How can we exempt a class of employee who are drawing salary more than 25,000/-.
1. Do we need to submit any form to PF Department?
2. Do we have to acknowledge Employees who are in contribution till now.
What is the procedure?
Thanks and Regards,
Kashinath
Sr. Executive HR
From India, Hyderabad
11. Do we need to submit any form to PF Department?
2. Do we have to acknowledge Employees who are in contribution till now.
What is the procedure?
Thanks and Regards,
Kashinath
Sr. Executive HR
From India, Hyderabad
Only those whose salary at the time of joining the establishment or when the establishment is covered exceeds Rs 15000 may be excluded from coverage. At the same time, if any one has been a member of PF and the account is still alive (not withdrawn) then he should also be given coverage even if the salary is more than Rs 15000. The employer, however, can restrict his contribution to 12% of Rs 15000.
You need not submit any form to Pf but shall collect form 11 from the employees especially who are joining the company with salary of more than Rs 15000. This not only describes that he was not a member of provident fund earlier. Had he been a member, he should be covered even if his salary is more than Rs 15000.
Acknowledging the employees who are contributing is done by the EPF Organisation and all employees can view their Passbook online.
Madhu.T.K
From India, Kannur
You need not submit any form to Pf but shall collect form 11 from the employees especially who are joining the company with salary of more than Rs 15000. This not only describes that he was not a member of provident fund earlier. Had he been a member, he should be covered even if his salary is more than Rs 15000.
Acknowledging the employees who are contributing is done by the EPF Organisation and all employees can view their Passbook online.
Madhu.T.K
From India, Kannur
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