Please clarify for me the applicability of PF if salaries (basic + DA) exceed 6500/-. Is it compulsory for the employee to be applicable for PF, or is there a choice?
If not applicable, please attach the G.O. copy.
Thank you.
From India, Hyderabad
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6If not applicable, please attach the G.O. copy.
Thank you.
From India, Hyderabad
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If the Basic + DA consolidated amount is more than Rs. 6500/-, even by one Rupee, you have the choice to provide the benefit or not, as it is not compulsory. This is subject to the condition that the employee has not been covered under PF by any previous employers.
Regards,
N. Dilip
Mumbai
[Email Removed For Privacy Reasons]
From India, Mumbai
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Regards,
N. Dilip
Mumbai
[Email Removed For Privacy Reasons]
From India, Mumbai
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You will get the answer from Para 26(6) of the scheme, which is given as follows:
"Notwithstanding anything contained in this para, an officer not below the rank of APFC may, on joint request in writing, of any employee to which this scheme applies and his employer, enroll such employee as a member or allow him to contribute more than Rs. 6500 of his pay per month if he is already a member of the Fund. Thereupon, such employee shall be entitled to the benefits and shall be subject to the conditions of the Fund, provided that the employer gives an undertaking in writing that he shall pay the administration charges payable and shall comply with all statutory provisions in respect of such employee."
Regards.
From India, Mumbai
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"Notwithstanding anything contained in this para, an officer not below the rank of APFC may, on joint request in writing, of any employee to which this scheme applies and his employer, enroll such employee as a member or allow him to contribute more than Rs. 6500 of his pay per month if he is already a member of the Fund. Thereupon, such employee shall be entitled to the benefits and shall be subject to the conditions of the Fund, provided that the employer gives an undertaking in writing that he shall pay the administration charges payable and shall comply with all statutory provisions in respect of such employee."
Regards.
From India, Mumbai
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Hi, Friend,
If Basic+DA consolidated is more than 15000/-, even by Rupee one, you have the choice to give the benefit or not as it is not compulsory, subject to the employee not being covered under PF previously by any previous employers.
Regards,
From India, Chennai
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If Basic+DA consolidated is more than 15000/-, even by Rupee one, you have the choice to give the benefit or not as it is not compulsory, subject to the employee not being covered under PF previously by any previous employers.
Regards,
From India, Chennai
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Dear All,
Please clarify for me the applicability of PF if salaries (basic+DA) exceed Rs. 15,000. Is it mandatory for the employee to be applicable for PF, or is there a choice in this matter?
If not applicable, kindly provide the Government Order copy.
Thank you.
From India, Chennai
Acknowledge(0)Amend(0)
Please clarify for me the applicability of PF if salaries (basic+DA) exceed Rs. 15,000. Is it mandatory for the employee to be applicable for PF, or is there a choice in this matter?
If not applicable, kindly provide the Government Order copy.
Thank you.
From India, Chennai
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