Dear All, Is there any rule for PF & ESI , that an employee is not interested can he/she with draw from ?.IF so kindly can anyone of you please tell me the Act & Rule. With Regards, Uma.M
From India, Madras
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1From India, Madras
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Hi Uma,
If the salary of an employee is more than Rs. 6500, then PF becomes optional for him. He can decide not to deduct PF from his salary. But he has to submit Form No. 11 for that.
However, once an employee becomes a member, he cannot withdraw from it.
In the case of ESI, there are no such rules that exist.
Hope this will help you.
Regards,
Surya
From India, Pune
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If the salary of an employee is more than Rs. 6500, then PF becomes optional for him. He can decide not to deduct PF from his salary. But he has to submit Form No. 11 for that.
However, once an employee becomes a member, he cannot withdraw from it.
In the case of ESI, there are no such rules that exist.
Hope this will help you.
Regards,
Surya
From India, Pune
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Hi Uma,
If the salary of an employee is more than Rs. 6500, then PF becomes optional for him. He can decide not to deduct PF from his salary. However, he has to submit Form No. 11 for that. Once an employee becomes a member, they cannot withdraw from it.
In the case of ESI, there are no specific rules that exist.
Hope this helps you.
Regards,
Surya
From India, Pune
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If the salary of an employee is more than Rs. 6500, then PF becomes optional for him. He can decide not to deduct PF from his salary. However, he has to submit Form No. 11 for that. Once an employee becomes a member, they cannot withdraw from it.
In the case of ESI, there are no specific rules that exist.
Hope this helps you.
Regards,
Surya
From India, Pune
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The extant Rules of ESI and EPF are as follows:
ESI: Contribution by employees and employers is mandatory for all "employees" whose gross wages/salary are Rs. 10,000 or less. Employees whose total gross wages/salary exceed Rs. 10,000 are exempted from the ESI scheme.
EPF: Employees whose pay (basic+DA) exceeds Rs. 6,500 are excluded.
From United States, Roslindale
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ESI: Contribution by employees and employers is mandatory for all "employees" whose gross wages/salary are Rs. 10,000 or less. Employees whose total gross wages/salary exceed Rs. 10,000 are exempted from the ESI scheme.
EPF: Employees whose pay (basic+DA) exceeds Rs. 6,500 are excluded.
From United States, Roslindale
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Hi Surya, Thanks for the information, can i have more information in which government rule of PF & ESI that an employee is notinterested he can with draw from it is given. With Regards, Uma.M
From India, Madras
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From India, Madras
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Hi,
It is not possible for an employee to withdraw from ESI and EPF schemes unless he reaches the status of an exempted employee, i.e., his gross pay should be more than Rs. 10,000 in the case of ESI and his basic pay is more than Rs. 10,000.
Detailed information is available in the ESI Act & Rules and EPF Act & Rules, which are available in all leading bookstores dealing with law books.
S. Krishnamoorthy
From United States, Roslindale
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It is not possible for an employee to withdraw from ESI and EPF schemes unless he reaches the status of an exempted employee, i.e., his gross pay should be more than Rs. 10,000 in the case of ESI and his basic pay is more than Rs. 10,000.
Detailed information is available in the ESI Act & Rules and EPF Act & Rules, which are available in all leading bookstores dealing with law books.
S. Krishnamoorthy
From United States, Roslindale
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Early PF withdrawal won’t be easy.pdf
Guide Lines for PF Withdrawal.doc
PF & ESI.zip