Opting Out Of Pf

kmohandas
an employee is drawing salary of less than 6500 and his contribution of pf is deducted from his salary every month. his monthly pay revised and he crossed 6500 and is getting 8000. now he dont want to pay his monthly pf contribution and want to opt out of pf. is it possible? and what is the procedure and other conditions. pl clarify
Amit Insha
Dear,
First of all my advise Don't break PF because that is your saving for future. If the employee want to break his PF Give resignation to his HR/Personal Department. After some time Rejoin...............
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9871103011
Dear Mohan das,
This is for your information that para 26A of Employees' Provident Fund Scheme,1952 provides that a member once enrolled under the Scheme shall continue to be member all the times except when he is finally withdraws the PF accumulations standing to his credit in the Funds and not otherwise.Of Course his contribution can be restricted to 6500/-p.m.if he opt to continue.
It is always better to continue the PF membership as it is a social security scheme which provides many benefits including pension.
BS KALSI
New Member
MANOKAVIN
Dear Mohandas
It is not possible to opt out of PF.
If a member already in PF role, even he is getting more than 6500, could not opt out of PF role. He is in PF roll till his resignation, left or retirement.
Regards
Manoharan D
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