I have following doubts to clarify. Experts please clarify my doubts.
1. Is it mandatory that the Company has to be in existence for 3 years to register for PF? I want to know is there any fixed time period for company to register for PF after its incorporation?
2. Suppose an employee having the basic pay Rs.5000 at the start and crosses the ceiling limit of Rs.6500 in the coming year, Can the employer decide to cease the PF privilege?
Please clarify these doubts,
Thanks and regards,
Shijit.
1. Is it mandatory that the Company has to be in existence for 3 years to register for PF? I want to know is there any fixed time period for company to register for PF after its incorporation?
2. Suppose an employee having the basic pay Rs.5000 at the start and crosses the ceiling limit of Rs.6500 in the coming year, Can the employer decide to cease the PF privilege?
Please clarify these doubts,
Thanks and regards,
Shijit.