Employer deducting the PF on actual PF wages of the employee and providing the equal contribution. However, the employee is requesting to restrict the PF wages to 15,000 for PF contribution. Will there be any form to be filled?
From India, Gurgaon
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From India, Gurgaon
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The law requires the company to deduct and pay PF up to a salary ceiling of ₹15,000 per month. It does not prevent higher contributions, but the same must be by consent of the worker.
If the employee no longer wants to contribute more, a simple letter as a request is enough; there is no specified form. However, if the PF scheme itself stipulates that it will be based on the full salary (which often occurs with companies having their own PF Fund), the option to reduce the contribution may not be available. You need to verify the same.
From India, Mumbai
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2501If the employee no longer wants to contribute more, a simple letter as a request is enough; there is no specified form. However, if the PF scheme itself stipulates that it will be based on the full salary (which often occurs with companies having their own PF Fund), the option to reduce the contribution may not be available. You need to verify the same.
From India, Mumbai
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Splitting of Minimum Wages for the purpose of PF contribution not permissible.doc x
EPF-Circular-da ted-23-May-2011 -Splitting-of-M inimum-Wages-fo r-the-Purpose-o f-PF-Contributi on-Not.pdf