The basic pay and dearness allowance (DA) of an executive have been increased due to promotion, and now his revised basic pay and DA exceed 15,000/-. He now wishes to give up his provident fund (PF) benefit. However, since he has been a member of the PF since joining, is it possible for him to make such a declaration?
From India, Guwahati
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3From India, Guwahati
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An EPF Member can not discontinue his membership, while is employment. Answer to your querry is "No option "
From India, Delhi
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From India, Delhi
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PF Contribution on Leave Encashment - Clarification by EPFO.pdf