Some of our company employees wish to not deduct their EPF amount from salary. Their basic is above 15000/-. Can anyone please send a declaration form which we can collect from employees?
From India, Greater Noida
From India, Greater Noida
Dear Colleague,
As per provisions of EPF :
1. If the employee is drawing above 15k salary at the time of first appointment, then he can be exempted from the PF coverage.
2. If he was earlier a member of PF and having active UAN then despite he crosses 15 K Salary, he needs to be covered under EPF/ EPS etc, however, the contribution can be restricted to 15K.
3. If the employee is drawing 15K Salary subsequent to their coverage under EPF / EPS they can not be exempted but they continue to be member and contributions are to be remitted.
Hence take call suitably. As far as employees drawing above 15k salary per month, are "exempted employee" under the Act in the instance of first employment and first coverage and in their case no declaration required. Kindly consult your PF Enforcement Officer and handle this.
From India, Chennai
309As per provisions of EPF :
1. If the employee is drawing above 15k salary at the time of first appointment, then he can be exempted from the PF coverage.
2. If he was earlier a member of PF and having active UAN then despite he crosses 15 K Salary, he needs to be covered under EPF/ EPS etc, however, the contribution can be restricted to 15K.
3. If the employee is drawing 15K Salary subsequent to their coverage under EPF / EPS they can not be exempted but they continue to be member and contributions are to be remitted.
Hence take call suitably. As far as employees drawing above 15k salary per month, are "exempted employee" under the Act in the instance of first employment and first coverage and in their case no declaration required. Kindly consult your PF Enforcement Officer and handle this.
From India, Chennai
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EPF Composite Declaration Form-F11_Blank. xls
EPF - Pension contribution is zero WHY.jpg