If an Existing Employee withdraw his all amount from PF & rejoin the Establishment with 15K Basic, He will be treated as Excluded or not ?
As per EPF Scheme, Para 69, (5) - Any member who withdraws the amount due to him under subparagraph (2) shall, on obtaining re-employment in a [factory or other establishment] to which the Scheme applies, be required to qualify again for the membership of the Fund and on qualifying for membership shall be treated as a fresh member thereof.
From India, undefined
Yes ! you are right, If any employee withdrawal his full accumulated PF then he will be consider as fresher , while joining new company if his basic exceeds 15,000 then you may exempt him by filling form 11.
From India, Mumbai