Hi Rekha,
I am the first person to join HR in my company and I just want to know what the procedure is for PF if the employees are less than 20 members. We would like to enroll in PF, so kindly let me know what the procedure is to get into PF.
Regards, Rekha
From India, Madras
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1I am the first person to join HR in my company and I just want to know what the procedure is for PF if the employees are less than 20 members. We would like to enroll in PF, so kindly let me know what the procedure is to get into PF.
Regards, Rekha
From India, Madras
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Hi Rekha,
Actually, the rule states that if you have fewer than 20 employees, you have nothing to worry about regarding PF. However, if it exceeds 20, it is compulsory for every employee. If you need any detailed information, I will provide that to you. You can revert back to me with your inquiries.
Regards,
Ankit
From India, Pune
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Actually, the rule states that if you have fewer than 20 employees, you have nothing to worry about regarding PF. However, if it exceeds 20, it is compulsory for every employee. If you need any detailed information, I will provide that to you. You can revert back to me with your inquiries.
Regards,
Ankit
From India, Pune
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Hi! You can opt for the PF under a voluntary coverage. You need to first fill the PF form with all the required information. Next, you must apply to the regional PF commissioner for the PF code and also inform a designated person who will be authorized for correspondence and challenges from your end. Once you receive the PF code, you can begin deducting the amount. I hope this clarifies your query. Regards, EAFIL
From India, Delhi
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From India, Delhi
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Dear Eafil,
Thank you for the valuable information. I just need some more clarifications. How are PF numbers given? Are they provided by the PF department, or can the company allocate the PF numbers? In our company, we assign the numbers ourselves to new employees in a sequential continuation from the numbers already allocated to employers. For instance, we use formats like DL/PF Code/001 or DL/PF Code/002 in continuation. I would like to confirm whether our current practice is correct or incorrect.
Regards,
Monica
From India, Delhi
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Thank you for the valuable information. I just need some more clarifications. How are PF numbers given? Are they provided by the PF department, or can the company allocate the PF numbers? In our company, we assign the numbers ourselves to new employees in a sequential continuation from the numbers already allocated to employers. For instance, we use formats like DL/PF Code/001 or DL/PF Code/002 in continuation. I would like to confirm whether our current practice is correct or incorrect.
Regards,
Monica
From India, Delhi
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Dear Monica, what you are doing is correct, we have to take permission from PF office that we are having these many branches, we will allot the numbers from this number to this number. AJAY
From India, Hyderabad
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From India, Hyderabad
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Mr. Ajit,
I think your opinion is wrong. We never require permission for granting PF numbers (A/c. numbers) to employees. Also, there is no requirement for intimation of branches to the PF office (except in the coverage proforma).
However, Monica is following the right practice.
Regards,
Prashant Patil
From India, Nagpur
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I think your opinion is wrong. We never require permission for granting PF numbers (A/c. numbers) to employees. Also, there is no requirement for intimation of branches to the PF office (except in the coverage proforma).
However, Monica is following the right practice.
Regards,
Prashant Patil
From India, Nagpur
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Provident Fund - Excluded Employee - Definition.pdf