I'm joining a startup with about 50 employees. The company is part of the EPF scheme and my offer letter also mentions the same in the compensation breakup. However, I do not want to wish to be a part of the EPF scheme and want to opt out. Through my previous employer I did have an EPF account. However, I have withdrawn the holdings in there and also it was in a different state. Is it still possible for me to opt out of EPF? I do qualify for the month salary being above 15,000.
From India, Pune
From India, Pune
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In. When a new query arises, we tap into our engaged community - sending emails to members who have contributed to similar topics - to gather valuable insights. Additionally, our extensive repository of previously answered questions ensures quick access to expert solutions.
EPF Coverage from the Date of Joining.docx
EPF ON LINE REGN. USER MANUAL.pdf