Respected All, I recently applied for a Housing Loan, and the financial institution raised a query regarding why Provident Fund (P.F.) was not deducted from my salary by the firm. They provided some documents or circular stating the exclusion of the P.F. facility.
Request for Provident Fund Circular
Can you provide a circular containing information that if the basic salary exceeds Rs. 6,500/-, it is a voluntary decision of the employee to enjoy the P.F. facility or not, or any circular stating P.F. liability?
From India, Mumbai
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Request for Provident Fund Circular
Can you provide a circular containing information that if the basic salary exceeds Rs. 6,500/-, it is a voluntary decision of the employee to enjoy the P.F. facility or not, or any circular stating P.F. liability?
From India, Mumbai
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You can refer to para (f) of the P.F scheme 1952 which defines excluded employee as one whose pay exceeds Rs.6500/-p.m. You can show a photo copy of the provision. B.Saikumar Mumbai
From India, Mumbai
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1931From India, Mumbai
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Once covered under EPF, employee shall remain covered even if his basic salary increases byond 6500/-. However, contribution shall be deducted on 6500/- only. Regds. Qadir Ahmad B.L. Agro Oils Ltd.
From China, Beijing
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From China, Beijing
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Thank you for your reply. I changed my job 7 months ago, and in my previous office, I was covered under PF and withdrew the same. Now, in my current company, I have selected the option of non-deduction of PF. Could you please attach a copy of any circular so that I can show it to the bank?
I am awaiting your reply.
Thank you.
Regards
From India, Mumbai
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I am awaiting your reply.
Thank you.
Regards
From India, Mumbai
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Provident Fund - Excluded Employee - Definition.pdf
What is Employee Provident Fund.docx