Procedure for Opting Out of PF Participation
If any employee doesn't want to participate in PF and his/her basic salary is above 6500, what is the procedure for the same? Please explain both conditions: for a newly joined employee who has not registered under PF and for one who was previously registered under PF. Are there any forms that need to be filled out?
Regards
From India, Ahmadabad
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1If any employee doesn't want to participate in PF and his/her basic salary is above 6500, what is the procedure for the same? Please explain both conditions: for a newly joined employee who has not registered under PF and for one who was previously registered under PF. Are there any forms that need to be filled out?
Regards
From India, Ahmadabad
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Thanks for your reply..Can you share copy of form 11? As per by view the form11 is kept with employer and have not to submit anywhere else.Am I correct?
From India, Ahmadabad
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From India, Ahmadabad
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Yes you are correct...... And also i have attached it please see it.........................
From India, Haldwani
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From India, Haldwani
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Kalyan sir, Your form is for adding in epf. What is the form for non willing to pay EPF by an employee.. Kindly send it, it will be very useful. Thanks a lot
From India, Madras
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From India, Madras
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Dear All, can you provide the reference of Act where was clearly mention if basic salary is more then 6500/ emp will be exempted from p.F Contribution ..
From India, Chandigarh
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From India, Chandigarh
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No first he have to resigned afterward formalities of withdrawl of epf accumulation should be started and afterward he will rejoin as new employee. sumit
From India, Ghaziabad
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From India, Ghaziabad
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Hi Sumit, I want to know if we can do anything when the company is providing PF benefits only to half of its staff?? Regards, Tamanna Mehta
From India, Mumbai
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From India, Mumbai
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Hi Tamanna Mehta,
Greetings for the day.
First of all, it may be noted that EPF/EPS is Mandatory
The benefit of the same should be extended to all the staff employed. Secondly, the deduction of EPF should be done on basic salary + DA/VDA + food conc. if any. Thirdly, for employees whose basic salary is less than Rs. 6500/-, the membership should be compulsory. Basic above Rs. 6500/- can be treated as an excluded member, but it solely depends on the employer either to deduct EPF or exclude the same. If you want to ensure that the deduction of EPF is extended to all employees, you must hire employees based on CTC rather than gross.
Thanks & regards,
Sumit Kumar Saxena
[Phone Number Removed For Privacy Reasons]
From India, Ghaziabad
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Greetings for the day.
First of all, it may be noted that EPF/EPS is Mandatory
The benefit of the same should be extended to all the staff employed. Secondly, the deduction of EPF should be done on basic salary + DA/VDA + food conc. if any. Thirdly, for employees whose basic salary is less than Rs. 6500/-, the membership should be compulsory. Basic above Rs. 6500/- can be treated as an excluded member, but it solely depends on the employer either to deduct EPF or exclude the same. If you want to ensure that the deduction of EPF is extended to all employees, you must hire employees based on CTC rather than gross.
Thanks & regards,
Sumit Kumar Saxena
[Phone Number Removed For Privacy Reasons]
From India, Ghaziabad
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Provident Fund - Excluded Employee - Definition.pdf