Can I Opt Out of the New PF Slab with a ₹12,000 Basic Salary? Seeking Advice!

Hi All, it would be great if you could help me understand the process to be exempted from the new PF slab. My basic is ₹12,000/-, and I don't want PF. Is there any way out? Kindly reply.

Your basic salary is Rs. 12,000. You have no option, and you have no choice. PF contributions are mandatory for you now.

As per the PF Act, Para 2, Clause (f), an Excluded Employee means:

(i) An employee who, having been a member of the Fund, withdrew the full amount of his accumulations in the Fund (in case the employee was a member earlier and withdrew his full amount from his account).

(ii) An employee whose pay at the time he is otherwise entitled to become a member of the Fund exceeds [Fifteen Thousand Rupees] per month. (If he was not a member earlier and his basic + DA is less than ₹15,000/-, then you should enroll for PF.)

Employees have an exemption in the above two cases. If both cases are not applicable to you, then you should enroll for PF.

Please read paragraph 2 (f) of the EPF scheme carefully. All kinds of withdrawals will not make a person an excluded employee under EPF.

Regards, Varghese Mathew