As a new circular has been circulated regarding increase in the standard PF amount from rs780 to rs1800, can anyone help me on below questions:
1. can an existing employee come out of PF as he is not interested to the heavy deduction?
2. If the existing employee comes out of PF, will there be any effect on the organization?
3. If we have new joinee, can he/she have an option to opt out for PF or is PF mandatory?
1. can an existing employee come out of PF as he is not interested to the heavy deduction?
2. If the existing employee comes out of PF, will there be any effect on the organization?
3. If we have new joinee, can he/she have an option to opt out for PF or is PF mandatory?