Dear Seniors,
As per the new ceiling limit of PF, it is mandatory to opt for PF for those whose basic salary is less than ₹15,000.
My query is: Is it mandatory to opt for PF for those employees as well who had opted for PF in any of their previous organizations and had a basic salary of more than ₹15,000?
Please advise me on the section number as well.
Kindly advise.
Regards,
Shweta
From India, New Delhi
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1As per the new ceiling limit of PF, it is mandatory to opt for PF for those whose basic salary is less than ₹15,000.
My query is: Is it mandatory to opt for PF for those employees as well who had opted for PF in any of their previous organizations and had a basic salary of more than ₹15,000?
Please advise me on the section number as well.
Kindly advise.
Regards,
Shweta
From India, New Delhi
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Hi,
Yes, PF contribution is mandatory for employees who are drawing a basic salary of 15000 or below. If any employee's basic salary is above 15000 and he didn't have PF in the earlier organization, then it is optional. In this case, you can take the declaration form.
From India, Bangalore
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Yes, PF contribution is mandatory for employees who are drawing a basic salary of 15000 or below. If any employee's basic salary is above 15000 and he didn't have PF in the earlier organization, then it is optional. In this case, you can take the declaration form.
From India, Bangalore
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Yes, for anyone who has an existing PF account, it is necessary to deduct PF the exemption applies only for those who do not have an existing PF account.
From India, Mumbai
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From India, Mumbai
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My query is: Is it mandatory to opt for PF for those employees who have opted for PF in any of their previous organizations where the basic salary was more than 15,000/-?
The answer is YES.
Regards,
Bhavik Chheda
bhavikhc@chhedaconsultancyservices.com
Chheda Consultancy Services: Consultants for Payroll Processing, Labour Laws, Provident Fund, ESIC, Professional Tax, MLWf, Shop License, etc., in Mumbai, Maharashtra.
From India, Pune
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The answer is YES.
Regards,
Bhavik Chheda
bhavikhc@chhedaconsultancyservices.com
Chheda Consultancy Services: Consultants for Payroll Processing, Labour Laws, Provident Fund, ESIC, Professional Tax, MLWf, Shop License, etc., in Mumbai, Maharashtra.
From India, Pune
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[QUOTE=jeevarathnam;2177482]Hi,
Yes, PF contribution is mandatory for the employees who are drawing a basic salary of 15000 or below. If any of the employees whose basic salary is above 15000/- and if he didn't have PF in the earlier organization, then it is optional. In this case, you can take the declaration form.
My query is, if a person was an EPF member earlier and had withdrawn EPF and even FPF. Now, if he joins a new establishment, and his/her basic salary + DA is more than Rs. 15000/-, under the circumstances, is he/she liable for EPF benefits? Should the new employer deduct EPF on 15000/-?
Regards,
Pramod Thakar
From India, Pune
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Yes, PF contribution is mandatory for the employees who are drawing a basic salary of 15000 or below. If any of the employees whose basic salary is above 15000/- and if he didn't have PF in the earlier organization, then it is optional. In this case, you can take the declaration form.
My query is, if a person was an EPF member earlier and had withdrawn EPF and even FPF. Now, if he joins a new establishment, and his/her basic salary + DA is more than Rs. 15000/-, under the circumstances, is he/she liable for EPF benefits? Should the new employer deduct EPF on 15000/-?
Regards,
Pramod Thakar
From India, Pune
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In your case PF is not mandatory. If both employee & employer are wiling to contribute then sure you can else not mandatory
From India, Bangalore
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From India, Bangalore
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No contribution on salary exceeding statutory limit under EPS 8.11.2013.pdf
Salary Sheet & PF PT Calculation & Challan Nov 2010.xls