Hi, we have one employee. She had worked in 2022 and her PF was getting deducted in her previous organization. Now she joined our company and her basic salary is above Rs.15000/-. Can she opt out of PF? If yes, then which form to be filled. Pls guide. Its urgent.
From India, Pune
From India, Pune
Hi,
If the employee is already a contributing member to PF then PF should be deducted even though Basic is above 15000/- but PF can be limited @ Rs.15,000/-. However if the Member is already not a contributing member to PF then no need for PF deduction. But collect EPF Form 11 duly signed by the employee.
From India, Madras
919If the employee is already a contributing member to PF then PF should be deducted even though Basic is above 15000/- but PF can be limited @ Rs.15,000/-. However if the Member is already not a contributing member to PF then no need for PF deduction. But collect EPF Form 11 duly signed by the employee.
From India, Madras
Hi, thanks for the reply Vmlakshminarayanan. In our company her deduction has not started, but while in her earlier company there was PF deduction. So would it be ok if she opts out of PF in our organization?
From India, Pune
From India, Pune
Hi, If the employee is already a contributing member to PF then PF should be deducted even though Basic is above 15000/- but PF can be limited @ Rs.15,000/-.
From India, Madras
From India, Madras
EPF is a social security benefits if any one is contributing in EPF in previous organization then by new organization cant be stoped employee social security benefits.
She will be continue in EPF even her PF wages is more than 15,000/-
From India, Chennai
She will be continue in EPF even her PF wages is more than 15,000/-
From India, Chennai
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.
Salary-Note.doc
SALARY SHEET CALCULATION.xls