The PF contribution may be started with the current month, and a letter to the concerned Provident Fund authority may be sent informing the intention of the company to contribute to the Provident Fund. It should also state that this decision has the acceptance of the employees.
Regards,
Deepak
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Regards,
Deepak
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Dear all,
Please understand that an employee can become a member of the Employee Provident Fund (EPF) at any time if they are not already a member. In this case, the employee must submit an application along with a joint declaration from the employer to the Regional EPF Commissioner to become a member of the EPF. The Commissioner will then grant permission for the employee to join the EPF.
Thank you.
From India, Mumbai
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Please understand that an employee can become a member of the Employee Provident Fund (EPF) at any time if they are not already a member. In this case, the employee must submit an application along with a joint declaration from the employer to the Regional EPF Commissioner to become a member of the EPF. The Commissioner will then grant permission for the employee to join the EPF.
Thank you.
From India, Mumbai
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Here are some suggestions:
The PF Act will apply to persons drawing up to a salary of Rs. 6,500. They have to be covered from day one for which you don't have any choice. For others, you can take a policy decision to extend the said benefit to employees whose salary exceeds Rs. 6,500. However, you cannot:
- Put restrictions like after one year
- After probation
- On a single employee
You have to do it for all employees in that position. You can start now prospectively and not retrospectively (with some influence, you can implement it from the current year, i.e., PF year).
Instead of asking them to pay into the Public Provident Fund and reimbursing the same to the employees, this can be extended when they serve one year or after confirmation, among other conditions.
Dr. Nagaraj
From India, Bangalore
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1The PF Act will apply to persons drawing up to a salary of Rs. 6,500. They have to be covered from day one for which you don't have any choice. For others, you can take a policy decision to extend the said benefit to employees whose salary exceeds Rs. 6,500. However, you cannot:
- Put restrictions like after one year
- After probation
- On a single employee
You have to do it for all employees in that position. You can start now prospectively and not retrospectively (with some influence, you can implement it from the current year, i.e., PF year).
Instead of asking them to pay into the Public Provident Fund and reimbursing the same to the employees, this can be extended when they serve one year or after confirmation, among other conditions.
Dr. Nagaraj
From India, Bangalore
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Dear Nidhi, This is to inform you that if also an employee is under probationer he/she will be eligible for PF contribution.
From India, Bhubaneswar
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From India, Bhubaneswar
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HI Vikash, Madhu is correct, PF can be implemented for all the employee (old & new) unless the cealing limit of Rs.6500/- & no. of employees as per the law is considered. Regards, Sanjeev
From India, Mumbai
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From India, Mumbai
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As per my knowledge and understanding, if an employee drawing Basic + DA is more than Rs. 6500/- per month and the employer is not interested in covering the employee in the PF scheme, then the employer has to obtain Form No. 11. If the employee is covered under the EPF scheme by their previous employer, then we cannot deem them as an exempt employee. Hence, their PF is liable from the date of joining, subject to a minimum contribution of Rs. 780/- (12%) per month.
Nikhil - 9826685084
From India, Indore
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Nikhil - 9826685084
From India, Indore
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Earlier if you have taken concern from employee for not deducting PF as his Basic is more than Rs. 6500/- and now employee wish to start his PF Contribution then you can start from today.
From India
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From India
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As per the Provident Fund Act, employees whose pay is less than Rs. 6,500 per month are covered under the act. "Pay" includes basic wages, dearness allowance, retaining allowance, and cash value of food concession. If an employee is receiving a salary of more than Rs. 6,500, they can become a member of the P.F. with the consent of the management. The management has to incur an additional 1.61% for administrative charges, etc.
However, if an employee is a member of the P.F. in their previous organization and the new organization they join falls under the P.F. act, it is mandatory for the new organization to deduct their P.F. This is all I know.
Any comments?
BEST REGARDS,
Ajay Bajaj
From India, Chandigarh
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However, if an employee is a member of the P.F. in their previous organization and the new organization they join falls under the P.F. act, it is mandatory for the new organization to deduct their P.F. This is all I know.
Any comments?
BEST REGARDS,
Ajay Bajaj
From India, Chandigarh
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Provident Fund - Excluded Employee - Definition.pdf