Hello Brethren,
Some of the employees of our organisation (a KPO) is not willing to get the Providend fund contribution deducted from their salary . My question is , can they refuse to goin the scheme like that (some are directors). If yes what is the legal formalities to be done.
Regards
Prince
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Providend fund applicability
Replies (2)
there is some misunderstanding between them that 12% would get deducted from their gross CTC, which is wrong, they can contribute minimum also, at ceiling level 6500 pm they can continue, i.e 780/- per month from emplyee and susequent contribution from employer. this would be beneficial to higher salary ppl coz they will enjoy the family pension at negligible cost.
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