Dear Professionals,
Please do let me know, if any person whose basic salary is Less than Rs. 15000 per month, does not want to get EPF deducted from his Salary, means he does not want to save money through EPF. Can employer give him exemption by taking declaration from the employee in question.
Thanks,
Dhananjay.
From India, Delhi
3Please do let me know, if any person whose basic salary is Less than Rs. 15000 per month, does not want to get EPF deducted from his Salary, means he does not want to save money through EPF. Can employer give him exemption by taking declaration from the employee in question.
Thanks,
Dhananjay.
From India, Delhi
Hi,
According to Para 2 Clause (f) "Excluded Employee" means
an employee who, having been a member of the Fund, withdrew the full amount of his accumulations in the Fund
(ii) an employee whose pay at the time he is otherwise entitled to become a member of the Fund, exceeds [Fifteen Thousand
rupees] per month.
In your case he should be member, not have the exemption.
From India, Mumbai
According to Para 2 Clause (f) "Excluded Employee" means
an employee who, having been a member of the Fund, withdrew the full amount of his accumulations in the Fund
(ii) an employee whose pay at the time he is otherwise entitled to become a member of the Fund, exceeds [Fifteen Thousand
rupees] per month.
In your case he should be member, not have the exemption.
From India, Mumbai
Dear Aditya, The question is for those whose Basic salary is less than Rs. 15000 but they don’t want to get the money deducted from his salary. Can they be given the exemption.....
From India, Delhi
From India, Delhi
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An Employer does not enjoy any discretionary powers to exclude any employee(s) who, otherwise covered by the Act on a selective basis or en-mass for any reason whatsoever. On the contrary the employer can only include anyone who are not covered by the Act as per their discretion. Also the employer can contribute both the employees' as well as employer's contribution if the employee not willing to contribute (as in the query) if they don't mind it.
From India, Bangalore
An Employer does not enjoy any discretionary powers to exclude any employee(s) who, otherwise covered by the Act on a selective basis or en-mass for any reason whatsoever. On the contrary the employer can only include anyone who are not covered by the Act as per their discretion. Also the employer can contribute both the employees' as well as employer's contribution if the employee not willing to contribute (as in the query) if they don't mind it.
From India, Bangalore
dear all,
It is not a optional scheme based on declaration or undertaken given by the employee. In case a person is getting less than Rs.15000/- per month as BASIC + DA, he should be a member to the scheme.
P K Sharma
From India, Delhi
It is not a optional scheme based on declaration or undertaken given by the employee. In case a person is getting less than Rs.15000/- per month as BASIC + DA, he should be a member to the scheme.
P K Sharma
From India, Delhi
Thanks to all of you, specially to Mr. P. K. Sharma who exactly got my point. So in nutshell, Employer is bound to create EPF Account for all those employees who are covered by the Act.
Thanks again.
Dhananjay.
From India, Delhi
Thanks again.
Dhananjay.
From India, Delhi
The correct position as per law is an employee can submit Form 11 and opt out of the PF scheme. The rider here is that he should not have been a member of the scheme at any time. Accordingly, a new employee starting his career can submit this form and choose not to participate in PF. For all others it compulsory by law to enroll in the PF scheme if their earnings from Basic & D.A or Spl Allown is less than 15,000.
From India, Mumbai
From India, Mumbai
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One emp one EPF Account.docx
Introduction Of One Employee One EPF Account Facility.pdf