I am about to join a new company, and they have presented the option to opt-out of PF. Can I opt out of EPF in my second job as my basic salary is 16167rs/-, and I was part of EPF in my first job? Please, I need advice ASAP.
From India, Lonavla
Acknowledge(0)
Amend(0)
From India, Lonavla
Acknowledge(0)Amend(0)
I recommend continuing your PF account despite being given an option. PF savings serve as social security for employees and are also associated with EPS, IT exemption benefits, and are transferable from one employer to another when switching jobs.
It is advisable to opt for EPF/EPS.
From India, Bangalore
Acknowledge(0)Amend(0)
1159It is advisable to opt for EPF/EPS.
From India, Bangalore
Acknowledge(0)Amend(0)Join Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
Epf circular on full salary 230317 Pension on full salary as per SC order 23.3.2017.pdf
Basic Pay for EPF Contribution-re duction not permissible.doc x