Cite.Co is a repository of information and resources created by industry seniors and experts sharing their real world insights. Join Network
If a person contributing in PF scheme changes his job, is it mandatory for him to opt for PF even if his basic is more than the specified limit?
If yes, is it possible to open a new pf account for the employee? What is the procedure?
If no, is it required to collect a declaration signed for him for non deduction of PF? If yes, please share the format if any.
For example, in my company there are few employees who are not contributing towards PF and their Basic + DA is more then the specified limit. I am told to get a declaration signed from all those employees who com under this category as its mandatory.

From India, Noida
If an employee has PF in his previous company, then he will be covered in your company also.
If a employee joins and his salary is above the limit and it is his first employment, then you need to get declaration in form 11.
Feel free to revert for any assistance.

From India, Bangalore
This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.






About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2020 Cite.Co™