Hi, we have one employee. She worked in 2022, and her PF was being deducted in her previous organization. Now she has joined our company, and her basic salary is above Rs. 15,000. Can she opt out of PF? If yes, then which form should be filled? Please guide. It's urgent.
From India, Pune
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From India, Pune
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Hi, if the employee is already a contributing member to PF, then PF should be deducted even though the Basic is above Rs. 15,000/-. However, PF can be limited to Rs. 15,000/-. If the member is not already a contributing member to PF, then there is no need for PF deduction. Please collect EPF Form 11 duly signed by the employee.
From India, Madras
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1015From India, Madras
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Hi, thanks for the reply Vmlakshminarayanan. In our company, her deduction has not started, but while in her earlier company, there was PF deduction. So, would it be okay if she opts out of PF in our organization?
From India, Pune
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From India, Pune
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Hi, If the employee is already a contributing member to PF then PF should be deducted even though Basic is above 15000/- but PF can be limited @ Rs.15,000/-.
From India, Madras
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From India, Madras
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EPF as a Social Security Benefit
EPF is a social security benefit. If anyone is contributing to EPF in a previous organization, then the new organization cannot stop the employee's social security benefits. She will continue to be in EPF even if her PF wages are more than 15,000/-.
From India, Chennai
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EPF is a social security benefit. If anyone is contributing to EPF in a previous organization, then the new organization cannot stop the employee's social security benefits. She will continue to be in EPF even if her PF wages are more than 15,000/-.
From India, Chennai
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As far as PF subscription is concerned, the statutory provision is that once you are a member, you have to continue to be so, though the PF contribution can be limited to the statutory limit (Rs. 15,000/- PM). There is no escape.
From India, Mumbai
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From India, Mumbai
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SALARY with out PF Deduction.xls
PF salab limit.pdf