Hi, We are an IT company based in Gujarat. Now, we recently crossed the 20 employee mark and thus the management decided to start PF contribution.
As of today, NONE of our employees has a basic salary of less than Rs. 6500/-, except for a couple of trainees. But there are several employees whose Basic was less than Rs.6500/- at the time they joined (PF was not applicable at the time they joined) So, do we become liable to pay PF, if we register now?
As of today, NONE of our employees has a basic salary of less than Rs. 6500/-, except for a couple of trainees. But there are several employees whose Basic was less than Rs.6500/- at the time they joined (PF was not applicable at the time they joined) So, do we become liable to pay PF, if we register now?