Dear Sir,
we are working as contractual officers in a large PSU bank. Our contract is renewed every 2 years. We get fixed as well as variable pay. But as per the contract we are not eligible for Provident fund. We are directly on contract with the bank. There is not intermediate contractor of any sorts. And our pay per annum is Rs.6 lakhs for first contract period (Of course there would be increments for subsequent renewal of contracts). Can you please tell us, whether it is legal for the bank to not provide us with the benefit of EPF?