Dear All
I have 2 situations in regards to PF.
1) An old employee who had PF contribution, but withdrew it after discussing with MD. Her PF Basic was more than 6500 & so continues till date without PF. Current PF Basic is 9500.
2) An employee who joined in Dec 14 who never had contributed to PF & so has been continuing without PF till date. Current PF Basic is 4500.
Now as per revised PF norms, PF is mandatory for employees with PF basic less than 15000.
What should be the effect on above 2 employees?
Can we increase the PF Basic of 1st employee to 15000 which can solve the issue?
For 2nd employee, salary is less than 15000 anyway & never contributed to PF fund, so can the employee be exempted or should we start PF mandatory?
Please revert at the earliest.
Regards
Darshana
I have 2 situations in regards to PF.
1) An old employee who had PF contribution, but withdrew it after discussing with MD. Her PF Basic was more than 6500 & so continues till date without PF. Current PF Basic is 9500.
2) An employee who joined in Dec 14 who never had contributed to PF & so has been continuing without PF till date. Current PF Basic is 4500.
Now as per revised PF norms, PF is mandatory for employees with PF basic less than 15000.
What should be the effect on above 2 employees?
Can we increase the PF Basic of 1st employee to 15000 which can solve the issue?
For 2nd employee, salary is less than 15000 anyway & never contributed to PF fund, so can the employee be exempted or should we start PF mandatory?
Please revert at the earliest.
Regards
Darshana