Hi Team,
I m working with a BPO company in Delhi location as a HR Executive from last 3 years and i have some confusion about when employee does not want to opt of PF deduction from their salary then what we should do? which form we can used this time ?? and need to sign any declaration form from the employee ..
From India, Hyderabad
2I m working with a BPO company in Delhi location as a HR Executive from last 3 years and i have some confusion about when employee does not want to opt of PF deduction from their salary then what we should do? which form we can used this time ?? and need to sign any declaration form from the employee ..
From India, Hyderabad
If an employee is covered by PF Act,he can not opt out of PF.It is a statutory obligation but not contractual one. b.saikumar HR & Labour Law Advisor Navi Mumbai
From India, Mumbai
From India, Mumbai
Hi,
Employee has Exemption but some conditions will apply.
1. tell me the Employee Basic, if more than 15000 then its optional.
2. In previous company he had availed this benefit, If yes then he should take the PF benefit he can't be exempted.
Regards
Dinesh Kumar
From India, Tiruchi
Employee has Exemption but some conditions will apply.
1. tell me the Employee Basic, if more than 15000 then its optional.
2. In previous company he had availed this benefit, If yes then he should take the PF benefit he can't be exempted.
Regards
Dinesh Kumar
From India, Tiruchi
Hello Kavi;
Coverage under EPF Act is not by choice, it is mandatory. There are only two exceptions, firstly if the salary is beyond the limit prescribed under the Act, and secondly if the employer is exempted since employer has his own PF scheme more beneficial to employees. In all other cases employee has to be covered under the Act.
Vibhakar Ramtirthkar,
, 9371001906
From India, Pune
Coverage under EPF Act is not by choice, it is mandatory. There are only two exceptions, firstly if the salary is beyond the limit prescribed under the Act, and secondly if the employer is exempted since employer has his own PF scheme more beneficial to employees. In all other cases employee has to be covered under the Act.
Vibhakar Ramtirthkar,
From India, Pune
Dear Vibhakar Ramtirthkar ji,
According to you, if salary of an employee is beyond the limit prescribed under the Act, he can be exempted from EPF.
I have a question to you. Suppose my salary beyond such limit prescribed but I am a member of EPF. Still you will exempt me from EPF?
From India, Mumbai
According to you, if salary of an employee is beyond the limit prescribed under the Act, he can be exempted from EPF.
I have a question to you. Suppose my salary beyond such limit prescribed but I am a member of EPF. Still you will exempt me from EPF?
From India, Mumbai
Dear Korgaonkar;
If you are already member of EPF, question is are you continuing with same employer? If yes then the employer might continue you to remain covered under the EPF but to the extent of maximum salary. You may contribute more, but employer will not contribute anything above the limit of wage.
If you leave that job and join new employer where your salary is more than the limit under the Act, you will be exempt. In such cases employer has different superannuation scheme, because such employees are top layer employees and few in number.
Vibhakar.
From India, Pune
If you are already member of EPF, question is are you continuing with same employer? If yes then the employer might continue you to remain covered under the EPF but to the extent of maximum salary. You may contribute more, but employer will not contribute anything above the limit of wage.
If you leave that job and join new employer where your salary is more than the limit under the Act, you will be exempt. In such cases employer has different superannuation scheme, because such employees are top layer employees and few in number.
Vibhakar.
From India, Pune
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