Dear Team, If the Basic Salary of the employee is more than 6500+ and he doesn't want to deduct PF or didn't want to Provident Fund Facility.
Is any form for Undertaking or what is the procedure? Please help.
Mathu
From India, Thana
6Is any form for Undertaking or what is the procedure? Please help.
Mathu
From India, Thana
Hi
PF exemption can avail once Basic+DA more than Rs.6500 and that time we should get NON PF DECLARATION FORM from the employee for acceptance.
If an employee would like to avail PF benefit he/she can get the benefit .in case of further doubt let me know
Thanks
Pons
From India, Madras
PF exemption can avail once Basic+DA more than Rs.6500 and that time we should get NON PF DECLARATION FORM from the employee for acceptance.
If an employee would like to avail PF benefit he/she can get the benefit .in case of further doubt let me know
Thanks
Pons
From India, Madras
Dear Mathu,
If an employees has Basic + DA is more than Rs. 6500 then if employee & employer wants not to deduct his PF he can. The only way is to fill up form no. 11 & same is also intimate to PF office.
With Regards,
Vineet Deshmukh
From India, Yavatmal
If an employees has Basic + DA is more than Rs. 6500 then if employee & employer wants not to deduct his PF he can. The only way is to fill up form no. 11 & same is also intimate to PF office.
With Regards,
Vineet Deshmukh
From India, Yavatmal
Dear Pons & Vineet, Thanks for your quick response. I want a "Declaration Form" from Employee side or any other relevent form which can use my officially. Mathu
From India, Thana
From India, Thana
Dear Mathu, As per your requirement please find the attachment. With Regards, Vineet Deshmukh
From India, Yavatmal
From India, Yavatmal
But keep in mind if any one is already member of PF scheme in that case >Rs.6500 can not be avoided Jagdish Yadav 9358147022 Mussoorie
From India, Delhi
From India, Delhi
I endorse the views of Mr. Yadav. In my view-
If a person was having EPF membership in his earlier employment before joining new estt., and has not withdrawn the benefits, then new employer is statutorily bound to continue his membership irrespective of salary limit in new estt.
There is no option to employee or employer for not continuing the membership in such a case.
A K Chandok
RPFC (Retd.)
<link no longer exists - removed>
From India, Chandigarh
If a person was having EPF membership in his earlier employment before joining new estt., and has not withdrawn the benefits, then new employer is statutorily bound to continue his membership irrespective of salary limit in new estt.
There is no option to employee or employer for not continuing the membership in such a case.
A K Chandok
RPFC (Retd.)
<link no longer exists - removed>
From India, Chandigarh
Dear all My question is, as minimum wages in U.P is 4975(basic 2600 and D.A 2375) do we have to pay P.F on 4975 or 2600... please conform
From India, Mumbai
From India, Mumbai
Find answers from people who have previously dealt with business and work issues similar to yours - Please Register and Log In to CiteHR and post your query.
Salary-Note.doc
SALARY SHEET CALCULATION.xls