Dear Team,
If the basic salary of the employee is more than $6,500 and he doesn't want to deduct PF or avail Provident Fund facility, is there a form for undertaking or what is the procedure? Please help.
Mathu
From India, Thana
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6If the basic salary of the employee is more than $6,500 and he doesn't want to deduct PF or avail Provident Fund facility, is there a form for undertaking or what is the procedure? Please help.
Mathu
From India, Thana
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Hi,
PF exemption can be availed once Basic+DA is more than Rs. 6500. At that time, we should obtain a NON PF DECLARATION FORM from the employee for acceptance. If an employee would like to avail PF benefits, he/she can do so. In case of further doubts, please let me know.
Thanks,
Pons
From India, Madras
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PF exemption can be availed once Basic+DA is more than Rs. 6500. At that time, we should obtain a NON PF DECLARATION FORM from the employee for acceptance. If an employee would like to avail PF benefits, he/she can do so. In case of further doubts, please let me know.
Thanks,
Pons
From India, Madras
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Dear Mathu,
If an employee's Basic + DA is more than Rs. 6500, then if the employee and employer do not want to deduct his PF, he can. The only way is to fill out Form No. 11 and inform the PF office accordingly.
With Regards,
Vineet Deshmukh
From India, Yavatmal
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If an employee's Basic + DA is more than Rs. 6500, then if the employee and employer do not want to deduct his PF, he can. The only way is to fill out Form No. 11 and inform the PF office accordingly.
With Regards,
Vineet Deshmukh
From India, Yavatmal
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Dear Pons & Vineet, Thanks for your quick response. I want a "Declaration Form" from Employee side or any other relevent form which can use my officially. Mathu
From India, Thana
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From India, Thana
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Dear Mathu, As per your requirement please find the attachment. With Regards, Vineet Deshmukh
From India, Yavatmal
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From India, Yavatmal
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But keep in mind if any one is already member of PF scheme in that case >Rs.6500 can not be avoided Jagdish Yadav 9358147022 Mussoorie
From India, Delhi
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From India, Delhi
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I endorse the views of Mr. Yadav. In my view, if a person had EPF membership in their earlier employment before joining a new establishment and has not withdrawn the benefits, then the new employer is statutorily bound to continue their membership irrespective of the salary limit in the new establishment. There is no option for the employee or employer to not continue the membership in such a case.
A K Chandok
RPFC (Retd.)
From India, Chandigarh
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A K Chandok
RPFC (Retd.)
From India, Chandigarh
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Dear all My question is, as minimum wages in U.P is 4975(basic 2600 and D.A 2375) do we have to pay P.F on 4975 or 2600... please conform
From India, Mumbai
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From India, Mumbai
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