Employees provident fund

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

18 June 2015 Sir/Madam

if employee who is currently drawing salary of Rs. 10000 now salary will be raised to 17000 than also his PF is require to deduct?
even if employee doesnt want to deduct it and also ready to self declaration for the non deduction of the same.

Please reply as soon as possible.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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18 June 2015 If you are currently deducting PF you can't stop deduction but you can limit the deduction up to Rs 15,000.
If employee doesn't want deduction through self declaration deduction may stopped.

Querist : Anonymous

Querist : Anonymous (Querist)

18 June 2015 Seetharaman Sir,

If employee by self declaration agreeing to not to deduct PF from salary then it is not require right, even though it raises from 12000 to 17000 and earlier his PF has been deducted?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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18 June 2015 I can't understand what is your query.

Querist : Anonymous

Querist : Anonymous (Querist)

18 June 2015 If employee is not willing to deduct PF from his salary on exceeding his salary beyond 15000 and for that he gives his self declaration then PF require to deduct?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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18 June 2015 If he is already a member of EPF scheme then the deduction only can be limited to 15000 and can't be opted out.
Any person joining in an organisation first time as a fresher, can give a letter to the employer stating that he is not interested in PF enrollment voluntarily AND WHOLE HEARTEDLY, and his salary is above 15000/- per month. He is comes under EXPEMPTED employee under EPF scheme and need not enroll him in EPF SCheme. But if he is already a member in any organisation, he has to cover under EPF scheme.