We have only 1 employee whose PF liability we pay. few years before his salary increased above the 15k limit so now can he gave a declaration that he doesn't want to contribute for PF and willingly come out of PF payment?? Please guide. this requirement is for some accounting & Finance purpose.
From India, Mumbai
12From India, Mumbai
No
You can not stop coverage of an employee who is already under PF
The exemption only applies to those employees who join the company with a salary of less than ₹ 15,000 and do not have an existing PF account a the time of joining your organisation. Once he has a PF account, his coverage continues
From India, Mumbai
You can not stop coverage of an employee who is already under PF
The exemption only applies to those employees who join the company with a salary of less than ₹ 15,000 and do not have an existing PF account a the time of joining your organisation. Once he has a PF account, his coverage continues
From India, Mumbai
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PF Contribution on Leave Encashment - Clarification by EPFO.pdf