Answer 1, depending upon the type of industry the rate of contribution may vary either 10% or 12%
10 % for beedi, jute, brick, coir , guar gum industries or any sick unit. rest all 12%.
Answer 2: at the time of joining if salary above 15000 member can opt out of pf scheme directly if he was not employed previously, but if he was employed somewhere and was a pf member, then he cannot opt out, he will be a pf member in his new job and deductions as per act.
31st May 2017
31st May 2017 From India, Delhi