Pf deduction
Saurabh Kumar Singh
(Querist) 19 December 2012
This query is : Resolved
Dear Experts,
Plz suggest can we give options to new joinee drawing basic salary over Rs. 6,501 per month have an option to get PF deducted from their salary or not ?
Raj Kumar Makkad
(Expert) 19 December 2012
Yes. As on day, such employee can be got termed as exempted employee if he do not opt for scheme, however, employer has to intimate RPFC within the stipulated time about such employee on form 5 with his status.
The rules are expected to be changed very soon as circular has already been issued by EPFO but has yet to be aplied.