As per my information:
i. An employee who, having been a member of the Fund, has withdrawn the full amount of his contribution in the Fund:
a) on retirement from service after attaining the age of 55 years, or
b) before migration from India for permanent settlement abroad; or for taking employment abroad.
ii. An employee whose pay at the time he is otherwise entitled to become a member of the Fund exceeds Rs. 6500.00 per month.
iii. A person who, according to the Certified Standing Orders, is an apprentice, or who is declared to be an apprentice by the authority specified in this behalf by the appropriate Government. {Para 2(f)}
Your valuable opinions and views are requested.
From India, Pune
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i. An employee who, having been a member of the Fund, has withdrawn the full amount of his contribution in the Fund:
a) on retirement from service after attaining the age of 55 years, or
b) before migration from India for permanent settlement abroad; or for taking employment abroad.
ii. An employee whose pay at the time he is otherwise entitled to become a member of the Fund exceeds Rs. 6500.00 per month.
iii. A person who, according to the Certified Standing Orders, is an apprentice, or who is declared to be an apprentice by the authority specified in this behalf by the appropriate Government. {Para 2(f)}
Your valuable opinions and views are requested.
From India, Pune
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Dear Pradip,
As per the PF Act, an "excluded employee" means the following:
1. A person joining any establishment with basic pay + Dearness Allowance (DA) over Rs 6500 is an excluded employee and does not come under the purview of the PF Act. There is no compulsion on the part of the employer to extend the PF benefit to him.
2. A person who has attained 58 years of age and has resigned/retired from the services of a company and has taken full and final settlement of his PF dues from his previous employer is an excluded employee. If he joins any establishment, he will not come under the purview of the PF Act.
Thank you.
From India, Calcutta
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6As per the PF Act, an "excluded employee" means the following:
1. A person joining any establishment with basic pay + Dearness Allowance (DA) over Rs 6500 is an excluded employee and does not come under the purview of the PF Act. There is no compulsion on the part of the employer to extend the PF benefit to him.
2. A person who has attained 58 years of age and has resigned/retired from the services of a company and has taken full and final settlement of his PF dues from his previous employer is an excluded employee. If he joins any establishment, he will not come under the purview of the PF Act.
Thank you.
From India, Calcutta
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Dear Sir, We want exclude a employees from pf. His basic is more than 15000. what is the prosger we should follow and which form take from an employee.
From India, Gurgaon
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From India, Gurgaon
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Hi, An employee can opt out of the provident fund if the following criteria are met:
Opting Out of Provident Fund
If he/she is a first-time employee, i.e., at the time of joining the first job.
The employee has his or her Basic + DA (PF Wages) more than Rs. 15,000 per month.
At the time of changing a job, only when he/she does not have an existing PF account number.
If an employee wants to opt out of PF, he/she can fill out Form 11 at the time of joining his/her first job. He/She will also have to present a letter addressing the employer stating that he/she wishes to opt out of the Provident Fund Scheme.
From India, Madras
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Opting Out of Provident Fund
If he/she is a first-time employee, i.e., at the time of joining the first job.
The employee has his or her Basic + DA (PF Wages) more than Rs. 15,000 per month.
At the time of changing a job, only when he/she does not have an existing PF account number.
If an employee wants to opt out of PF, he/she can fill out Form 11 at the time of joining his/her first job. He/She will also have to present a letter addressing the employer stating that he/she wishes to opt out of the Provident Fund Scheme.
From India, Madras
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Extrace ofEPF & MP Act, 1952 for excluded employee.docx