One of my friends passed out from a Tier 1 B-school and joined SBI as a "Management Trainee" in a contract role, extendable up to 5 years. The PSU is not providing any PF, medical, etc. benefits in this role, which otherwise would apply to a "permanent employee." While not giving other benefits is understandable, but is non-allocation of PF in the CTC legal?
From what I understand, a PSU is required to ensure that any employee, even if under a contractor, is required to verify PF payments. Then why is a direct contract employee not eligible?
From India, Mumbai
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From what I understand, a PSU is required to ensure that any employee, even if under a contractor, is required to verify PF payments. Then why is a direct contract employee not eligible?
From India, Mumbai
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If, in the terms of the contract, the PF Gross (Basic + DA) is more than 15,000/- per month and it is the candidate's first-time employment, the candidate will not be eligible for PF membership. Otherwise, if the PF Gross is 15,000/- or below, the candidate is eligible for PF.
S K Bandyopadhyay (Howrah, WB)
From India, New Delhi
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409S K Bandyopadhyay (Howrah, WB)
From India, New Delhi
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