Hi Team Greetings!
I'm recently looking after the HR payroll for an E-commerce Company in Coimbatore, Tamil Nadu, India. They have an office in Coimbatore with 15 employees currently working. My query is whether Provident Fund (PF) is mandatory for the company to provide, even if it is eligible for PF, or if I can be exempt from providing PF to employees. Employees have no issue with not receiving PF. Please help me understand this. Thanks.
Gaby HR
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1I'm recently looking after the HR payroll for an E-commerce Company in Coimbatore, Tamil Nadu, India. They have an office in Coimbatore with 15 employees currently working. My query is whether Provident Fund (PF) is mandatory for the company to provide, even if it is eligible for PF, or if I can be exempt from providing PF to employees. Employees have no issue with not receiving PF. Please help me understand this. Thanks.
Gaby HR
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Hi, If your Organisation comes under purview of PF then PF deduction is compulsory. Choice of employees has no value here.
From India, Madras
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From India, Madras
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Thank You, Ms. Vmlakshminarayanan May I please know whether PF should be provided for 15 employees or 20 employees? Gaby
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Organizations with 20 or more employees are required by law to register for the EPF scheme, while those with fewer than 20 employees can also register voluntarily.
From India, Rudarpur
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From India, Rudarpur
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Hi, As per PF Act PF is compulsory for Organizations employing 20 or more employees.
From India, Madras
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From India, Madras
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What form are we supposed to fill if we would like to exempt any employee from PF?
From India, Ahmedabad
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From India, Ahmedabad
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Hi,
If your company is not covered under PF, there is no need to obtain any forms from employees. However, after the commencement of PF, if any employee is exempted from PF and their PF wages are above ₹15,000, and they were not covered with their last employer, for such cases, you can obtain PF Form 11.
From India, Madras
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If your company is not covered under PF, there is no need to obtain any forms from employees. However, after the commencement of PF, if any employee is exempted from PF and their PF wages are above ₹15,000, and they were not covered with their last employer, for such cases, you can obtain PF Form 11.
From India, Madras
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Employee Provident Fund and MP Act, 1952.pdf
Provident Fund Act.ppt