Hi Team, I have recently joined a company as Sr HR executive. I am in training and development. My concern is that my salary Break -up does not include PF benefits. Can it be impacting on my next job in any manner? Or Is it mandatory to take advantage of this facility. As of now, I do not want to indulge in this type of benefit. Because I am receiving the full amount of salary without deduction. If I force management for adding this benefit in salary Break-up. They will adjust the PF amount in the current CTC without contributing an extra amount from themselves. Can anyone help me out to take the necessary steps for future safety.
Maninder Singh
From India, Chandigarh
Maninder Singh
From India, Chandigarh
Dear Manindar singh,
From your descriptions I understand that your salary is above Rs.6500/- .Your company may do the same as you said in the later part if you insist on P F.The cut off rate Rs.6500/- set much before. Our Govt will Take its own time to rectify and update. It is better to solve the issue in side the department as you belongs to the same
Regards
Benny Thomas
From India, Bangalore
1From your descriptions I understand that your salary is above Rs.6500/- .Your company may do the same as you said in the later part if you insist on P F.The cut off rate Rs.6500/- set much before. Our Govt will Take its own time to rectify and update. It is better to solve the issue in side the department as you belongs to the same
Regards
Benny Thomas
From India, Bangalore
Hi Mahinder,
If your basic salary exceeds Rs. 6500/- your are exempted from PF. Then it will become optional. But PF is mandatory for below 6500/- basic. In your case there will be no problem. But company should have collected on EPF exempted form (i, think it is form11) from and file it.
Regards,
Vishwanath
From India, Hyderabad
If your basic salary exceeds Rs. 6500/- your are exempted from PF. Then it will become optional. But PF is mandatory for below 6500/- basic. In your case there will be no problem. But company should have collected on EPF exempted form (i, think it is form11) from and file it.
Regards,
Vishwanath
From India, Hyderabad
Don worry Mahineder about next job. There are many many other documents to proof your employement, such as your bank statement, payslip and appointment letter. Any of this doc can do.
Regards,
Vishwanath
From India, Hyderabad
Regards,
Vishwanath
From India, Hyderabad
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Mandatory submission of bank account details of PF members 17.9.2014.pdf