We mistakenly put under eps contribution for a new employee with salary greater than 15000and have no previous pf. Whether pension fund can be transferred to his pf account. Is it mandatory to join an employee under pf scheme if his salary is above 15000.
From India, Hyderabad
1From India, Hyderabad
Employer has to offer EPF to all employees, and it is up to employee to accept or decline from contributing, but the employee can not decline if 1) he has been EPF member in his past service/s 2) his basic + DA is below 15000 ( present ceiling limit)
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Online payment of PF mandatory from 1.1.2016.pdf