Dear seniors,
I am working as a Sr. HR Executive in the Infrastructure Company and I have a query regarding EPF.
In my company, some of the employees who are earning more than Rs.6500 as basic have been excluded from EPF and they got exemption by submitting the Form-11 to EPF department.
Now as per the new enhanced EPF ceiling, their basic salary is not more than Rs.15000. Can we still continue to exempt the above employees whose basic salary is between 6500 and 15000?
In case, if we have to start deduction from now onwards, do we need to cancel their previous exemptions?
Please suggest me the correct procedure to follow.
Thanks and regards,
Sankar
From India, Hyderabad
I am working as a Sr. HR Executive in the Infrastructure Company and I have a query regarding EPF.
In my company, some of the employees who are earning more than Rs.6500 as basic have been excluded from EPF and they got exemption by submitting the Form-11 to EPF department.
Now as per the new enhanced EPF ceiling, their basic salary is not more than Rs.15000. Can we still continue to exempt the above employees whose basic salary is between 6500 and 15000?
In case, if we have to start deduction from now onwards, do we need to cancel their previous exemptions?
Please suggest me the correct procedure to follow.
Thanks and regards,
Sankar
From India, Hyderabad
There is no point in cancelling earlier exemptions.They shall be covered under EPF from 1.9.14. Varghese Mathew
From India, Thiruvananthapuram
910From India, Thiruvananthapuram
Hi Sankar.
* If employees Basic is less than 15000Rs than you need to cover that employee under EPFO scheme from 01-09-2014, if employees basic is more than 15000Rs than you can ask them to submit form no 11 revised to employer for exemption from EPFO scheme,
* If any employee who is previously exempted from scheme but now his basic salary is less than 15000rs so we need to deduct PF from his salary and ask them to submit form 2 for nomination.
For more information you can contact your enforcement officer of your region, they will guide you properly.
Regards,
Ashish Thakkar
From India, Pune
* If employees Basic is less than 15000Rs than you need to cover that employee under EPFO scheme from 01-09-2014, if employees basic is more than 15000Rs than you can ask them to submit form no 11 revised to employer for exemption from EPFO scheme,
* If any employee who is previously exempted from scheme but now his basic salary is less than 15000rs so we need to deduct PF from his salary and ask them to submit form 2 for nomination.
For more information you can contact your enforcement officer of your region, they will guide you properly.
Regards,
Ashish Thakkar
From India, Pune
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EPF EXEMPTION FOR TRAINEES CIRCULAR 427.pdf