Hi All,
P.F. is applicable to an IT company from Pune from 2005.
Some of the employee at the time of joining the employment opted out of P.F. as their basic salary was more than Rs.6,500/-
Company made an internal policy in 2008, which force its entire employee to be compulsorily member of P.F.
Now whether company has to deduct Employee share & pay the P.F. from the date exempted employee became member or from the date of joining of such exempted employee.
Company calculate P.F. contribution on thresh hold limit of Rs.6,500/- of Basic for deducting P.F. @ 12%
Please site decided case law if any.
Thanks in advance