Hello , I have a query regarding pf,can we excempt employee if his basic increases above 15000,by filling form 11?
From India, Trichy
From India, Trichy
517
No, once you started contributing EPF towards any particular employee, you can not stop contribution even after his wages crosses the 15,000 limit.
From India, Lucknow
From India, Lucknow
Yes. What Mr Radhakrishna said is correct. Once covered, an employee cannot be exempted from PF, even though, he is drawing more than 15,000/-. If you take any fresher on a salary of more than 15,000/- you can exclude him, since he was not covered under PF before joining with you.
I think you got it
Giri
From India, Hyderabad
I think you got it
Giri
From India, Hyderabad
under a special condition as per of pf act a member whose basic is above rs. 15, 000 and gross monthly salary is above rs. 100000 he cannot be a member of pf thus will be treated as "excluded employee"
jb panda
From India, New Delhi
jb panda
From India, New Delhi
please refer to faqs no. 49. WC. 13 in epfo website which states as follows
"In cases, where gross wage of an employee is more than Rs. 1,00,000/- p.m. and basic is more than Rs. 15,000/- p.m., he cannot be a member of the fund and thus be treated as an excluded employee."
From India, New Delhi
"In cases, where gross wage of an employee is more than Rs. 1,00,000/- p.m. and basic is more than Rs. 15,000/- p.m., he cannot be a member of the fund and thus be treated as an excluded employee."
From India, New Delhi
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HC All - Trainees not covered for PF -2010.pdf
PF Ledger.xls