Hi,
Please solve the following problems:
What if an employee, while joining an establishment, has a basic salary of Rs 4200, and after some period of time, his basic salary increases above Rs 6501/-? Does he have the option to terminate his membership from the Provident Fund Act?
In case, after registering the establishment, at any point in time, the number of employees working in it becomes less than 20, will the Act still apply?
Are the persons employed by or through a contractor covered under the Scheme?
Thank you.
From India, Bangalore
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1Please solve the following problems:
What if an employee, while joining an establishment, has a basic salary of Rs 4200, and after some period of time, his basic salary increases above Rs 6501/-? Does he have the option to terminate his membership from the Provident Fund Act?
In case, after registering the establishment, at any point in time, the number of employees working in it becomes less than 20, will the Act still apply?
Are the persons employed by or through a contractor covered under the Scheme?
Thank you.
From India, Bangalore
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Dear Vishnubn,
Those employees registered with EPF have to continue in PF even if their salary exceeds the ceiling limit, or the number of employees falls below 20, etc. If the principal employer is registered with PF, employees under contract also have to be registered.
Abbas.P.S
From India, Bangalore
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Those employees registered with EPF have to continue in PF even if their salary exceeds the ceiling limit, or the number of employees falls below 20, etc. If the principal employer is registered with PF, employees under contract also have to be registered.
Abbas.P.S
From India, Bangalore
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Dear Vishnubn,
Answers to your questions are as follows:
Once an employee becomes a member of the Provident Fund (PF), he remains a member even if his salary exceeds the threshold limit.
Once the Act applies to an establishment, it remains applicable even if the number of employees drops below the threshold limit.
Yes, individuals employed by or through a contractor are also covered under the PF Scheme.
From India, Mumbai
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Answers to your questions are as follows:
Once an employee becomes a member of the Provident Fund (PF), he remains a member even if his salary exceeds the threshold limit.
Once the Act applies to an establishment, it remains applicable even if the number of employees drops below the threshold limit.
Yes, individuals employed by or through a contractor are also covered under the PF Scheme.
From India, Mumbai
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Provident Fund - Excluded Employee - Definition.pdf
Latest amendment in Provident fund scheme.doc