No Tags Found!

Anonymous
Is it possible to get sign on from 11 with the existed employee who already a member in pf ac and company want to stop his pf contribution by showing his basic above 6500 pls tell me in detail.
From India, Delhi
dixonjose02
118

If the PF is being deducted presently, it cannot be stopped completely by filling in any Form. However, it can be freezed on basic upto 6500/-.
From India, Mumbai
vanajaram
47

Dear members,
pf contribution can not be restricted to rs. 6500/-. On full allowable allowances pf contribution should be made of 12% of both employer and employees contributions. Celling of rs. 6500/- basic is for eps 95 fund. Now a day it extended upto rs. 15000/- also. Rs. 541/- only will go to eps 95 fund as a date. Whatever amount of 12% on basic plus others allowances.
This concept is confusing all the employees.

From India, Visakhapatnam
DINESH_BANDARKAR
1

Dear Mr. Vanajaram, When limit of Rs. 6500/- is raised to Rs. 15,000/-, by which amendment in pf act. We have not come accross such development. Pl enlighten us. Regards
From India, Mumbai
nilsoni
11

Dear Mr. Vanajaram,
IF YOU HAVE ANY CIRCULAR OR ANY NOTIFICATION REGARDING THE PF LIMIT OF RS.15000/- PL. ATTACHE THE SAME SO IT WILL BE BENEFITED TO SO MANY EMPLOYEES ,PL TREAT THIS VERY VERY URGENT
THANKS AND REGARDS

From India, Mumbai
syed.active@gmail.com
5

I think Mr. Vanajaram,is confused with PF n ESIS, there is no circular like that as he is talking about
From India, Mumbai
korgaonkar k a
2556

Dear Vanajaram ji,

Sarvashri. Dinesh Bandarkar, Nilsoni and Syed have differ with you. Bandarkar and Nilsoni asked you to enlighten us on amendment, if any. But there is no response from you till time.

I would also like to ask you from where you got this information / knowledge?

I take this opportunity to address all the members of the Forum that they should not misguide the viewers by giving false information. Before responding, one should make proper study in the subject and when he is sure about it then only he should respond.

I also wish to address all the members that they should read the responses by the members very carefully with proper study. If the response is not convincing one, one can correct it with proper base. And if the response is convincing to his knowledge, he should either appreciate it or post some value addition to it.

I wish to tell the feed back to you all including the management team of this forum, which I received from many people. Many professionals do not participate in any discussion since they feel the knowledge base discussion is not valued. I also feel same thing even though I got any appreciations.

I charge my client for giving opinion or solution. But in this forum I do it, just like others, without any charge. This we are doing just because, we are suppose to return to the society something in turn we got lot of things from it. At least I believe it. I am sure many of us believe in it.

We should not do mockery of it.

This is my request and not to discourage any discussion, any member or the forum.

From India, Mumbai
korgaonkar k a
2556

Dear Anonymous,

Let me give you correct answer.

As stated by Shri. Dixon and by Shri. Govind Singh, you can not stop the contribution of PF under any circumstances. Once an employee is a member of PF he remains member of PF till last.

Now I am coming to Form 11. Form 11 is a self declaration by new joinee about his status whether he is a member or non member of EPF / EPS in earlier employments. This form is to be filled in by every employee at the time of joining the PF covered establishment. From this form the establishment and the authority ascertain the eligibility criteria of the employee as member of EPF / EPS.

If an employee states in Form 11 that he was a member of EPF / EPS in earlier employment and he is still a member, in this case the employee as well the employer has no option but to cover him under EPF / EPS even though his salary is more than Rs. 6500/- p.m. at joining the new employment.

If an employee is not a member of EPF / EPS in earlier employment or he was not in employment earlier and his salary is more than Rs. 6500/- p.m. in the new employment, he can opt not to contribute for EPF / EPS. He has to give an undertaking to this respect. Such person is called as an 'excluded employee' within the meaning of the Act.

If an employee is not a member of EPF / EPS in earlier employment or he was not in employment earlier and his salary is more than Rs. 6500/- p.m. in the new employment, but if he does not exercise his right to opt not to contribute for EPF / EPS and no undertaking given by him to this respect, he has to cover under EPF / EPS.

If an employee is not a member of EPS in earlier employment he has to kept out of EPS. This is because the Family Pension Scheme came in to force in 1971. That time option was given to then existing members whether to go for this new scheme or not. Many then members opted not to go for it. The members who joined the PF after 1971 have no option but to became a member of this Scheme. This Scheme converted in EPS in 1995.

Hope I have made it clear to you as well to other viewers. Value additions are invited.

From India, Mumbai
vanajaram
47

Respected members,
all members are agreeing with my opinion. Esi pension and eps 95 are different. Esi is mostly meant for non organised sector people. Eps 95 is for other people. Both can be utilised by same person. Lack knowledge the un organised sector people withdrawing the pf contribution as and when they are changing jobs.
Now a days pf is mandatory. The form 11 is not in existence. Because of ceiling fixed for eps 95.
I am practical field for doing job. I am badly need of such form to enlightening the knowledge. Mostly in crisis, the debatable discussion useful as i am in such a position.

From India, Visakhapatnam
syed.active@gmail.com
5

Sir, I Like it, many peoples like a 'Bolbachan' they comment on the topics even they have knowledge or not
From India, Mumbai
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.






Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.