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Anonymous
1

Dear Professionals,

I would like to know that is there any way an employee who's basic salary is less than 15K and does not have PF account can be exempted from PF deductions?

Also what other ways are there to exempt an employee from PF deduction?

Thank You.

From India, Ahmedabad
vmlakshminarayanan
919

Hi

An employee can opt out of the provident fund if the following criteria are met:

If he/she is a first-time employee i.e., at the time of joining the first job
The employee has his or her Basic + DA (PF Wages) more than Rs.15000/- per month
At the time of changing a job, only when he/she does not have an existing PF account number

In case of Basic salary less than 15k PF is must.

Only option is if company is not coming under the purview of PF due to less man power then no need to deduct PF.

From India, Madras
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