If any employee wants an exemption from PF, what is the process, rules, and regulations? If an employee has a PF account and now wants an exemption, is it possible?
If his basic pay is less than 15k and the employee strength of the company is more than 20, no exemption can be availed if he is once covered under the act.
If his basic pay exceeds more than 15k, the employer's contribution can be paid for a minimum of 15k.
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