Mandatory PF Contribution When Changing Jobs
If a person contributing to the PF scheme changes their job, is it mandatory for them to opt for PF even if their basic salary exceeds the specified limit?
Opening a New PF Account
If yes, is it possible to open a new PF account for the employee? What is the procedure?
Non-Deduction of PF Declaration
If no, is it required to collect a signed declaration from them for non-deduction of PF? If yes, please share the format if any.
For example, in my company, there are a few employees who are not contributing towards PF, and their Basic + DA is more than the specified limit. I have been instructed to get a declaration signed from all those employees who fall under this category as it's mandatory.
From India, Noida
If a person contributing to the PF scheme changes their job, is it mandatory for them to opt for PF even if their basic salary exceeds the specified limit?
Opening a New PF Account
If yes, is it possible to open a new PF account for the employee? What is the procedure?
Non-Deduction of PF Declaration
If no, is it required to collect a signed declaration from them for non-deduction of PF? If yes, please share the format if any.
For example, in my company, there are a few employees who are not contributing towards PF, and their Basic + DA is more than the specified limit. I have been instructed to get a declaration signed from all those employees who fall under this category as it's mandatory.
From India, Noida
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