Mr.Chandok is right. If an employee is a member of the P.F scheme before promotion, he cannot become 'excluded employee' merely because his wages exceeded Rs.6500/- after promotion.However the employer's contribution can be restricted to Rs.6500/-
B.Saikumar
HR & Labour law Advisor
Mumbai
From India, Mumbai
1899B.Saikumar
HR & Labour law Advisor
Mumbai
From India, Mumbai
Dear Sai Kumar ji,
Greetings of the day!!!
I too agree with Shri. Chandok ji. I also agree with you. The querist also well aware that his company is wrong but he needs remedy on home loan from bank with out causing harm to his employer. Therefore I suggest him to convince the bank that he is 'excluded employee'.
From India, Mumbai
Greetings of the day!!!
I too agree with Shri. Chandok ji. I also agree with you. The querist also well aware that his company is wrong but he needs remedy on home loan from bank with out causing harm to his employer. Therefore I suggest him to convince the bank that he is 'excluded employee'.
From India, Mumbai
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