Hi All, It would be great be if you would help me to understand the process to be exempted from the new pf slab . My basic is 12000/- and i dnt want pf,is their any way out? kindly reply
From India, Mumbai
2From India, Mumbai
Dear Prajakta ji, Your basic is Rs.12000/-. You have no option. You have no choice. PF is compulsory for you now.
From India, Mumbai
From India, Mumbai
Hi,
As per PF act Para 2 Clause (f) Excluded Employee Means
(i. ) an employee who, having been a member of the Fund, withdrew the full amount of his accumulations in the Fund ( in case employee was member earlier and withdrew his full amount from his Account)
(ii) an employee whose pay at the time he is otherwise entitled to become a member of the Fund, exceeds [Fifteen Thousand rupees] per month.( If he was not member earlier and his basic+Da is less than 15,000/- then you should enroll for PF.)
Employee have the Exemption in above two cases, if both cases will not applicable for you then you should enroll for Pf.
From India, Mumbai
As per PF act Para 2 Clause (f) Excluded Employee Means
(i. ) an employee who, having been a member of the Fund, withdrew the full amount of his accumulations in the Fund ( in case employee was member earlier and withdrew his full amount from his Account)
(ii) an employee whose pay at the time he is otherwise entitled to become a member of the Fund, exceeds [Fifteen Thousand rupees] per month.( If he was not member earlier and his basic+Da is less than 15,000/- then you should enroll for PF.)
Employee have the Exemption in above two cases, if both cases will not applicable for you then you should enroll for Pf.
From India, Mumbai
Aditya. Please read pare 2 (f) of EPF scheme carefully .All kind of withdrawals will not make a person an excluded employee under EPF. Varghese Mathew
From India, Thiruvananthapuram
From India, Thiruvananthapuram
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Exemption under Sec.17(1)(a) of PF Act 18.11.2011.pdf