Hi
My company are providing PF to employees. Now we have a thought that why dont we start PPF instead of PF because of lot of problems with Provident Fund Department.
We donot want to stop all PF but want to continue with the salary limit of Rs.6500. But want to discontinue for the higher slary class which never was under PF but we gave them PF voluntiarly. Now this section of PF , change to PPF .
Is it permissible to stop the higher salary class PF eventhough they are not under the Act ?
My company are providing PF to employees. Now we have a thought that why dont we start PPF instead of PF because of lot of problems with Provident Fund Department.
We donot want to stop all PF but want to continue with the salary limit of Rs.6500. But want to discontinue for the higher slary class which never was under PF but we gave them PF voluntiarly. Now this section of PF , change to PPF .
Is it permissible to stop the higher salary class PF eventhough they are not under the Act ?