This is UDAY working in HR dept and my query is that, One of my employee is asking me that he doesn't want to take PF enrollment at the time of his date of joining...
What are the ways to exempt that particular employee from PF.
1. I came to know that if employee is not having PF account in his previous organization we can also exempt him from PF..
2. If we submit FORM 11 can we exempt that employee from PF.
3. If any employee BASIC +DA is above 15000 is there any option for excluding that employee from PF
The question raised by the initiator of the thread is whether it is mandatory for the employers (of small units covered under Shop & Commercial Estt Act) to provide for medical facilities or medical insurance to its employees ?
Though, I have replied, yet I am doubtful about the exact position. I will be thankful, if you may express your views on the subject, so that I may be able to update myself. With regards;
Harsh Kumar Mehta
Harsh Kumar Mehta said : Respected Sh. Madhu.T.K. ji, this is since long I have earlier contacted you through e-mail. Though, I am continuing my contribution in citeHR as per my experience and ability, but I find your notes/views very important. I may, however, want to submit that in one of thread titled:
you have mentioned the amount of Medical Bonus under the Maternity Benefit Act, 1961 as Rs. 5000/- . The Medical Bonus under said Act was Rs.3500/- and I am not sure since when the same has been enhanced to Rs.5000/-. Hope your goodself will see the issue and if possible intimate me the date since when it has been enhanced to Rs.5000/- so that I may try to trace out and see the Gazette.
However, the said amount of Medical Bonus under ESI Act (which is called as "Confinement Expenses") is Rs.5000/- w.e.f. 1/10/2013. With kind regards, sir. Harsh Kumar Mehta.
sureshjakhotiya said : Dear Mr.TKMadhu
I am a member of EPF since 2000 August. I was not entitled for Pension Fund so the contribution of Employer was added to that of mine.
I was contributing more than 12% (say 72%) of my basic. Employer as required was on 12%.
Year End March 2015, I calculate on my EPF pass book that the Interest as on date is only 8.25%.
My question is
1) What is the method PF adopts to calculate Interest
2) How can I get my figures checked & corrected in Department.
Madhu.T.K said : It depends on the notification issued by the State Govt. As per Act, only canteen for workers is to be provided and that also in case the number of workers exceed 250. Whether it should be subsidised and to what extend it should be subsidised will be as per Govt. notification
Madhu.T.K said : Mandays is number of persons employed on a day and therefore, if you want to take the mandays per year, you have to add up the number of persons employed on each day. By dividing it by the number of days worked, you will get the average mandays. It is to be calculated by day and not just by mutiplying the number of employees by working days because on each day there can be different number of persons employed.