As the Company B has to agreed to pay consolidated amount equivalent to your past salary they should have fixed Rs.18,447/- as your over all salary including employer PF amounts to Rs.18,447/-. Before accepting the offer you should have raised this question with Company B.
From India, Madras
nanu1953If in your 1st organization there was PF , the 2nd organization ( If the organization is covered under EPFO ) can not dis-continue your PF. It is illegal.
In the 2nd organization your salary is consolidated amount and your PF Gross will be the same. In Form-11 at the time of joining if you have disclose your UAN number etc., the 2nd Organization should continue your PF but they may restrict contribution maximum on 15,000/- per month.
In most of the cases organizations are taking such decision due to lack of knowledge.
S K Bandyopadhyay ( WB, Howrah)
CEO-USD HR Solutions
+91 98310 81531
USD HR Solutions – To Strive towards excellence with effort and integrity
From India, New Delhi