Pf clarification
Saurabh Kumar Singh
(Querist) 15 December 2012
This query is : Resolved
Dear members,
as per EPFMP Act 1952 "It is mandatory for every employee drawing a basic pay of up to Rs. 6,500 per month to make contribution towards EPF. However, employees drawing basic salary over Rs. 6,501 per month have an option to get PF deducted from their salary."
Now my query is supported by following example- Employees working in the establishment with 6501 or more basic salary and the establishment is deducting & depositing the PF Contribution on the basis of basic salary of 6501 or more.
Meanwhile employee give declaration that they do not want to get deduction/deposition of PF Contribution on more than the basic amount of Rs.6500/- (as per sealing of the act.
Q1: Now please guide us “Is it possible? If yes, then under which provisions of the PF Act?”
Q2: If it is possible then from which period we may implement the same i.e. from date of declaration or from the coming return period?
yours valuable inputs are requested.
Raj Kumar Makkad
(Expert) 15 December 2012
No. Once a member is covered under the Act either by way of statutory requirement or voluntarily, his subsequent membership cannot be withdrawn except retirement etc.
Saurabh Kumar Singh
(Querist) 18 December 2012
Dear experts, thanks for your valuable suggestions.
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 ?
