Respected Seniors,
I have a few questions on PF.
1. Is PF compulsory for all ?
2. If anybody wants to opt out of PF what is the criteria?
3. If an employee is presently covered by PF does he have any option to come out of the coverage of PF if he desires so?
I am working in a health care BPO where the employees are mostly young and never want to have PF. Its a peculiar problem which I dont have any answer. So far I gathered some information on it which I gave below :
1. If one employee is covered by PF even for once in any company he must continue to be covered by PF irrespective of wherever he works.
2. If one's salary is more than Rs 6500/- he can opt out of PF.
3. If an employee submits a written declaration that he is willing to be outside the covereage of PF it has to be accepted by the employer.
Awaiting for your advice please.
Subhabrata Das gupta
From India, Calcutta
I have a few questions on PF.
1. Is PF compulsory for all ?
2. If anybody wants to opt out of PF what is the criteria?
3. If an employee is presently covered by PF does he have any option to come out of the coverage of PF if he desires so?
I am working in a health care BPO where the employees are mostly young and never want to have PF. Its a peculiar problem which I dont have any answer. So far I gathered some information on it which I gave below :
1. If one employee is covered by PF even for once in any company he must continue to be covered by PF irrespective of wherever he works.
2. If one's salary is more than Rs 6500/- he can opt out of PF.
3. If an employee submits a written declaration that he is willing to be outside the covereage of PF it has to be accepted by the employer.
Awaiting for your advice please.
Subhabrata Das gupta
From India, Calcutta
Hello Subhabrata,
PF is compulsory for people equal to or below 6500 gross salary.
THERE IS NO CHOICE FOR THIS CATEGORY.
If you fail to take the PF then you will get a notice sooner or later, from the local PF dept and then your company will have to pay huge back log[arrears] for every employee for all the period served - including employees who have left.
If employee crosses 6500 then it is optional.
Any other queries let me know
Riyaz
From India, Delhi
38PF is compulsory for people equal to or below 6500 gross salary.
THERE IS NO CHOICE FOR THIS CATEGORY.
If you fail to take the PF then you will get a notice sooner or later, from the local PF dept and then your company will have to pay huge back log[arrears] for every employee for all the period served - including employees who have left.
If employee crosses 6500 then it is optional.
Any other queries let me know
Riyaz
From India, Delhi
Dear Subhabrata Das gupta, What ever Mr. Riyaz has said is absolutely true, there is no escape from the PF. It is statutaory and mandotary.
From India, Delhi
From India, Delhi
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Coverage of construction & contact workers under PF 22.1.2015.pdf
Coverage of Construction Labour under PF letter of 15 O-page-001.jpg