Hi everyone, We are a private limited company covered under PF regulations. A newly joined employee mentioned that he is not a PF member and wishes to continue that way. Instead of contributing to PF, he has requested that the employer’s PF portion (₹1,800/month) be allocated to his NPS account for tax benefits.
Is this legally permissible? If so, what would be the correct procedure to implement this? Looking forward to insights from those experienced in this area.
Thanks in advance!
From India, Bengaluru
Is this legally permissible? If so, what would be the correct procedure to implement this? Looking forward to insights from those experienced in this area.
Thanks in advance!
From India, Bengaluru
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PF Notification of wage of ceiling15000 per month WEF 01.09.2014.pdf