Dear All,
Que.:Hi, my company is registered in EPF. But when we hire new employee whose salary is above 15000/- . we doesn't count him in PF deduction as per rule. My question is "is it necessary to give new employee PF benefit, if we offer him above 15000/- and he is already EPF member. (was getting PF benefit from previous employer)?
ara we bound to give him PF benefit?
Ans.: If member is having previous employer membership, you have to continue him as EPF member and restrict his PF wages to Rs. 15 K.
If member has no PF membership or he has withdrawn his PF, and he joins in any organisation where PF is applicable, at the time of joining, his salary is above Rs. 15 K, he can be treated as excluded employee.
Even though you want to give him PF benefit, he will be memner of EPF only and no EPS will be deducted.
Thanks,
Vidyadhar Bhat