an employee is drawing salary of less than 6500 and his contribution of pf is deducted from his salary every month. his monthly pay revised and he crossed 6500 and is getting 8000. now he dont want to pay his monthly pf contribution and want to opt out of pf. is it possible? and what is the procedure and other conditions. pl clarify
From India, Coimbatore
From India, Coimbatore
Dear,
First of all my advise Don't break PF because that is your saving for future. If the employee want to break his PF Give resignation to his HR/Personal Department. After some time Rejoin...............
For any query mail me on
From India, Delhi
29First of all my advise Don't break PF because that is your saving for future. If the employee want to break his PF Give resignation to his HR/Personal Department. After some time Rejoin...............
For any query mail me on
From India, Delhi
Dear Mohan das,
This is for your information that para 26A of Employees' Provident Fund Scheme,1952 provides that a member once enrolled under the Scheme shall continue to be member all the times except when he is finally withdraws the PF accumulations standing to his credit in the Funds and not otherwise.Of Course his contribution can be restricted to 6500/-p.m.if he opt to continue.
It is always better to continue the PF membership as it is a social security scheme which provides many benefits including pension.
BS KALSI
New Member
From India, Mumbai
This is for your information that para 26A of Employees' Provident Fund Scheme,1952 provides that a member once enrolled under the Scheme shall continue to be member all the times except when he is finally withdraws the PF accumulations standing to his credit in the Funds and not otherwise.Of Course his contribution can be restricted to 6500/-p.m.if he opt to continue.
It is always better to continue the PF membership as it is a social security scheme which provides many benefits including pension.
BS KALSI
New Member
From India, Mumbai
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HC All - Trainees not covered for PF -2010.pdf
PF Ledger.xls