A private limited company is registered under PF with current staff strength of say two employees. A new employee joins with salary of more than Rs 6500/-. Can he opt that he may not be covered under PF
Tushar Chowdhary (Lawyer/Consultant) 10 June 2010
You have not mentioned it clearly what the salary means.
Is it a basic salary including D.A. and food concessions or it is a gross salary......
Sunita Lad (Advocate and Consultant) 10 June 2010
A person drawing salary of more than Rs. 6500/- shall be considered as excluded employee. However the term pay includes basic wages with the dearness allowance ,retaining allowance (if any) and cash value of food concessions admissible thereon.
M.V.GIRI (ADVOCATE & TAX CONSULTANT) 10 June 2010
if the employee drawing more than Rs.6500-00, he may join for PF or not. It is voluntary