I am working as an HR Manager in a manufacturing company. I want to know the following: an employee was a PF member in his last company and joined another company, but he does not want PF deduction in the current company. Is it mandatory that the PF amount should be deducted or not? The basic salary is Rs. 12,000. Please suggest in these two conditions:
1. Who has withdrawn PF EPS Amount
2. Who has not withdrawn PF EPS Amount
Regards.
From India, Jaipur
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1. Who has withdrawn PF EPS Amount
2. Who has not withdrawn PF EPS Amount
Regards.
From India, Jaipur
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Dear Rinku There is one option in PF to Exemption From PF ACCOUNT , he/she is should summit form -13. There is 4 type of option mentioned , you should tick equate one , Thanking you
From India, Chennai
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25From India, Chennai
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From the second company's point of view, they must ensure that he satisfies the condition of 'Excluded Employee.' That is possible only if he withdraws his earlier PF. Even after this, both the employee and employer have to give a common declaration for opting out of PF. If the second company has already deducted PF, then it is better to get the earlier PF transferred.
Regards,
From India, Pune
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Regards,
From India, Pune
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PF Judgement - Bom HC - Temp employee.doc
SALARY with out PF Deduction.xls
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