I am running a small software services company with about 15 people. Soon we would be growing to over 20 employees, and we need to go for EPF registration. I am considering the following options:
Option 1: Go now for EPF registration as a voluntary contribution (as everyone in my company is ready to contribute). Then add new people as and when they join.
Option 2: Wait until the employee strength becomes 20 and then go for EPF registration.
Experts, please give your valuable guidance on which option to choose. Also, if I choose option 1 and we grow to more than 20 people at a later date, what do I need to do?
From India, Mumbai
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2Option 1: Go now for EPF registration as a voluntary contribution (as everyone in my company is ready to contribute). Then add new people as and when they join.
Option 2: Wait until the employee strength becomes 20 and then go for EPF registration.
Experts, please give your valuable guidance on which option to choose. Also, if I choose option 1 and we grow to more than 20 people at a later date, what do I need to do?
From India, Mumbai
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Hi there,
Even if the employee strength is less than 20, you can have voluntary registration. Once the employee strength reaches 20 and above, there are no changes. You can simply continue to add them to the contribution list and contribute for the employees who join.
Thank you.
From India, Bangalore
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Even if the employee strength is less than 20, you can have voluntary registration. Once the employee strength reaches 20 and above, there are no changes. You can simply continue to add them to the contribution list and contribute for the employees who join.
Thank you.
From India, Bangalore
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Hi Jeeva hope your doing good As you have told in the above discussion if the strength of employee is less than 20 we can go for voluntary registration the terms & condition will be the same ??
From India, Bangalore
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From India, Bangalore
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