I have extracted the following information form the PF- A start up is exempt from PF for upto 3 years from the date of starting.
But our consultants are telling me that no from the companies comes under PF act and when you reach to 20 employees it is applicable to you, whether it is from day one or after.
Kindly guide me in this regard and if you have such information in written somewhere then kindly share the PDF or link so that I can go though the same.

From India, Mumbai

Get a holistic view of Project Management that would cover modern tools & techniques →
Promoted: XLRI - Executive Development Program in Project Management for Senior Professionals (Explore Course)
The principal Act had a provision which gave infancy protection for 3 years but the same has been deleted and now it is applicable from the day on which your number of employees becomes 20. Please refer any of the latest bare Act on Provident Fund and Misc. Provisions Act for details.
From India, Kannur
Your company once registered with PF after attending number of 20 employees PF contribution is compulsory. But, if you have new employees for whom the previous UAN number is not applicable then you may register them under PMRY where the employer contribution is been borne by the government upto specified timeline.

If you are knowledgeable about any fact, resource or experience related to this topic - please add your views using the reply box below. For articles and copyrighted material please only cite the original source link. Each contribution will make this page a resource useful for everyone.

Please Login To Add Reply →

About Us Advertise Contact Us Testimonials
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2021 CiteHR.Comô

All Material Copyright And Trademarks Posted Held By Respective Owners.
Panel Selection For Threads Are Automated - Members Notified Via CiteMailer Server