My friend was working in a company where PF contribution was compulsory. However he chamged is job and there is no contribution to PF by the company. However the company has left it optional for employees to contribute 24 % PF (both emploee and employer share) and adiminstartive charges to be borne by the employer.My questions are:
Is this legal?
Should company pay PF on amount equivalent to min limit of Rs 6500/- and not on balance.
If any employee follows this scheme he is entitled to all the benefits under the PF act?
Can he continue with his old PF a/c or should open new a/c