Dear Manasi ji,
I thing you are making some conceptual mistakes in your reply.
With due respect to you madam, I draw your kind attention to Paragraph 2(f) of the EPF scheme which defines an excluded employee is as an employee whose pay at the time he is otherwise entitled to become a member of the Fund, exceeds Rs. 6,500/- per month.
Please be noted that once a person is member of PF, he is a member of PF life long in this service if the Act is applicable to his establishment.
Now, the section 6 of the Act says that the contribution which shall be paid by the employer to the Fund shall be 12 per cent of the basic wages, dearness allowance and retaining allowance (if any) for the time being payable to each of the employees, (whether employed by him directly or by or through a contractor) and the employees' contribution shall be equal to the contribution payable by the employer in respect of him and may if any employee so desires, be an amount exceeding 12 per cent of his basic wages, dearness allowance and retaining allowance (if any), subject to the condition that the employer shall not be under an obligation to pay any contribution over and above his contribution payable under this section:
This means member can contribute voluntarily to the provident fund an amount exceeding 12% of his total monthly basic pay and dearness allowance. But in this case contribution by employer is restricted to 12 per cent only.
I hope I am not making any mistake.
Thanks and regards.
Keshav Korgaonkar