Pf introduction procedure - basic salary.. CiteHR
CiteHR
 
HOME ANSWERED NEW ABOUT LOGIN
Home > Human Resource Section > Labor & Employee Relations

Pf Introduction Procedure - Basic Salary

suman1234 Started The Discussion:

Dear All,

My company is having more than 600 employees. but we dont have PF & Pension account for our employees although 70% of employee's basic salary is less than Rs. 6500/-. I've joined newly and wanted to introduce the system. Pls guide me the complete procedure step by step. Pls Help.

Regards

Suman

suman1234 - 
Dear All, I know u all are too busy with your schedule, but pls give the entire process of PF, so tht I can take the project ahead and help 600+ employees. Awaiting your kind guidance.

TELIKEPALLI - Contributing Member
Dear Friend,

Just go thru the appended link you will get details about the complete P.F procedure.

EPFO

As per P.F norms if any company cross the 20 number or + employees it is mandatory to register under the P.F act. About your company it is crossed the basic number more and more, I am really wondering that why your company did not apt either P.F or own exempted trust as of now. Any way don't delay regarding P.F registration start the process, If you consultant any P.R.O in your area P.F office you will get all the information about P.F registration procedure. But you people may get lot of questioning from P.F authorities regarding the late registration until 600 staff members. To my knowledge they may levy penalty charges also, so get ready to face that.

If you want accurate answer for your query you have to wail until our seniors reply.

I wish you all the best.

sen143 - 
hiiiiiiiiii,

According to me its too late,they will check even your bank statement,its better to go to the pf office and to meet the pro or the enforcement officer. they will tell you what to do and i think you have to pay from the date of starting the business or when ur staff strength was more than 20.Any way the whole amount should be paid from the employer side.

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

Interesting Relevant Discussions


DISCUSSSION STATISTICS


898
VIEWS

3
REPLIES

PLEASE KEEP YOUR CONDUCT PROFESSIONAL AND POLITE


3M Users, 100K+ Documents & 450K+ Discussions

Share »

Community Support & Professional Insights. Login or Register.
Email/Username     Password  

About Us - Advertise - Contact Us - RSS   On Google+  
All trademarks and copyrights held by respective owners. Member comments are owned by the poster.
Privacy Policy | Disclaimer | Terms Of Service
Facebook Page | Follow Us On Twitter | Linkedin Network