Queries
Anonymous
Dear Sir / Madam,

I am working in a private limited company. There are more than 30 employees in our company.
The salary ranges (PF wages) between Rs. 7,000 to 50,000 per month.
My salary is around Rs. 1,00,000 per month so the PF wages (Basic+DA+some other allowances) are around 50,000-60,000 per month.

My company is not registered with EPF and the employer does not deduct and deposit the PF of any of the employee whether the PF wages is less than Rs. 15,000 per month.

But he pays us 5% monthly in our salary as "Payment in lieu of PF". This reflects in our salary break-up also. But PF is not deducted and deposited in EPF.

My questions are -

1) Should our employer deduct and deposit our EPF?
2) Should he ask from us regarding deducting the EPF from our salaries?
3) Can I claim for PF in future once I resign or so?

Thanks in advance!

Regards
22nd November 2017 From India, undefined

Dear Anonymous,

It is mandatory for an employer employing more than 2o employees to register itself with the EPFO. However, pursuant to a change in December, 2016, an employee's contribution to the EPF scheme has become optional (choice of the employee). An employee can chose to EITHER not contribute at all OR increase his percentage of contribution (up to the whole base salary amount)- as he/ she wishes.

Since the employee is adding the EPF equivalent to your monthly remuneration, my guess is that a claim of PF at the time of resignation would be denied/deemed redundant. As such, I believe the best and simplest idea would be to seek clarification of your doubts from your employer.

Lastly, as I often suggest, please run a relevant search on this website or www.citehr.com to make use of an abundant base of information readily available. For example-

https://www.citehr.com/556769-provid...-15-000-a.html

Best regards,
Citelegal
26th November 2017 From India , Delhi

Please login to participate in this discussion or start your own. Create Account



About Us - Advertise - Contact Us - RSS   On Google+  
Privacy Policy | Disclaimer | Terms Of Service
Facebook Page | Follow Us On Twitter | Linkedin Network

All rights reserved @ 2017 Cite.Community™