Hi,
Recently i got an offer from a start-up company. While going through the offer, i noticed that there was no mention of PF contribution from the company. To this I had a discussion with the company official. During the discussion it was mentioned the company will not be contibuting to PF of the employee.
However, during the discussion they had also mentioned that by Jan 2012 they are planning to start the business and for this they are planning to recruit 50 odd employees.
Now as per PF act, a compay with employee strenght of 20 has to be registered at PF offce and has to contribute to Employees PF.
Am really surprised what to do? In which scenarios company are get away without paying PF? is there any rule where a company is registered in TN or Pondicherry can get away with the PF act?
Please help me understand the PF rules.
Best Regards,
Recently i got an offer from a start-up company. While going through the offer, i noticed that there was no mention of PF contribution from the company. To this I had a discussion with the company official. During the discussion it was mentioned the company will not be contibuting to PF of the employee.
However, during the discussion they had also mentioned that by Jan 2012 they are planning to start the business and for this they are planning to recruit 50 odd employees.
Now as per PF act, a compay with employee strenght of 20 has to be registered at PF offce and has to contribute to Employees PF.
Am really surprised what to do? In which scenarios company are get away without paying PF? is there any rule where a company is registered in TN or Pondicherry can get away with the PF act?
Please help me understand the PF rules.
Best Regards,