No Tags Found!


hr.jagdish@shinsungcnt.com
Some of our company employees wish to not deduct their EPF amount from salary. Their basic is above 15000/-. Can anyone please send a declaration form which we can collect from employees?
From India, Greater Noida
drsivaglobalhr
309

Dear Colleague,
As per provisions of EPF :

1. If the employee is drawing above 15k salary at the time of first appointment, then he can be exempted from the PF coverage.

2. If he was earlier a member of PF and having active UAN then despite he crosses 15 K Salary, he needs to be covered under EPF/ EPS etc, however, the contribution can be restricted to 15K.

3. If the employee is drawing 15K Salary subsequent to their coverage under EPF / EPS they can not be exempted but they continue to be member and contributions are to be remitted.

Hence take call suitably. As far as employees drawing above 15k salary per month, are "exempted employee" under the Act in the instance of first employment and first coverage and in their case no declaration required. Kindly consult your PF Enforcement Officer and handle this.

From India, Chennai
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.





Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.