Thanks for approving my registration..Somewhere I was studied in your article that EPF is not a mandatory option for employee..Sir My question is If Employee not opt for EPF then his Net salary will increase by Some amount(i.e contribution of Employer) or not?? If yes, is it possible to choose now to withdraw the option of EPF
Sareddy-It is not mandatory to those whose Basic+DA is more than Rs.15,000. Also, if the employee is already a member with EPF, then he can’t stay away. You can stay away during joing only with new employment and also if your salary is more than Rs.15,000. If you stayed away from EPF, then employer will not pay you that of their contribution. Instead you can save only your part of EPF contribution.