Members PLEASE refrain from giving legal advice with their half-baked knowledge of relevant provisions of the law.
Employees, with a basic pay exceeding Rs. 6,500 per month, has a discretion of not joining EPF Scheme. Even if they opt to join the scheme, the employer's liability is limited to what is payable in case of an employee drawing pay of Rs. 6,500 per month.
If any member has a conflicting opinion on this, kindly quote the rules on which the opinion is based, while responding, and not merely because of a practice followed by their company. All relevant rules are available on the internet and a Google search will give you complete information on the subject.
From India, Mumbai
3Employees, with a basic pay exceeding Rs. 6,500 per month, has a discretion of not joining EPF Scheme. Even if they opt to join the scheme, the employer's liability is limited to what is payable in case of an employee drawing pay of Rs. 6,500 per month.
If any member has a conflicting opinion on this, kindly quote the rules on which the opinion is based, while responding, and not merely because of a practice followed by their company. All relevant rules are available on the internet and a Google search will give you complete information on the subject.
From India, Mumbai
no if basic is more then 6500 then its not compulsory but yes you cannot stop immediatly
you need to continue at least for six months ones you include name of employee to pf
i hope this is enough info
From India, Panipat
you need to continue at least for six months ones you include name of employee to pf
i hope this is enough info
From India, Panipat
Hi Chaya,
As per your statement for you company PF is not mandatory. Once if the total head count of the company reaches to 20 then it is mandatory to register for EPF Code. If not you can opt for voluntary Code.
If company is having PF code then
1) All the employees who's Basic is lesser than 6500/- is mandatory for contribution
2) If the Employees Basic is above 6500/- then it is optional of the employees whether to contribute or not.
3) If the Basic of the employees is above 6500/- then if employee wants to contribute for PF then company should not object for contribution.
Jeeva
9343753361
From India, Bangalore
As per your statement for you company PF is not mandatory. Once if the total head count of the company reaches to 20 then it is mandatory to register for EPF Code. If not you can opt for voluntary Code.
If company is having PF code then
1) All the employees who's Basic is lesser than 6500/- is mandatory for contribution
2) If the Employees Basic is above 6500/- then it is optional of the employees whether to contribute or not.
3) If the Basic of the employees is above 6500/- then if employee wants to contribute for PF then company should not object for contribution.
Jeeva
9343753361
From India, Bangalore
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HC All - Trainees not covered for PF -2010.pdf
PF Ledger.xls