Hi,
My Basic salary is Rs. 6510.00 in my new company, alongwith other allowances and incentives. My current employer is refusing to provide me a PF account, stating that as per the rules it is not mandatory to create a PF account for a person whose basic salary is above Rs. 6500.00. Whereas my previous employer used to contribute for PF, where my basic was Rs. 6600.00. Please advise, is my current employer is correct.
My Basic salary is Rs. 6510.00 in my new company, alongwith other allowances and incentives. My current employer is refusing to provide me a PF account, stating that as per the rules it is not mandatory to create a PF account for a person whose basic salary is above Rs. 6500.00. Whereas my previous employer used to contribute for PF, where my basic was Rs. 6600.00. Please advise, is my current employer is correct.