In an employee-friendly move, the government today made provident fund contribution optional for workers earning a salary below a certain threshold. However, the employer will continue to contribute their share of the PF irrespective of the worker opting not to pay their contribution. “For employees below a certain threshold of monthly income, contribution to EPF should be optional, without affecting or reducing the employer’s contribution,” Finance Minister Arun Jaitley said in his budget speech. Please let me know in detail, thank you. Source: http://www.financialexpress.com/arti...ployees/48970/ http://articles.economictimes.indiat...act-withdrawal
From United States, Columbus
Acknowledge(0)
Amend(0)
From United States, Columbus
Acknowledge(0)Amend(0)
Hi, Please clarify whether this scheme of optional for employee share is applicable or not. We need to implement in our company if it is allotted. please reply
From India, Bangalore
Acknowledge(0)Amend(0)
1From India, Bangalore
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
PF Contribution on Leave Encashment - Clarification by EPFO.pdf