Dears, My concern is, are people with a basic wage of more than Rs. 15000 not eligible for PF?
From India, Chennai
From India, Chennai
Hi,
If the Employee is already a contributing member then PF should be. However the upper limit of EPF contribution can be restricted @ 12% of Rs. 15,000.
In case if the new joinee at the time of joining is a non member of EPF ( which means PF was not deducted with previous employer) then you may exclude the employee from PF after collecting Form 11.
From India, Madras
941If the Employee is already a contributing member then PF should be. However the upper limit of EPF contribution can be restricted @ 12% of Rs. 15,000.
In case if the new joinee at the time of joining is a non member of EPF ( which means PF was not deducted with previous employer) then you may exclude the employee from PF after collecting Form 11.
From India, Madras
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PF WAGE LIMIT GAZETTE.pdf