Dear Sir/Madam,
Could any one of you tell me whether an M.N.C (having its headquarters in the USA) in India, which is registered under STPI, needs to facilitate P.F. contributions to their employees or not. Please make me aware of this point.
Thanks & Regards,
Srikanth.D
From India, Hyderabad
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Could any one of you tell me whether an M.N.C (having its headquarters in the USA) in India, which is registered under STPI, needs to facilitate P.F. contributions to their employees or not. Please make me aware of this point.
Thanks & Regards,
Srikanth.D
From India, Hyderabad
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Contribution to a Provident Fund plan is mandatory for a company having more than 20 employees. Both the employee and the employer must each pay an amount equal to 12% of a portion of the employee's base compensation into the Provident Fund plan.
No compnay is exempted to this including STPI registered IT Units.
Regards / Chennai.Ibrahim
From India, Hyderabad
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35No compnay is exempted to this including STPI registered IT Units.
Regards / Chennai.Ibrahim
From India, Hyderabad
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PF is applicalble as your company number of employees reaches 20 pf is mandatory Regards Chandrakant Vishwakarma 9820592842 ( PF, ESI , Contract labour & Other Labour Law Consultant)
From India, New+Delhi
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From India, New+Delhi
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PF is mandatory to all companies which has a total manpower of 20 or more employees as per PF Act.
From India, Bangalore
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From India, Bangalore
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Dear Friends,
Thanks to all who responded to my email and took the time to address the subject. I have a good understanding of statutory obligations, having gained 5 years of experience in manufacturing companies dealing with core HR activities. However, I recently joined a software company where there is no subscription to the P.F.
I have heard that most software companies under 5 years of age are exempt from paying P.F. if they are registered with the Software Technology Park of India (STPI). Many have informed me that software companies in Hyderabad often do not subscribe to P.F. as they are considered exempt establishments.
I would appreciate it if someone could provide me with substantial information to help me make an informed decision regarding P.F. subscriptions for my company.
Thanks & Regards,
Srikanth.D
From India, Hyderabad
Acknowledge(0)Amend(0)
Thanks to all who responded to my email and took the time to address the subject. I have a good understanding of statutory obligations, having gained 5 years of experience in manufacturing companies dealing with core HR activities. However, I recently joined a software company where there is no subscription to the P.F.
I have heard that most software companies under 5 years of age are exempt from paying P.F. if they are registered with the Software Technology Park of India (STPI). Many have informed me that software companies in Hyderabad often do not subscribe to P.F. as they are considered exempt establishments.
I would appreciate it if someone could provide me with substantial information to help me make an informed decision regarding P.F. subscriptions for my company.
Thanks & Regards,
Srikanth.D
From India, Hyderabad
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Provident Fund - Excluded Employee - Definition.pdf