Is It True That Employees Earning Over 15k Are Exempt from PF Contributions?

Hello everyone, Recently, I heard that if an employee joins any organization with a salary of more than 15k, then they are exempt from PF contribution. Can you please confirm if this is a myth or true? Thanks

Hi, if the employee's PF salary is more than 15k, then the employee can be exempted from PF, provided the same employee is not a contributing member of PF during past employment.

Hello, I am a fresher just about to step into HR. As far as I have read about statutory compliances related to PF, it is true that employees whose salary is above 15,000 are not eligible. However, they cannot be completely exempted from contribution; they can contribute a straight 1,800. Additionally, there is also VPF (Voluntary Provident Fund) that allows employees to contribute more than the ceiling limit if they want.

Hope this helps.