Account dept is saying that my basic salary is more than 15000 and I was told that i am not eligible to open account. I feel It is right for an employee for his epf account though i asked acct dept to open epf account and i will bear both employee and employer share so that at-least i have epf account and start saving.Can any company deny in opening of EPF account. Since it is my first company, in next company also same thing will repeat. Please guide me what to do
When your salary (Basic+DA) is more than Rs.15,000, then you can opt out of EPF initially while joining job. However, if you joined earlier with less than Rs.15,000 salary (EPF provided to you) and later on it increased means you can’t opt out.
However, while joining itself your salary is more than Rs.15,000, then it is purely YOUR right to stay away from EPF but not your EMPLOYER’s. They are mis-guiding you.