Hi,
Any one please conform me that the PF is an Optional fro an employee who's take home is 30,000 P.M.
We have an issue that an employee is not willing to take the PF benefits. Our total employees are 23 Members.
Please suggest me.
From India, Tirupati
3Any one please conform me that the PF is an Optional fro an employee who's take home is 30,000 P.M.
We have an issue that an employee is not willing to take the PF benefits. Our total employees are 23 Members.
Please suggest me.
From India, Tirupati
Hi, As per PF rule if any Employe Basic is less than ceiling point-6500 rs then PF deduction is mandatory, if more than ceiling point then its optional.
From India, Mumbai
From India, Mumbai
It is not like that.If the employee with salary above 6500/-pm is not earlier a PF member he has option to join or not join PF.If he was a member he has no option,he has to be in EPF.
Varghese Mathew
09961266966
From India, Thiruvananthapuram
Varghese Mathew
09961266966
From India, Thiruvananthapuram
If employee don't want PF Deduction, Yes there is an option of form 11 (Declaration by a person taking up employment in an establishment in which the employees provident funds & family pension fund scheme enforce) by giving this form PF will not be deducted and employer also no need to contribute to that person.
From India, Chennai
From India, Chennai
Hi, Mathew don’t address wrongly more than ceiling point he has the option whether he want to join r not. Yes i m agree with kanimsw
From India, Mumbai
From India, Mumbai
Hi, Mathew, I would like to know such rule as u told, if he was member than he should be. Please give me any notification,any Clause,Any Article says that please attach.
From India, Mumbai
From India, Mumbai
AADI & Kanimsw, Please read para 26 along with para 2(f) of Employees Provident Fund Scheme 1952 for answer to your doubt.This was discussed many times in this forum. Varghese Mathew 09961266966
From India, Thiruvananthapuram
From India, Thiruvananthapuram
Hi,Mathew, i gone through with that, actually, if employee not closed his PF a/c and he is not withdrawn his pf then he should be the member, if he closed and he withdrawn money then he have the option to out from the PF from mutual understanding of EE and ER.
For Your Reference:
Employees Required to Join the Fund
The following employees are required to join the fund (Para 26 of EPF Scheme):
(i) Every employee employed in or in connection with the work of the factory or other
establishment to which the EPF Scheme applies except an excluded employee i.e.
drawing a salary exceeding Rs. 6,500.00 p.m. {Para 26(1)}.
(ii) Every employee is required to join the fund from the date of joining the factory or
establishment {Para 26(2)}.
(iii) Every excluded employee on his ceasing to be excluded employee i.e. makes an
application jointly with the employer.
From India, Mumbai
For Your Reference:
Employees Required to Join the Fund
The following employees are required to join the fund (Para 26 of EPF Scheme):
(i) Every employee employed in or in connection with the work of the factory or other
establishment to which the EPF Scheme applies except an excluded employee i.e.
drawing a salary exceeding Rs. 6,500.00 p.m. {Para 26(1)}.
(ii) Every employee is required to join the fund from the date of joining the factory or
establishment {Para 26(2)}.
(iii) Every excluded employee on his ceasing to be excluded employee i.e. makes an
application jointly with the employer.
From India, Mumbai
AADI
Read the definition of excluded employee.Only the employees who withdrew PF on retirement after 55 years or migrating from India for settling abroad can claim as 'excluded 'employee,not those who have resigned and withdrew PF.
Varghese Mathew
From India, Thiruvananthapuram
Read the definition of excluded employee.Only the employees who withdrew PF on retirement after 55 years or migrating from India for settling abroad can claim as 'excluded 'employee,not those who have resigned and withdrew PF.
Varghese Mathew
From India, Thiruvananthapuram
Hi,
As per PF rule if any Employe Basic is less than ceiling point-6500 rs then PF deduction is mandatory, if more than ceiling point then its optional. but if any employee, PF had deducted in previous company, so he is eligible/madantory for the deduction of his PF in his current org & future org. if employee have his first job and basic is higher than Rs 6500/- then its optional whether he want to deduct PF or not.
From India, Udaipur
As per PF rule if any Employe Basic is less than ceiling point-6500 rs then PF deduction is mandatory, if more than ceiling point then its optional. but if any employee, PF had deducted in previous company, so he is eligible/madantory for the deduction of his PF in his current org & future org. if employee have his first job and basic is higher than Rs 6500/- then its optional whether he want to deduct PF or not.
From India, Udaipur
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HC All - Trainees not covered for PF -2010.pdf
PF Ledger.xls