Respected Seniors,
I have a few questions on PF.
1. Is PF compulsory for all ?
2. If anybody wants to opt out of PF what is the criteria?
3. If an employee is presently covered by PF does he have any option to come out of the coverage of PF if he desires so?
I am working in a health care BPO where the employees are mostly young and never want to have PF. Its a peculiar problem which I dont have any answer. So far I gathered some information on it which I gave below :
1. If one employee is covered by PF even for once in any company he must continue to be covered by PF irrespective of wherever he works.
2. If one's salary is more than Rs 6500/- he can opt out of PF.
3. If an employee submits a written declaration that he is willing to be outside the covereage of PF it has to be accepted by the employer.
Awaiting for your advice please.
Subhabrata Das gupta
I have a few questions on PF.
1. Is PF compulsory for all ?
2. If anybody wants to opt out of PF what is the criteria?
3. If an employee is presently covered by PF does he have any option to come out of the coverage of PF if he desires so?
I am working in a health care BPO where the employees are mostly young and never want to have PF. Its a peculiar problem which I dont have any answer. So far I gathered some information on it which I gave below :
1. If one employee is covered by PF even for once in any company he must continue to be covered by PF irrespective of wherever he works.
2. If one's salary is more than Rs 6500/- he can opt out of PF.
3. If an employee submits a written declaration that he is willing to be outside the covereage of PF it has to be accepted by the employer.
Awaiting for your advice please.
Subhabrata Das gupta