Dears, My concern is, are people with a basic wage of more than Rs. 15000 not eligible for PF?
From India, Chennai
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From India, Chennai
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Hi, If the employee is already a contributing member, then PF should be deducted. However, the upper limit of EPF contribution can be restricted to 12% of Rs. 15,000.
In case the new joiner, at the time of joining, is a non-member of EPF (which means PF was not deducted with the previous employer), then you may exclude the employee from PF after collecting Form 11.
From India, Madras
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1015In case the new joiner, at the time of joining, is a non-member of EPF (which means PF was not deducted with the previous employer), then you may exclude the employee from PF after collecting Form 11.
From India, Madras
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PF Contribution on not less than Minimum Wage.pdf