We have only one employee whose PF liability we pay. A few years ago, his salary increased above the 15k limit. Can he now give a declaration that he doesn't want to contribute to PF and willingly come out of PF payment? Please guide. This requirement is for some accounting and finance purposes.
From India, Mumbai
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12From India, Mumbai
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No, you cannot stop the coverage of an employee who is already under PF. The exemption only applies to those employees who join the company with a salary of less than ₹15,000 and do not have an existing PF account at the time of joining your organization. Once an employee has a PF account, their coverage continues.
From India, Mumbai
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From India, Mumbai
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PF Contribution on Leave Encashment - Clarification by EPFO.pdf