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Can PF rate below 12%, if an employee want the deduction at
lower rate ?
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Answer / mahesh
For Employees
For New Entrants:
Enrolment: An employee is eligible for membership from the
day he joins the covered establishment.
If the employee’s emoluments exceed Rs. 6,500/- per month,
he has the option to join the Scheme(s) with the consent
of employer.
Declare previous employment details, if any, in Form No.
11 to the employer.
On becoming a member of the Schemes file details in Form
No. 2 ( family particulars/ nominations) through the
employer.
Rate of contribution payable by a member shall be @ 12% of
his emoluments.
A member can contribute statutarily over and above the
prescribed rate.
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Answer / dhokchaule kishor
employee can not reduce PF contribution rate below 12% he
can only reduce the rate i.e. over 12%
Regards,
Kishor Dhokchaule
Finance Executive
Prabhat Group of Industries,
Nirmalnagar- 413720
+919822508968
Kishordhokchaule@gmail.com
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