Dear All, Is there any rule for PF & ESI , that an employee is not interested can he/she with draw from ?.IF so kindly can anyone of you please tell me the Act & Rule. With Regards, Uma.M
From India, Madras
1From India, Madras
Hi Uma,
If the salary of an employee is more than Rs. 6500, then PF becomes optional for him. He can decide not to deduct pf from his salary. But he has to submit Form No. 11 for that.
But if an employee become a member once then he cann't withdraw from it.
In case of ESI, there is no as such rules exist.
Hope this will help you.
Regards,
Surya
From India, Pune
If the salary of an employee is more than Rs. 6500, then PF becomes optional for him. He can decide not to deduct pf from his salary. But he has to submit Form No. 11 for that.
But if an employee become a member once then he cann't withdraw from it.
In case of ESI, there is no as such rules exist.
Hope this will help you.
Regards,
Surya
From India, Pune
Hi Uma,
If the salary of an employee is more than Rs. 6500, then PF becomes optional for him. He can decide not to deduct pf from his salary. But he has to submit Form No. 11 for that.
But if an employee become a member once then he cann't withdraw from it.
In case of ESI, there is no as such rules exist.
Hope this will help you.
Regards,
Surya
From India, Pune
If the salary of an employee is more than Rs. 6500, then PF becomes optional for him. He can decide not to deduct pf from his salary. But he has to submit Form No. 11 for that.
But if an employee become a member once then he cann't withdraw from it.
In case of ESI, there is no as such rules exist.
Hope this will help you.
Regards,
Surya
From India, Pune
The extant Rules of ESI and EPF are as follows:
ESI: Contribution by employee and employer mandatory for all "employees" whose gross wages/salary is Rs.10000/- or less. Employees whose total gross wages/salary exceeds Rs.10000/- are exempted from the ESIscheme.
EPF: Employees whose pay (basic+DA) exceeds Rs.6500/- are excluded.
From United States, Roslindale
ESI: Contribution by employee and employer mandatory for all "employees" whose gross wages/salary is Rs.10000/- or less. Employees whose total gross wages/salary exceeds Rs.10000/- are exempted from the ESIscheme.
EPF: Employees whose pay (basic+DA) exceeds Rs.6500/- are excluded.
From United States, Roslindale
Hi Surya, Thanks for the information, can i have more information in which government rule of PF & ESI that an employee is notinterested he can with draw from it is given. With Regards, Uma.M
From India, Madras
From India, Madras
Hi
It is not possible for an employee to withdraw from ESI and EPF schemes unless he reaches the status of an exempted employee i.e., his gross pay should be more than Rs.10000/- in the case of ESI and his basic pay is more than Rs.10000/-.
Detailed information is available in the ESI Act & Rules and EPF Act & Rules, which are available in all leading books stores dealing with law books.
S. Krishnamoorthy
From United States, Roslindale
It is not possible for an employee to withdraw from ESI and EPF schemes unless he reaches the status of an exempted employee i.e., his gross pay should be more than Rs.10000/- in the case of ESI and his basic pay is more than Rs.10000/-.
Detailed information is available in the ESI Act & Rules and EPF Act & Rules, which are available in all leading books stores dealing with law books.
S. Krishnamoorthy
From United States, Roslindale
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
PF & ESI.zip
Presentation PF&ESI.ppt
Exp.and esi pf mis format.xls