Dear All,
Need to ask a question for EPF registration. How mandatory is it for the organisation having employee strength greater then or equals to 20 to have EPF Registration.
We are a group of IT consultants and registered as a private limited company and all employees drawing salary around 2.4 Lakhs per annum.
I was discussing with some one and he advised that all employees having salary greater then Rs. 6,000 per month can sign a declaration that they don't need PF to be deducted. In this case the employer also need not add their contribution. But maintaining certain documents will suffice the statutory requirment of EPFO.
Is this true?
I am a person with no knowledge of Indian Labour and Industrial relations laws. So please guide.
Thanks in advance
Regards
VG
Need to ask a question for EPF registration. How mandatory is it for the organisation having employee strength greater then or equals to 20 to have EPF Registration.
We are a group of IT consultants and registered as a private limited company and all employees drawing salary around 2.4 Lakhs per annum.
I was discussing with some one and he advised that all employees having salary greater then Rs. 6,000 per month can sign a declaration that they don't need PF to be deducted. In this case the employer also need not add their contribution. But maintaining certain documents will suffice the statutory requirment of EPFO.
Is this true?
I am a person with no knowledge of Indian Labour and Industrial relations laws. So please guide.
Thanks in advance
Regards
VG