I was reading an article where it was stated that if an employee whose salary(Basic plus DA) is more than 15k at time time of the entry of employment can stay away from EPF scheme.
Is this true??
If yes, then it means Company also need not to pay epf for employee, or this exemption is only for employee contribution and not for Employer Contribution??
Is this true??
If yes, then it means Company also need not to pay epf for employee, or this exemption is only for employee contribution and not for Employer Contribution??