If your orgnization never cross 20 people since start, then PF not applicable. So don’t worry. You are in Exempted Establishment company. tell worker that PF not applicable in your company.
From India, Rajkot
10From India, Rajkot
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Dear friends,
Here is a typical e.g. that an employee joined new here was a member of EPF in his previous co. Could he be denied EPF contribution in the present employment just because it's not within the ambit of EPF Act ? Is he not entitled to continue his EPF A/c. and can remit his own if not the employer's contribution (obviously may not arise). Any clarification on this pl.?
From India, Bangalore
Dear friends,
Here is a typical e.g. that an employee joined new here was a member of EPF in his previous co. Could he be denied EPF contribution in the present employment just because it's not within the ambit of EPF Act ? Is he not entitled to continue his EPF A/c. and can remit his own if not the employer's contribution (obviously may not arise). Any clarification on this pl.?
From India, Bangalore
Hi All,
Just because of the empoyee's Basic is above 6500/-, the management cannot be afford to avoid to pay the contributions either employee's or employer's, please remember that an employee has option not to contribute to epf at the beginning of his professional career. As and when his basic salary exceeds 6500/- in the beginning of his profession he can go for that option by providing the same in Form.11
How ever any organization is not ready to provide such option for it's employees.
Thanks and Regards
Ravichandra Paanem
From India, Hyderabad
Just because of the empoyee's Basic is above 6500/-, the management cannot be afford to avoid to pay the contributions either employee's or employer's, please remember that an employee has option not to contribute to epf at the beginning of his professional career. As and when his basic salary exceeds 6500/- in the beginning of his profession he can go for that option by providing the same in Form.11
How ever any organization is not ready to provide such option for it's employees.
Thanks and Regards
Ravichandra Paanem
From India, Hyderabad
if employee basic more than 6500, it is not mandatory for deduction pf. it depends on employee bittu patra 8271441630
From India, Kolkata
From India, Kolkata
Dear Sir, I am still awaiting a suitable reply to my quoted question. Regards, Sandeep
From India, Bangalore
From India, Bangalore
Do you want to withdraw PF without employer signature, your company is not ready to attest your form call me 09937894045 or mail me sbmishra1979gmail
From India, Gwalior
From India, Gwalior
Dear BITU
Your understanding that 'if the wages are more than Rs6500/- pm of an employee the PF is optional' is wrong.It is true in the case of a person whose first salary is above 6500/- If he was already a member of EPF he has no option but to continue in EPF.
Varghese Mathew
09961266966
From India, Thiruvananthapuram
Your understanding that 'if the wages are more than Rs6500/- pm of an employee the PF is optional' is wrong.It is true in the case of a person whose first salary is above 6500/- If he was already a member of EPF he has no option but to continue in EPF.
Varghese Mathew
09961266966
From India, Thiruvananthapuram
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Here, the missing link is, what about an existing PF member (employee 'X') of a regd.employer switching to a new employer (B) who has no EPF registration as they are < 10/20 employees. The question is just in order to continue the subscription & contribution of an existing member (X)should the new employer(B) go for EPF Registration and contribute only for this 'X' member ? Whether his salary is <> of 6500 is secondary.
From India, Bangalore
Here, the missing link is, what about an existing PF member (employee 'X') of a regd.employer switching to a new employer (B) who has no EPF registration as they are < 10/20 employees. The question is just in order to continue the subscription & contribution of an existing member (X)should the new employer(B) go for EPF Registration and contribute only for this 'X' member ? Whether his salary is <> of 6500 is secondary.
From India, Bangalore
No need to continue to contribute for him as the new employer is not bound by the EPF Act ,The employee can withdraw his EPF. Varghese Mathew
From India, Thiruvananthapuram
From India, Thiruvananthapuram
Hi Everybody,
Budget: Labour Law Update
The Finance Minister has approved a host of reforms under Labour Laws, more specifically with regards to Provident Fund as follows.
PF Coverage Limit Raised from Rs.6,500 to Rs.15,000. As a result of this revision, employees drawing Wages between Rs.6,500 to Rs. 15,000 will be covered under the PF Scheme and the maximum Employee Share of PF per month will be
Rs.1,800 per month (12% of Rs.15,000) instead of Rs.780 per month as of today.In other words employees drawing between Rs. 6,500 to Rs. 15,000 earlier will not be eligible to be excluded under Para 26 of the EPF Scheme. As a result of this amendment, 50 lakh new workers will come under the ambit of the Provident Fund Scheme
Minimum Monthly Pension Amount raised to Rs.1,000.
This will directly benefit the 28lakh pensioners who get less than this amount at present
Employees' Provident Fund Organisation (EPFO) will launch the "Uniform Account Number"
(UAN) Service for contributing members. This will facilitate portability of Provident Fund accounts. This will simplify the transfer of PF corpus of employees when they switch from one employment to another. Please note that these are budget announcements and the changes will come into effect once the Notification to that effect is issued by the EPFO. As a result, the effective date of the proposed changes is not known as on date.
Regards
Kishor
From India, Pune
Budget: Labour Law Update
The Finance Minister has approved a host of reforms under Labour Laws, more specifically with regards to Provident Fund as follows.
PF Coverage Limit Raised from Rs.6,500 to Rs.15,000. As a result of this revision, employees drawing Wages between Rs.6,500 to Rs. 15,000 will be covered under the PF Scheme and the maximum Employee Share of PF per month will be
Rs.1,800 per month (12% of Rs.15,000) instead of Rs.780 per month as of today.In other words employees drawing between Rs. 6,500 to Rs. 15,000 earlier will not be eligible to be excluded under Para 26 of the EPF Scheme. As a result of this amendment, 50 lakh new workers will come under the ambit of the Provident Fund Scheme
Minimum Monthly Pension Amount raised to Rs.1,000.
This will directly benefit the 28lakh pensioners who get less than this amount at present
Employees' Provident Fund Organisation (EPFO) will launch the "Uniform Account Number"
(UAN) Service for contributing members. This will facilitate portability of Provident Fund accounts. This will simplify the transfer of PF corpus of employees when they switch from one employment to another. Please note that these are budget announcements and the changes will come into effect once the Notification to that effect is issued by the EPFO. As a result, the effective date of the proposed changes is not known as on date.
Regards
Kishor
From India, Pune
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PF is to be deducted on canteen allowance - Delhi HC 22.7.2013.pdf