Hello Everyone,
Recently, I heard that if any employee joins any organization with a salary of more than 15k, then he is exempt from PF contribution.
Can you please confirm this? Whether it is a myth or true?
Thanks
From India, Mumbai
Recently, I heard that if any employee joins any organization with a salary of more than 15k, then he is exempt from PF contribution.
Can you please confirm this? Whether it is a myth or true?
Thanks
From India, Mumbai
Hi, If the employee’s PF salary is more than 15k then employee can be exempted from PF provided the same employee is not a contributing member of PF during past employment.
From India, Madras
956From India, Madras
Hello I am fresher just going to step in hr as far as I read in statutory compliances related to pf it is true that employees are not eligible whose salary is above 15000 but it cannot be totally exempted from contribution they can contribute 1800 straight ,and there is also vpf (voluntary provident fund)that allows employees to contribute more than celing limit if they want .
Hopes this helps
From India, New Delhi
Hopes this helps
From India, New Delhi
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