Hi Madhu,
Need to know can an employee earning a basic salary of Rs. 15000/- opt for no PF deductions.If yes is there any declaration that needs to be submitted to the Employer. Please advise its very urgent.
From India, Mumbai
1Need to know can an employee earning a basic salary of Rs. 15000/- opt for no PF deductions.If yes is there any declaration that needs to be submitted to the Employer. Please advise its very urgent.
From India, Mumbai
An existing employee ( an employee who is presently a PF member or a new employee who was a member of PF with his earlier organisation and has not withdrawn the PF on his leaving that organisation) cannot opt out of PF. In the case of a new employee who was not a member of PF earlier can be excluded from PF if his PF qualifying salary exceeds Rs 15000. You can take a form 11 declaration from the employee and keep in your file.
Employees Provident Fund Organisation is doing an experiment in framing forms and therefore, you can expect changes in the forms every week or even a form made today may disappear tomorrow. It is surprising that the people sitting in the PF office are distributing the old forms (form 19 and 10 C which are replaced by adhar linked single forms) and they do not know about the new forms which are available in their website!! In the case of form 11 also the latest form is the one issued in Sept, 2017, hopefully. Please find the attachment.
From India, Kannur
Employees Provident Fund Organisation is doing an experiment in framing forms and therefore, you can expect changes in the forms every week or even a form made today may disappear tomorrow. It is surprising that the people sitting in the PF office are distributing the old forms (form 19 and 10 C which are replaced by adhar linked single forms) and they do not know about the new forms which are available in their website!! In the case of form 11 also the latest form is the one issued in Sept, 2017, hopefully. Please find the attachment.
From India, Kannur
If an employee is absent begorr and after national holiday and he was not present in that week shall employee is entitled for that National Holiday. Please send this query alongwith Labour Law section or any case diary.
Is there any form which we can get signed by the employees in case they wish to opt out of pf deduction. If yes then please help with the format.
From India, Noida
From India, Noida
There is no such form by which you can exempt your employees from contributing to PF. Yes, if the salary (PF contributing salary) of a new employee is more than Rs 15000 (as of now) you can exclude him. certain provisions of law are mandatory provisions ad being an employer you are no expected to deviate from it. PF is a good investment and this will be the only savings available to your workers when they retire. Therefore, if you really want to make your employees happy, you should encourage these kinds of investments. Don't take it as a cost alone.
From India, Kannur
From India, Kannur
Which is the salary on which you deduct PF of other employees? The same shouldbe the PF qualifying salary for deciding exclusion also. If you contribute PF on gross salary less only HRA, then take that or if you contribute PF only on Basic salary, then take that basic salary for deciding whether an employee can be excluded or not.
From India, Kannur
From India, Kannur
Hi
If any one have salary below 15K and eligible for PF contribution but hey don't want to ay amount of PF from his salary because he is single person of income then which form we can use to fill by him .
Guide me
Regards
Vikas
From India, Noida
If any one have salary below 15K and eligible for PF contribution but hey don't want to ay amount of PF from his salary because he is single person of income then which form we can use to fill by him .
Guide me
Regards
Vikas
From India, Noida
If he wants employment, he should contribute to PF. There is no way that an employee whose salary is below 15000 can be excluded from PF
From India, Kannur
From India, Kannur
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