AS PER "The Employees’ Provident Fund Scheme, 1952
1) A member of the Fund shall continue to be member until he withdraws
under paragraph 69 .
“excluded employee” mean—
(ii)an employee whose pay at the
time he is otherwise entitled to
become a member of the Fund, exceeds [six thousand and five
hundred rupees] per month;
From India, Surat
Acknowledge(0)
Amend(0)
811) A member of the Fund shall continue to be member until he withdraws
under paragraph 69 .
“excluded employee” mean—
(ii)an employee whose pay at the
time he is otherwise entitled to
become a member of the Fund, exceeds [six thousand and five
hundred rupees] per month;
From India, Surat
Acknowledge(0)Amend(0)
Dear sir,
Greetings for the day,
Since you stated that the employee has resigned, withdrawn his EPF accumulations, and obtained a scheme certificate from EPFO, and has now joined XYZ organization again, it indicates he has started a new job. You need to open a new EPFO account for him and ask him to transfer his EPS accumulation to the new EPF/EPS account by simply filling out Form-11 and surrendering the scheme certificate with the form.
Thanks and Regards,
Sumit Kumar Saxena
From India, Ghaziabad
Acknowledge(0)Amend(0)
Greetings for the day,
Since you stated that the employee has resigned, withdrawn his EPF accumulations, and obtained a scheme certificate from EPFO, and has now joined XYZ organization again, it indicates he has started a new job. You need to open a new EPFO account for him and ask him to transfer his EPS accumulation to the new EPF/EPS account by simply filling out Form-11 and surrendering the scheme certificate with the form.
Thanks and Regards,
Sumit Kumar Saxena
From India, Ghaziabad
Acknowledge(0)Amend(0)
New join employee salary more than 6500 than pf not compulsory
From India, Surat
Acknowledge(0)Amend(0)
From India, Surat
Acknowledge(0)Amend(0)
Hi Anuja,
Need help in ascertaining which formula is right in calculating the Yearly Bonus and Payment/Encasement of Earned Leave. Serial Number 1 or 2.
Bonus Formula:
1 = (D7 + D8) * 8.33%
2 = (E7 + E8) * 8.33% + (((E7 + E8) * 8.33%) * 1.75 / 30)
Earned Leave:
1 - = SUM(D6 / 30) * 21 / 12
2 = (SUM(E6 + SUM(E20:E23)) / 30 * 21 / 12) + (((SUM(E6 + SUM(E20:E23)) / 30) * 1.75) * 1.75 / 30)
For your information, one of the contractors is asking to pay the same on Formula at Serial Number 2. Previous contractors were asking as per Formula Number 1. Formula 1 consists of Gross Salary while 2 consists of Gross Salary Plus earned leave per month as per the Bombay Shops Act.
Regards,
Azim
From India, Mumbai
Acknowledge(0)Amend(0)
Need help in ascertaining which formula is right in calculating the Yearly Bonus and Payment/Encasement of Earned Leave. Serial Number 1 or 2.
Bonus Formula:
1 = (D7 + D8) * 8.33%
2 = (E7 + E8) * 8.33% + (((E7 + E8) * 8.33%) * 1.75 / 30)
Earned Leave:
1 - = SUM(D6 / 30) * 21 / 12
2 = (SUM(E6 + SUM(E20:E23)) / 30 * 21 / 12) + (((SUM(E6 + SUM(E20:E23)) / 30) * 1.75) * 1.75 / 30)
For your information, one of the contractors is asking to pay the same on Formula at Serial Number 2. Previous contractors were asking as per Formula Number 1. Formula 1 consists of Gross Salary while 2 consists of Gross Salary Plus earned leave per month as per the Bombay Shops Act.
Regards,
Azim
From India, Mumbai
Acknowledge(0)Amend(0)
Kindly suggest and highlight the factors for re-employment after superannuation. Can we appoint an employee the day after his superannuation? Would it be necessary to provide PF and Gratuity benefits during re-employment? The appointment would be for a year and on regular rolls.
I request you to kindly provide proper suggestions with references.
Regards,
From India, Delhi
Acknowledge(0)Amend(0)
I request you to kindly provide proper suggestions with references.
Regards,
From India, Delhi
Acknowledge(0)Amend(0)
Re-appointment - URGENT PLEASE
Kindly suggest and highlight the factors for re-employment after superannuation. Can we appoint an employee the day after his superannuation? Would it be necessary to provide PF and Gratuity benefits during re-employment? The appointment would be for a year and on regular rolls.
I request you to kindly provide proper suggestions with references.
Regards,
From India, Delhi
Acknowledge(0)Amend(0)
Kindly suggest and highlight the factors for re-employment after superannuation. Can we appoint an employee the day after his superannuation? Would it be necessary to provide PF and Gratuity benefits during re-employment? The appointment would be for a year and on regular rolls.
I request you to kindly provide proper suggestions with references.
Regards,
From India, Delhi
Acknowledge(0)Amend(0)
if he is already a PF pensioner or has withdrawn his PF accumulations on his attaining the age of superannuation he can be excluded from EPF
From India, Surat
Acknowledge(0)Amend(0)
From India, Surat
Acknowledge(0)Amend(0)
Dear Mr. Balamurugan,
I may reiterate Mr. Bhalai's words. PF accounts are not perpetual accounts in terms of withdrawals and deposits, like we do with our savings bank account. Once the subscriber withdraws his/her name from his/her establishment's PF code, the account becomes inactive and is non-transferable as well. That means you can't transfer one account code to two employees.
Kumar Vikash
Sr. Executive Business Administration
From India, Mumbai
Acknowledge(0)Amend(0)
I may reiterate Mr. Bhalai's words. PF accounts are not perpetual accounts in terms of withdrawals and deposits, like we do with our savings bank account. Once the subscriber withdraws his/her name from his/her establishment's PF code, the account becomes inactive and is non-transferable as well. That means you can't transfer one account code to two employees.
Kumar Vikash
Sr. Executive Business Administration
From India, Mumbai
Acknowledge(0)Amend(0)Engage with peers to discuss and resolve work and business challenges collaboratively - share and document your knowledge. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Join & Be Part Of Our Community.
PF Contribution on Leave Encashment - Clarification by EPFO.pdf