ravi_karumuri Started The Discussion:
Hello everyone, May I know whether PF is applicable to a pvt. ltd., company where 18 people are working ( drawing Rs.10,000/- and above) and is more than 5 yrs old ? Thanx in adv. ravi karumuri
Hi, If the employer wish to cover the organisation they can do so by giving declaration that the two employee whose baisc is more than Rs 10000/- and are exempted to become member of the PF organisation.
In my organisation I looked afte4rt the total PF return and all the necesary documentation. We have done in the same way.
Pf is applicable to all companies whose employee strength is minimum 20 and basic salary is Rs 6500/- per month or below.
If the no. of employees = 20 with basic salary = 6500/- p.m or below - Its mandatory to get the organisation registered under PF and for the rest of the employees it can be voluntary.
Found This Useful? +Vote Up This Page Via Google.
Why Vote? User validation is extremely important for good content to prosper.
Disclaimer: This network and the advice provided in good faith by our members only facilitates as a direction towards the actions necessary. The advice should be validated by proper consultation with a certified professional. The network or the members providing advice cannot be held liable for any consequences, under any circumstances.
Explore Topical Knowledge Areas
Topic Categories >> pf return organizational behaviour contract employees corporate office pf deduction basic salary wages act pf details factory act pf and esi factories act Location-India-Hyderabad Complete List Of Categories
Interesting Relevant Discussions