I am 57 yrs old appointed in a private company, with a salary of rs.30 k pm. employer is deducting PF for other employees. Is it necessary to deduct PF to me. Can i a opt out of PF. pl carify
From India , Bangalore
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From India , Bangalore
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If the employee has an old UAN or any EPF account from any service, then he cannot be excluded from EPF, but to continue the membership.
If the employee has no such relation with EPF, then he has to declare the same in Form 11 and make a request to the employer for his willingness to not participate in EPF.
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651If the employee has no such relation with EPF, then he has to declare the same in Form 11 and make a request to the employer for his willingness to not participate in EPF.
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thanks for quick reply this company started just 7 months ago, can i opt out of P F
From India , Bangalore
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From India , Bangalore
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if the company is covered under PF, then applicable to all salary earners. no exit or opt out for any employee who already have an UAN
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thanks sir i dont have UAN, earlier where i was working he was not deducting or he was not showing my salary in payroll. this employer wants show me in payroll.
From India , Bangalore
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From India , Bangalore
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When you joined the company, if your salary was above ₹15,000 and you did not have a PF account at any time before (that is any running PF account), then you can opt out. If you joined earlier but the company is now covered under PF and your salary on that day was above ₹15,000, then also you can opt out. In all other cases, you have to be covered in PF.
Please let me know if you need any further assistance.
From India, Mumbai
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Please let me know if you need any further assistance.
From India, Mumbai
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if having more than 15000/- basic salary so it would not be mandatory for company to offer you membership of EPFO whether you have existing UAN No. or NOT. Reg Saurabh
From India, Delhi
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From India, Delhi
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Dear All,
As per Shaswat Banerjee, "If you joined earlier but the company is now covered under PF and your salary on that day was above ₹15,000 then also you cannot opt-out" is not correct. When the establishment is covered under the EPF Act, and the member has had a previous PF membership, the establishment should deduct PF up to Rs. 15,000. There is no option not to deduct.
Thanks, Vidyadhar Bhat
From India, Pune
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As per Shaswat Banerjee, "If you joined earlier but the company is now covered under PF and your salary on that day was above ₹15,000 then also you cannot opt-out" is not correct. When the establishment is covered under the EPF Act, and the member has had a previous PF membership, the establishment should deduct PF up to Rs. 15,000. There is no option not to deduct.
Thanks, Vidyadhar Bhat
From India, Pune
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Thanks for needful information , i tried to get Form-11, but could not,can u pl.send copy of it
From India , Bangalore
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From India , Bangalore
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Employee Benefits.doc
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