Hi, I would like to know what the purpose of Form 11 is. I came across a few posts on this but could not gather a definite conclusion.
Currently, only those employees whose basic is less than 6500 are covered under PF in my organization. Does Form 11 need to be filled by existing employees whose basic is more than 6500 also, irrespective of whether they had PF in their previous organizations or not?
If yes, then does signing Form 11 mean that the employee is giving a declaration that their basic is above 6500 and they voluntarily do not want to opt for PF?
Regards, Mavis
Currently, only those employees whose basic is less than 6500 are covered under PF in my organization. Does Form 11 need to be filled by existing employees whose basic is more than 6500 also, irrespective of whether they had PF in their previous organizations or not?
If yes, then does signing Form 11 mean that the employee is giving a declaration that their basic is above 6500 and they voluntarily do not want to opt for PF?
Regards, Mavis