Dear Senoirs,
I Have a doubt on PF Contribution. A Employee was working in Company A his Basic+DA is greater than 6500RS. Employee is Contributing towards EPF & EPS in Company A.
He then resigns and takes up employment in Company B his Basic+DA is greater than 6500RS. Employee is saying that he doesn't want to contribute towards EPF & EPS quotes that ceiling is 6500Rs. Now is the employee duty bound to Contribute to EPF & EPS (earlier in Company employee was Contributing towards EPF & EPS) ?
Is Company B duty bound to deduct EPF & EPS?
Please guide me in this matter with supporting material in EPF Act. Am looking for solution in a legal perspective.
Regards
Suresh
I Have a doubt on PF Contribution. A Employee was working in Company A his Basic+DA is greater than 6500RS. Employee is Contributing towards EPF & EPS in Company A.
He then resigns and takes up employment in Company B his Basic+DA is greater than 6500RS. Employee is saying that he doesn't want to contribute towards EPF & EPS quotes that ceiling is 6500Rs. Now is the employee duty bound to Contribute to EPF & EPS (earlier in Company employee was Contributing towards EPF & EPS) ?
Is Company B duty bound to deduct EPF & EPS?
Please guide me in this matter with supporting material in EPF Act. Am looking for solution in a legal perspective.
Regards
Suresh