Dear seniors,
I am working as a Senior HR Executive in an Infrastructure Company, and I have a query regarding EPF.
EPF Exemption Query
In my company, some employees earning more than Rs. 6,500 as basic salary have been excluded from EPF, having obtained an exemption by submitting Form-11 to the EPF department. Now, with the new enhanced EPF ceiling, their basic salary is not more than Rs. 15,000. Can we still continue to exempt the above employees whose basic salary is between Rs. 6,500 and Rs. 15,000? If we have to start deductions from now onwards, do we need to cancel their previous exemptions? Please suggest the correct procedure to follow.
Thanks and regards,
Sankar
I am working as a Senior HR Executive in an Infrastructure Company, and I have a query regarding EPF.
EPF Exemption Query
In my company, some employees earning more than Rs. 6,500 as basic salary have been excluded from EPF, having obtained an exemption by submitting Form-11 to the EPF department. Now, with the new enhanced EPF ceiling, their basic salary is not more than Rs. 15,000. Can we still continue to exempt the above employees whose basic salary is between Rs. 6,500 and Rs. 15,000? If we have to start deductions from now onwards, do we need to cancel their previous exemptions? Please suggest the correct procedure to follow.
Thanks and regards,
Sankar