Is it mandatory to deduct PF from salary?

EPF deduction is mandatory for employees who draw a salary less than Rs 15,000, but others can opt-out of this scheme through a declaration made in Form 11 of EPFO.

Can employees opt out of PF?

Can an employee opt out from the Schemes under EPF Act? An employee with a basic salary of over Rs. 15,000 and who has never been a member of EPF can opt out of the scheme. But once they become a member, they cannot opt out of the scheme.

Is it mandatory to opt for PF?

If you are an employer with an organization that employs 20 people or more, it is mandatory for you to register under the EPF scheme. If your organization employs less than 20 people, you can still opt to register under the scheme.

What if PF is not deducted?

As per the Employees Provident Fund Act, the employer’s share cannot be deducted from the member. Also, it cannot be recovered from the salary of employees. If the employee PF was deducted and not paid, it is incorrect. You can reach out to your officer-in-charge for getting the same rectified.

Can I ask my employer not to deduct PF?

If an employee wants to opt out of PF, he can fill out Form 11 at the time of joining his first job. He will also have to present a letter addressing the employer stating that he wishes to opt out of the Provident Fund Scheme.

What do I do if I dont want my PF?

Provident fund opt out procedure If an employee wants to opt out of PF, he can fill out Form 11 at the time of joining his first job. He will also have to present a letter addressing the employer stating that he wishes to opt out of the Provident Fund Scheme.

At what salary PF is not deducted?

Employees Provident Fund (EPF) wage ceiling: Bharatiya Mazdoor Sangh (BMS) has urged the government not to deduct PF of those persons whose monthly salary is Rs 15,000.

How do I write a letter to stop deduction?

(State your actual situation). I request you to not cut my salary for this month as I am in urgent need of money. I shall be really thankful to you for this act of kindness. I will also assure to do overtime next month to balance the working hours.

Can I ask my company to not deduct PF?

How can I stop ESI deduction from salary?

Since it is mandatory you have to approach to the local office and explain about your organization and the salary particulars of employees, then the local manager will take a decision on your quarry OR he may send the ESI enforcement officer and inspect the records and then take the decision.

Is it mandatory to deduct PF from basic salary plus da?

From the above if once salary that is Basic+DA Crosses 21000 then not necessary to deduct his PF.. You can opt out or it’s optional for you to request employer to deduct the PF. Yes contributing to EPF is mandatory for the employees who have a basic salary plus dearness allowance is up to Rs. 15,000 (earlier it was Rs. 6,500).

Does EPF have to be deducted from your salary?

EPF has to be deducted if your company employs 20 or more people at any time during Financial Year, Once EPF Act become applicable then it will continue to apply. If You are starting your career (or earlier you did not opt for deduction of PF) and your salary is more than Rs. 15000 then PF deduction is optional.

What are the employee and employer contributions for PF deduction?

Employee and Employer Contributions for PF Deduction Statutory Compliance. For EFP, both the employee and the employer contribute equal amount, which is 12\% of the salary of the employee. However, the employee contributions may differ. Employees can contribute more than 12\% of their salary voluntarily.

Can I Opt Out of PF if my salary is low?

Any company you join in and they have PF coverage and your salary is less than 15k you don’t have any option you will have to get enrolled in PF. And once you get enrolled this forceful (but one of the best saving option) it don’t let you opt out till the time of your retirement, even though you switch companies.