in my company 3 mem are not opting PF whose gross salary is 80 -1L. is it ok for non-opting PF.
From India, Bengaluru
From India, Bengaluru
Rs 80 thousand per month is much above the threshold limit fixed under the EPF & MP Act. If these employees were not previously covered, then you can exclude them. But at the same time if they are existing members of EPF, ie, had PF in the previous company, they should be covered in your establishment also. You shall collect a declaration in form 11. This is a declaration to be submitted by the employee at the time of joining your company which declares that he is not an existing member. If he declares so, and if his salary is above Rs 15000, he can be excluded from PF coverage.
From India, Kannur
4262From India, Kannur
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EPFO MEMBERS BOOKLET.pdf
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