Dear All,
I was the member of PF in my prebious job but bow I have changed my job, please tell me if I can opt for PF exemption in the new organisation so that there should be any deduction of PF. My basic salary is above the limit of PF.
Thanks
From India, Mumbai
I was the member of PF in my prebious job but bow I have changed my job, please tell me if I can opt for PF exemption in the new organisation so that there should be any deduction of PF. My basic salary is above the limit of PF.
Thanks
From India, Mumbai
An employer who encages more than 20 employees are only entitled to enroll in the EPF. If in your present organisation if there is only less than 20 employees then you cannot be enrolled in the EPF.
If in your organisation if there is more than 20 employees then you are entitled to PF even if you have crossed the EPF limit and it is only possible if your employer has taken a policy that all the employees who have crossed the EPF limit need to be covered.
ie if your employer decide to cover all the employees irrespective of their salary under the EPF scheme then you will also be entitled and otherwise you will not.
From India, Kochi
66If in your organisation if there is more than 20 employees then you are entitled to PF even if you have crossed the EPF limit and it is only possible if your employer has taken a policy that all the employees who have crossed the EPF limit need to be covered.
ie if your employer decide to cover all the employees irrespective of their salary under the EPF scheme then you will also be entitled and otherwise you will not.
From India, Kochi
Dear Shri. Narendra ji,
What I understood is, you wish to be excluded from coverage of EPF on the basis of your basic is now more than Rs. 6500/- p.m.
Employee once covered under EPF has no option to be excluded from EPF on exceeding his salary beyond Rs. 6500/-p.m. even-though he has changed his employment.
Form 11 is compulsory at the time of joining the employment and on the basis of this form the employer has to decide whether the new joinee is to be excluded from EPF or not.
Members of the Forum are requested to make comments on this.
Thanks with regards.
Keshav Korgaonkar
Shantadurgaent.com,Insurance Advisors,Corporate Advisors,Legal Advise,Wage and salary,Shantadurgaent.com,Labour Compliance Audit,SSI registration,NOC from
From India, Mumbai
What I understood is, you wish to be excluded from coverage of EPF on the basis of your basic is now more than Rs. 6500/- p.m.
Employee once covered under EPF has no option to be excluded from EPF on exceeding his salary beyond Rs. 6500/-p.m. even-though he has changed his employment.
Form 11 is compulsory at the time of joining the employment and on the basis of this form the employer has to decide whether the new joinee is to be excluded from EPF or not.
Members of the Forum are requested to make comments on this.
Thanks with regards.
Keshav Korgaonkar
Shantadurgaent.com,Insurance Advisors,Corporate Advisors,Legal Advise,Wage and salary,Shantadurgaent.com,Labour Compliance Audit,SSI registration,NOC from
From India, Mumbai
It is true that when a employee is covered in PF then irrespective of the increase and decrease in his salary he is entitled to pay PF if he is working with the same employer. But If the employer is changed and the employer has taken a policy that no employee who earns more than Rs.6500/- is not entitled to enroll in the EPF then the employee has a right not to pay PF when the salary is more than 6500 when the employee joins the new company.
From India, Kochi
From India, Kochi
Other members, please make your comments on this subject and make it interesting topic. Finally we will take a call from authority or experts. There is a deviation. There is an ambiguity.
Thanks and regards.
Keshav Korgaonkar
Shantadurgaent.com,Insurance Advisors,Corporate Advisors,Legal Advise,Wage and salary,Shantadurgaent.com,Labour Compliance Audit,SSI registration,NOC from
From India, Mumbai
Thanks and regards.
Keshav Korgaonkar
Shantadurgaent.com,Insurance Advisors,Corporate Advisors,Legal Advise,Wage and salary,Shantadurgaent.com,Labour Compliance Audit,SSI registration,NOC from
From India, Mumbai
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Employees' PF Appellate Tribunal Procedure Rules 1997.pdf
PF WITHDRAWAL RULES.zip