Hello Pavan,
It is not necessary for him to contribute his salary to PF because his basic salary ceiling is above the PF basic limit. Now, the government has increased the PF ceiling from 6500/- to 15000/-. His employer has requested the PF department that he contributes his basic salary, as written in the company letterhead. This would make it possible for it to be treated as VPF.
From India, Kolkata
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It is not necessary for him to contribute his salary to PF because his basic salary ceiling is above the PF basic limit. Now, the government has increased the PF ceiling from 6500/- to 15000/-. His employer has requested the PF department that he contributes his basic salary, as written in the company letterhead. This would make it possible for it to be treated as VPF.
From India, Kolkata
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I agree with this reply. This is right answer. PF ceiling is 6500 and above it depends on the employee to contribute or not.
From India, Delhi
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37From India, Delhi
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Hello Pawan Ji,
If an employee's Basic+DA is more than 6500/- per month, then its employer wishes to know whether to deduct the PF or not. Another option is to fill out Form No. 11 for employees who don't want to have PF deducted, but all the previous PF must be withdrawn.
Hope this will help you.
From India, Vijayawada
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If an employee's Basic+DA is more than 6500/- per month, then its employer wishes to know whether to deduct the PF or not. Another option is to fill out Form No. 11 for employees who don't want to have PF deducted, but all the previous PF must be withdrawn.
Hope this will help you.
From India, Vijayawada
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Many of the comments here are misleading, so I am forced to repeat what I have said before.
Exemption from PF is only for an employee whose starting salary in the organization is above ₹6500 and who did not have any existing PF account when he joined the company. If either of the conditions is not fulfilled, you need to deduct PF as per the law.
You do not have an option of deciding whether or not you will withdraw your PF. You are required by law to transfer it to your new company unless the new company is not covered under PF.
From India, Mumbai
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Exemption from PF is only for an employee whose starting salary in the organization is above ₹6500 and who did not have any existing PF account when he joined the company. If either of the conditions is not fulfilled, you need to deduct PF as per the law.
You do not have an option of deciding whether or not you will withdraw your PF. You are required by law to transfer it to your new company unless the new company is not covered under PF.
From India, Mumbai
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Hi all,
Great discussion! Kindly check out the following news link. It would be great if we all discuss the latest proposals approved by EPFO, which include the monthly wage ceiling, increased wage ceiling to Rs. 15,000 per month instead of Rs. 6,500, minimum monthly pension, reduced administrative charges, and the basis of average for the pensionable salary.
[Provident fund ceiling raised, minimum pension fixed at Rs 1,000 - NDTVProfit.com](http://profit.ndtv.com/news/your-money/article-provident-fund-ceiling-raised-minimum-pension-fixed-at-rs-1-000-379710)
Regards,
Guru
From India, Mumbai
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Great discussion! Kindly check out the following news link. It would be great if we all discuss the latest proposals approved by EPFO, which include the monthly wage ceiling, increased wage ceiling to Rs. 15,000 per month instead of Rs. 6,500, minimum monthly pension, reduced administrative charges, and the basis of average for the pensionable salary.
[Provident fund ceiling raised, minimum pension fixed at Rs 1,000 - NDTVProfit.com](http://profit.ndtv.com/news/your-money/article-provident-fund-ceiling-raised-minimum-pension-fixed-at-rs-1-000-379710)
Regards,
Guru
From India, Mumbai
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HC All - Trainees not covered for PF -2010.pdf
PF Ledger.xls