new member, and if his salary is above 6500, he becomes an excluded employee.
From India, Surat
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Dear Mr. Chirag,
That is a good question, but unfortunately, the law states that you will have to deduct the amount. If you see Option (e) in the attached Form 11 - which is obtained from the excluded employee, it says "I have never been a member of the Fund." Legally speaking, your employee does not fall within the category of an excluded employee.
However, on a practical note, it seems that there is no way the PF department can obtain the information on whether he has held a PF Account before. Therefore, if you obtain Form 11 from the employee declaring that he has never been a member (Pt e), then you may proceed to exclude the employee as you fit within the legal framework. I advise you to consult the regional Provident Fund Inspector before you follow this practice if you wish to have more certainty and confidence.
Hope that helps.
From India, Pune
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That is a good question, but unfortunately, the law states that you will have to deduct the amount. If you see Option (e) in the attached Form 11 - which is obtained from the excluded employee, it says "I have never been a member of the Fund." Legally speaking, your employee does not fall within the category of an excluded employee.
However, on a practical note, it seems that there is no way the PF department can obtain the information on whether he has held a PF Account before. Therefore, if you obtain Form 11 from the employee declaring that he has never been a member (Pt e), then you may proceed to exclude the employee as you fit within the legal framework. I advise you to consult the regional Provident Fund Inspector before you follow this practice if you wish to have more certainty and confidence.
Hope that helps.
From India, Pune
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Though he has withdrawn his PF and pension from his account, his account has been inactivated. Now, you have to start a new account for that employee, but don't delay. Please do it as soon as possible.
ARAVINDAN
HR Executive
AVT
From India, Chennai
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ARAVINDAN
HR Executive
AVT
From India, Chennai
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Dear sir pls go with option "c" why to worry member already withdraw his pf / fpf amount than after he is not a member of fund as per act & now he rejoin he treated as a new employee as per act
From India, Surat
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From India, Surat
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Dear sir, please go with option "c." Why worry? The member has already withdrawn his PF/FPF amount, so he is no longer a member of the fund as per the act. Now that he has rejoined, he should be treated as a new employee as per the act.
Attribution: https://www.citehr.com/489149-pf-con...#ixzz2xzqURZLo
From India, Surat
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Attribution: https://www.citehr.com/489149-pf-con...#ixzz2xzqURZLo
From India, Surat
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PF Contribution on Leave Encashment - Clarification by EPFO.pdf