Dear members,
I have a UAN that was allotted to me in my previous company. I left the job and withdrew my entire amount from my EPF account. Now, I am joining another company. In the new company, my Basic + DA and other allowances exceed Rs. 15,000/-. Now, I don't want to have PF deductions in my salary. Can I opt out of EPF by submitting a declaration in Form 11? Please guide me in this matter.
Thank you.
From India, Mysore
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1I have a UAN that was allotted to me in my previous company. I left the job and withdrew my entire amount from my EPF account. Now, I am joining another company. In the new company, my Basic + DA and other allowances exceed Rs. 15,000/-. Now, I don't want to have PF deductions in my salary. Can I opt out of EPF by submitting a declaration in Form 11? Please guide me in this matter.
Thank you.
From India, Mysore
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Have you withdrawn your EPS amount? How many years have you worked with your previous organization?
If you have already been allotted a UAN, you should continue the PF Account.
Now, with a false declaration in Form-11 (that you were not a member of EPFO), you may discontinue your membership with EPFO.
In my opinion, it is always better to maintain EPFO membership for future tax-free savings and family protection (Pension, EDLI).
Warm Regards,
S K Bandyopadhyay (WB, Howrah) CEO-USD HR Solutions
From India, New Delhi
Acknowledge(0)Amend(0)
If you have already been allotted a UAN, you should continue the PF Account.
Now, with a false declaration in Form-11 (that you were not a member of EPFO), you may discontinue your membership with EPFO.
In my opinion, it is always better to maintain EPFO membership for future tax-free savings and family protection (Pension, EDLI).
Warm Regards,
S K Bandyopadhyay (WB, Howrah) CEO-USD HR Solutions
From India, New Delhi
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EPF - Form No. 11 - Composite Declaration Form_Blank.xls