I am owner of a Small Manufacturing Unit, PROVIDEND FUND is levied from past 15 years.
Earlier I had a work strenght of 15 labours including office staff, but now after recession and cut throat competition, some advancement in production, my work force has now reduced to 7-8 labours including Office staff from past 6-7 years.
Considering the Inflation and higher standard of living, the labours are now very much reluctant in deduction of P.F. and are arguing for abolition of P.F. from the organisation.
Can you please guide on this matter and help me terminate P.F. from my Organisation.
Earlier I had a work strenght of 15 labours including office staff, but now after recession and cut throat competition, some advancement in production, my work force has now reduced to 7-8 labours including Office staff from past 6-7 years.
Considering the Inflation and higher standard of living, the labours are now very much reluctant in deduction of P.F. and are arguing for abolition of P.F. from the organisation.
Can you please guide on this matter and help me terminate P.F. from my Organisation.