can an employee with >6500 basic opt out for PF contribution or is it compulsory on employer’s part to implement the pf.
From India, Hyderabad
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From India, Hyderabad
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If he was a earlier member for PF then you have to continue,or if he is a new employee and his basic is>6500 then employer’s contribution is not compulsory. rgds Manjunath.S
From India, Bangalore
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From India, Bangalore
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Opting Out of PF Contributions
If an employee whose salary is higher than ₹6500 has opted for PF upon joining and after 3 to 4 months wants to opt out of PF, is it possible to do so? If yes, what is the procedure? Which forms need to be filled?
If it's not possible in the middle of the financial year, can the employee opt out at the beginning of the new financial year? If yes, what is the procedure? Which forms are to be filled?
Looking forward to detailed guidance on this.
Thanks,
Khyati
From India, Ahmadabad
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1If an employee whose salary is higher than ₹6500 has opted for PF upon joining and after 3 to 4 months wants to opt out of PF, is it possible to do so? If yes, what is the procedure? Which forms need to be filled?
If it's not possible in the middle of the financial year, can the employee opt out at the beginning of the new financial year? If yes, what is the procedure? Which forms are to be filled?
Looking forward to detailed guidance on this.
Thanks,
Khyati
From India, Ahmadabad
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PF Contribution on Leave Encashment - Clarification by EPFO.pdf