Requesting Exemption from EPF and PF Account: A Letter to a Manager

Introduction

I am writing to formally request a withdrawal from the Employees' Provident Fund (EPF) and the Provident Fund (PF) account. As a current employee, I understand that being a member of these funds offers several benefits, particularly in the realm of retirement planning. However, due to financial constraints, I believe it would be more advantageous for me to request an exemption. This letter aims to provide a clear rationale for my request and the necessary steps to achieve it.

About EPF and PF Membership

The Employees' Provident Fund (EPF) and the Provident Fund (PF) are government-authorized savings schemes designed to assist employees in preparing for their post-retirement life. Both funds work on a defined contribution model, where a portion of your salary is automatically deducted and set aside for you. The benefits of being a member of these funds are well-documented and range from financial security, tax benefits, and special loans to home buying and education purposes.

Reason for Request

While I acknowledge the numerous benefits of EPF and PF accounts, my current financial situation does not align with the monthly salary eligibility criteria for exemption. My monthly salary is below Rs. 15,000, and as such, I am not eligible for exemption from EPF membership based on my current income. However, I still wish to submit a request to my manager for consideration.

Steps to Request Exemption

1. **Understand the Process:** According to the rules, I can only seek exemption if I am an 'excluded employee.' This typically means having a monthly salary of more than Rs. 15,000. Given my salary is less than Rs. 15,000, I am not eligible for automatic exemption but can still request an exemption if my manager deems it appropriate.

2. **Form 11:** To formalize my request, I request that my employer fill out Form 11, which is specifically designed for the purpose of seeking exemption from the EPF and PF accounts. I understand that this form needs to be duly filled up and submitted with the necessary documentation, such as my pay slip and any other relevant financial documents.

Conclusion

In conclusion, I respectfully request that my employer consider my request for exemption from the EPF and PF accounts, despite not meeting the current eligibility criteria. I believe that discussing this request could help me manage my finances more effectively and plan for other priorities.

I look forward to your positive consideration on this matter and your guidance on the necessary steps to formalize my request.

Template for the Letter

Subject: Request for Exemption from EPF and PF Account

Dear [Manager's Name],

I am writing to formally request a withdrawal from the Employees' Provident Fund (EPF) and the Provident Fund (PF) account. As a current employee earning less than Rs. 15,000 per month, I am not currently eligible for automatic exemption from EPF membership as per the rules.

However, I believe it would be beneficial to seek exemption from these funds due to the current constraints in my financial situation. To formalize my request, I kindly ask that my employer provide me with the Form 11 for exemption, which will be filled up with the necessary details.

I understand the valuable benefits that these accounts offer such as retirement planning, special loans, and tax benefits. Your consideration and support in this matter would be greatly appreciated. I am flexible and open to discussing any possible alternatives that the company may offer.

Thank you for your time and consideration.

Sincerely,

[Your Name and Position]