Is it possible to get sign on from 11 with the existed employee who already a member in pf ac and company want to stop his pf contribution by showing his basic above 6500 pls tell me in detail.
From India, Delhi
Acknowledge(0)
Amend(0)
From India, Delhi
Acknowledge(0)Amend(0)
If the PF is being deducted presently, it cannot be stopped completely by filling in any Form. However, it can be freezed on basic upto 6500/-.
From India, Mumbai
Acknowledge(0)Amend(0)
120From India, Mumbai
Acknowledge(0)Amend(0)
Dear members,
The PF contribution cannot be restricted to Rs. 6500. On full allowable allowances, PF contribution should be made of 12% of both employer and employees' contributions. The ceiling of Rs. 6500 basic is for the EPS 95 fund. Nowadays, it is extended up to Rs. 15000 as well. Only Rs. 541 will go to the EPS 95 fund as of today. Whatever amount of 12% on basic plus other allowances.
This concept is confusing all the employees.
From India, Visakhapatnam
Acknowledge(0)Amend(0)
The PF contribution cannot be restricted to Rs. 6500. On full allowable allowances, PF contribution should be made of 12% of both employer and employees' contributions. The ceiling of Rs. 6500 basic is for the EPS 95 fund. Nowadays, it is extended up to Rs. 15000 as well. Only Rs. 541 will go to the EPS 95 fund as of today. Whatever amount of 12% on basic plus other allowances.
This concept is confusing all the employees.
From India, Visakhapatnam
Acknowledge(0)Amend(0)
Dear Mr. Vanajaram, When limit of Rs. 6500/- is raised to Rs. 15,000/-, by which amendment in pf act. We have not come accross such development. Pl enlighten us. Regards
From India, Mumbai
Acknowledge(0)Amend(0)
From India, Mumbai
Acknowledge(0)Amend(0)
Dear Mr. Vanajaram,
If you have any circular or notification regarding the PF limit of Rs. 15,000/-, please attach the same so it will benefit many employees. Please treat this as very urgent.
Thanks and regards
From India, Mumbai
Acknowledge(0)Amend(0)
If you have any circular or notification regarding the PF limit of Rs. 15,000/-, please attach the same so it will benefit many employees. Please treat this as very urgent.
Thanks and regards
From India, Mumbai
Acknowledge(0)Amend(0)
I think Mr. Vanajaram,is confused with PF n ESIS, there is no circular like that as he is talking about
From India, Mumbai
Acknowledge(0)Amend(0)
From India, Mumbai
Acknowledge(0)Amend(0)
Dear Vanajaram ji,
Sarvashri, Dinesh Bandarkar, Nilsoni, and Syed have differed with you. Bandarkar and Nilsoni have asked you to enlighten us on any amendments. However, there has been no response from you so far.
I would also like to inquire about the source of your information/knowledge.
I take this opportunity to address all the members of the forum, emphasizing that they should refrain from misleading viewers by providing false information. Before responding, one should conduct a thorough study on the subject. Only when one is certain should they respond.
I also urge all members to carefully read responses from other members, conducting proper analysis. If a response is not convincing, one can rectify it with a solid foundation. Conversely, if a response aligns with one's understanding, appreciation or additional valuable input is encouraged.
I wish to share feedback received from many individuals, including the management team of this forum. Numerous professionals abstain from participating in discussions due to a perceived lack of value in knowledge-based conversations. I share this sentiment even without receiving any appreciation.
I charge my clients for providing opinions or solutions. However, in this forum, like others, I offer my insights without any fees. We engage in this practice as a means of giving back to society, reciprocating the benefits we have received. I believe many of us share this sentiment.
Let us not make a mockery of this.
This is my request, not intended to discourage discussions, members, or the forum.
From India, Mumbai
Acknowledge(0)Amend(0)
Sarvashri, Dinesh Bandarkar, Nilsoni, and Syed have differed with you. Bandarkar and Nilsoni have asked you to enlighten us on any amendments. However, there has been no response from you so far.
I would also like to inquire about the source of your information/knowledge.
I take this opportunity to address all the members of the forum, emphasizing that they should refrain from misleading viewers by providing false information. Before responding, one should conduct a thorough study on the subject. Only when one is certain should they respond.
I also urge all members to carefully read responses from other members, conducting proper analysis. If a response is not convincing, one can rectify it with a solid foundation. Conversely, if a response aligns with one's understanding, appreciation or additional valuable input is encouraged.
I wish to share feedback received from many individuals, including the management team of this forum. Numerous professionals abstain from participating in discussions due to a perceived lack of value in knowledge-based conversations. I share this sentiment even without receiving any appreciation.
I charge my clients for providing opinions or solutions. However, in this forum, like others, I offer my insights without any fees. We engage in this practice as a means of giving back to society, reciprocating the benefits we have received. I believe many of us share this sentiment.
Let us not make a mockery of this.
This is my request, not intended to discourage discussions, members, or the forum.
From India, Mumbai
Acknowledge(0)Amend(0)
Dear Anonymous,
Let me give you the correct answer.
As stated by Shri. Dixon and by Shri. Govind Singh, you cannot stop the contribution to PF under any circumstances. Once an employee is a member of PF, he remains a member of PF until the end.
Now, I am coming to Form 11. Form 11 is a self-declaration by a new joiner about his status, whether he is a member or non-member of EPF/EPS in earlier employments. This form is to be filled out by every employee at the time of joining the PF-covered establishment. From this form, the establishment and the authority ascertain the eligibility criteria of the employee as a member of EPF/EPS.
If an employee states in Form 11 that he was a member of EPF/EPS in earlier employment and he is still a member, in this case, the employee as well as the employer have no option but to cover him under EPF/EPS, even though his salary is more than Rs. 6500/- per month at joining the new employment.
If an employee is not a member of EPF/EPS in earlier employment or he was not in employment earlier, and his salary is more than Rs. 6500/- per month in the new employment, he can choose not to contribute to EPF/EPS. He has to give an undertaking to this effect. Such a person is called an 'excluded employee' within the meaning of the Act.
If an employee is not a member of EPF/EPS in earlier employment or he was not in employment earlier, and his salary is more than Rs. 6500/- per month in the new employment, but if he does not exercise his right to opt not to contribute to EPF/EPS and no undertaking is given by him to this effect, he has to be covered under EPF/EPS.
If an employee is not a member of EPS in earlier employment, he has to be kept out of EPS. This is because the Family Pension Scheme came into force in 1971. At that time, an option was given to then-existing members whether to go for this new scheme or not. Many then members opted not to go for it. The members who joined the PF after 1971 have no option but to become a member of this Scheme. This Scheme was converted into EPS in 1995.
I hope I have made it clear to you as well as to other viewers. Value additions are invited.
From India, Mumbai
Acknowledge(0)Amend(0)
Let me give you the correct answer.
As stated by Shri. Dixon and by Shri. Govind Singh, you cannot stop the contribution to PF under any circumstances. Once an employee is a member of PF, he remains a member of PF until the end.
Now, I am coming to Form 11. Form 11 is a self-declaration by a new joiner about his status, whether he is a member or non-member of EPF/EPS in earlier employments. This form is to be filled out by every employee at the time of joining the PF-covered establishment. From this form, the establishment and the authority ascertain the eligibility criteria of the employee as a member of EPF/EPS.
If an employee states in Form 11 that he was a member of EPF/EPS in earlier employment and he is still a member, in this case, the employee as well as the employer have no option but to cover him under EPF/EPS, even though his salary is more than Rs. 6500/- per month at joining the new employment.
If an employee is not a member of EPF/EPS in earlier employment or he was not in employment earlier, and his salary is more than Rs. 6500/- per month in the new employment, he can choose not to contribute to EPF/EPS. He has to give an undertaking to this effect. Such a person is called an 'excluded employee' within the meaning of the Act.
If an employee is not a member of EPF/EPS in earlier employment or he was not in employment earlier, and his salary is more than Rs. 6500/- per month in the new employment, but if he does not exercise his right to opt not to contribute to EPF/EPS and no undertaking is given by him to this effect, he has to be covered under EPF/EPS.
If an employee is not a member of EPS in earlier employment, he has to be kept out of EPS. This is because the Family Pension Scheme came into force in 1971. At that time, an option was given to then-existing members whether to go for this new scheme or not. Many then members opted not to go for it. The members who joined the PF after 1971 have no option but to become a member of this Scheme. This Scheme was converted into EPS in 1995.
I hope I have made it clear to you as well as to other viewers. Value additions are invited.
From India, Mumbai
Acknowledge(0)Amend(0)
Respected members,
All members are agreeing with my opinion. ESI pension and EPS 95 are different. ESI is mostly meant for the non-organised sector people. EPS 95 is for other individuals. Both can be utilised by the same person. Lack of knowledge leads the unorganised sector people to withdraw the PF contribution as and when they are changing jobs. Nowadays, PF is mandatory. Form 11 no longer exists due to the ceiling fixed for EPS 95.
I am in the practical field for employment. I am in desperate need of such a form to enhance my knowledge. During crises, the debatable discussions are useful as I am in such a position.
From India, Visakhapatnam
Acknowledge(0)Amend(0)
All members are agreeing with my opinion. ESI pension and EPS 95 are different. ESI is mostly meant for the non-organised sector people. EPS 95 is for other individuals. Both can be utilised by the same person. Lack of knowledge leads the unorganised sector people to withdraw the PF contribution as and when they are changing jobs. Nowadays, PF is mandatory. Form 11 no longer exists due to the ceiling fixed for EPS 95.
I am in the practical field for employment. I am in desperate need of such a form to enhance my knowledge. During crises, the debatable discussions are useful as I am in such a position.
From India, Visakhapatnam
Acknowledge(0)Amend(0)Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
EPF - Form No. 11 - Composite Declaration Form_Blank.xls