Dear Sir, I have some queries related to PF opt-out option. Hope you will help me for the same.
1) If an employee was a member of PF in his/her last company and he/she has withdrawn his/her PF amount then he can opt out from PF?
As per my knowledge if someone already was a member of PF then he can not opt out from PF. (Please correct if i am wrong)
2) Do I need to submit form 11 at the PF office or do I just need to keep my record?
3) We have around 37 employees in our company, is it possible that some employees can opt-out and others not?
Please help for the same.
1) If an employee was a member of PF in his/her last company and he/she has withdrawn his/her PF amount then he can opt out from PF?
As per my knowledge if someone already was a member of PF then he can not opt out from PF. (Please correct if i am wrong)
2) Do I need to submit form 11 at the PF office or do I just need to keep my record?
3) We have around 37 employees in our company, is it possible that some employees can opt-out and others not?
Please help for the same.