In Form 11 employees can declare they were not a prior member of PF. Is there any Form where the employee can declare he/she is not willing to continue or to be a new member of PF?
For employees earning less than 6500, they avoid doing formalities after resignation to get or transfer their PF amount. As a result they are deprived of that amount. Is it possible to give them the gross salary in hand without PF deduction?
If below 6500 employee is not willing PF deduction how can it be solved?
From India, Mumbai
For employees earning less than 6500, they avoid doing formalities after resignation to get or transfer their PF amount. As a result they are deprived of that amount. Is it possible to give them the gross salary in hand without PF deduction?
If below 6500 employee is not willing PF deduction how can it be solved?
From India, Mumbai
dear sonai
if any other person think like that we can understand but if a HR personnel think like that we are really unable to understand.you should convery them it is a social security legislation and all should be member of this .if any
member dies during service ,can any employer grant pension to widow.i think no one only PF take care of widow and children.
dear let us cvome to your point ,there is no form as you have asked and there is no choice of individual or employer ,if basic is less than 6500,
he has to be member of PF at the time of joining and he will remain meber of PF till he will work in this organisation irrespective of basic.
tks
j s malik
From India, Delhi
167if any other person think like that we can understand but if a HR personnel think like that we are really unable to understand.you should convery them it is a social security legislation and all should be member of this .if any
member dies during service ,can any employer grant pension to widow.i think no one only PF take care of widow and children.
dear let us cvome to your point ,there is no form as you have asked and there is no choice of individual or employer ,if basic is less than 6500,
he has to be member of PF at the time of joining and he will remain meber of PF till he will work in this organisation irrespective of basic.
tks
j s malik
From India, Delhi
Dear Mr/Ms.Sonai
As your thinks, you can not do like that & you have not rights to escape the employees from PF. If the emloyees are below 20 ,you can take a volunteer action for giving a benifits to employees.
Incase if employee die, who will take care of their widow & children. Only pf will take care of them.
So please dont do anything which is not unbenifited to employees, try to give a good benifits.
Regards
Manju
From India
As your thinks, you can not do like that & you have not rights to escape the employees from PF. If the emloyees are below 20 ,you can take a volunteer action for giving a benifits to employees.
Incase if employee die, who will take care of their widow & children. Only pf will take care of them.
So please dont do anything which is not unbenifited to employees, try to give a good benifits.
Regards
Manju
From India
Dear, :-D
As per what i know there is form on which everyone can
voluntarily write and give that they do not wish to opt
for the PF scheme.It has be done by all employees combindly.
But once started(opted) nothing can be done.It is one
way traffic.
Mallik sir i am sorry i am telling this here.but i have found
few employers cut the PF contribution but do not pay
the same.Also i have seen employers troubling employees
who leave their firms by not signing on the withdrawal forms
of PF.
Regards
Rajeev
From India, Bangalore
As per what i know there is form on which everyone can
voluntarily write and give that they do not wish to opt
for the PF scheme.It has be done by all employees combindly.
But once started(opted) nothing can be done.It is one
way traffic.
Mallik sir i am sorry i am telling this here.but i have found
few employers cut the PF contribution but do not pay
the same.Also i have seen employers troubling employees
who leave their firms by not signing on the withdrawal forms
of PF.
Regards
Rajeev
From India, Bangalore
dear rajeev
sonai does not have the problem which you have mentioned ,they are honest employer and they deposit PF on time,they want to avoid PF contribution because genrally people donot get transfer of fund/withdrawl of fund after leaving the organisation.
in that case for the benefit of employees they can form a PF trust which is legal ,but you can not avoid PF.
tks
j s malik
From India, Delhi
sonai does not have the problem which you have mentioned ,they are honest employer and they deposit PF on time,they want to avoid PF contribution because genrally people donot get transfer of fund/withdrawl of fund after leaving the organisation.
in that case for the benefit of employees they can form a PF trust which is legal ,but you can not avoid PF.
tks
j s malik
From India, Delhi
my dear friend,
Please dont think to avoid the pf contributio of employees, even though they insisted, as there is no way to avoid pf of eligibli emplyees ie less than 6500 basic+da. But you can reduce the burden by minimizing the Basic +Da in their salary structure.
But, Provident Fund is the ideal social security provison for the
organized employees comparitive to ESI and others.
In case of Employees normal death also. you can provide the pension to the deceased family , but it not possible under esi , esi pension is only for death while on duty.
M GOPI
HR
99895 88029
From India, Visakhapatnam
Please dont think to avoid the pf contributio of employees, even though they insisted, as there is no way to avoid pf of eligibli emplyees ie less than 6500 basic+da. But you can reduce the burden by minimizing the Basic +Da in their salary structure.
But, Provident Fund is the ideal social security provison for the
organized employees comparitive to ESI and others.
In case of Employees normal death also. you can provide the pension to the deceased family , but it not possible under esi , esi pension is only for death while on duty.
M GOPI
HR
99895 88029
From India, Visakhapatnam
Malikji view is correct. And why to avoid PF deduction which is give pension to widow if employee dies, second one you are getting handsome 8.5 to 9% interest on your pf balance (do you get the interest from banks on savings a/c.?)& third one that employee getting 12% from employer share.
The one issue is discussed here that employer does not sign on withdrawal form pf employee. I want to clear here again that if by any reasons employer is not signing the form still employee can get the withdrawal benefits.
From India, Nagpur
The one issue is discussed here that employer does not sign on withdrawal form pf employee. I want to clear here again that if by any reasons employer is not signing the form still employee can get the withdrawal benefits.
From India, Nagpur
Dear Prashant,
If 1 employee has his basic at 6,000, and another employee has 10,000, then Are PF and ESI applicable to both, Keep in Mind the company strenght is 24.
If 10 employees are at less than 10,000/- out of 24, then what is PF & ESI applicability?
Thanks
Chandra
From India, Hyderabad
If 1 employee has his basic at 6,000, and another employee has 10,000, then Are PF and ESI applicable to both, Keep in Mind the company strenght is 24.
If 10 employees are at less than 10,000/- out of 24, then what is PF & ESI applicability?
Thanks
Chandra
From India, Hyderabad
dear chandra
ESI and PF both are seprate act,ESI is deducted on gross and applicable if someone has lesxs than 10k permonth as gross whereas PF is deducted on basic+DA and applicable whosever has less than 6500 at the time of joining.
dear if company strength is 24 than both act will apply because applicablity does not have any concern with exempted employee.
tks
js malik
From India, Delhi
ESI and PF both are seprate act,ESI is deducted on gross and applicable if someone has lesxs than 10k permonth as gross whereas PF is deducted on basic+DA and applicable whosever has less than 6500 at the time of joining.
dear if company strength is 24 than both act will apply because applicablity does not have any concern with exempted employee.
tks
js malik
From India, Delhi
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HC All - Trainees not covered for PF -2010.pdf
PF Ledger.xls