HI,
ours is a software company having employees more than twenty. But there are only two three employees whose Basic Pay plus DA is less than 6500. So can anybody help me in finding the answer whether its mandetory for us to get registered at EPFO. if no then its fine anf if its yes then whats the process to get out company exempted from this act. As now a days employees prefer money in their hand and want to invest at their own interest, instead of going for old fashioned investment plans.
Thanks,
Rajesh Chhikara
From India, New Delhi
ours is a software company having employees more than twenty. But there are only two three employees whose Basic Pay plus DA is less than 6500. So can anybody help me in finding the answer whether its mandetory for us to get registered at EPFO. if no then its fine anf if its yes then whats the process to get out company exempted from this act. As now a days employees prefer money in their hand and want to invest at their own interest, instead of going for old fashioned investment plans.
Thanks,
Rajesh Chhikara
From India, New Delhi
If the employees exceed 20 your establishment should get registered under the EPF. Since the Act doesnot make it mandatory for those drawing more than Rs 6500 AT THE TIME OF JOINING the establishment or as on the DATE OF ENFORCEMENT of EPF to the establishment by means of number of employees exceeding the prescribed limit of 20, to be members of the EPF, contributions, returns etc in respect of such two three employees need only be furnished.
For details regarding registration etc, please visit the Employees Provident Fund Organisation's website or your nearest office of either the Enforcement Officer or Asst. Commissioner of Provident Funds ( Sub Regional Office of EPFO)
Regards,
Madhu.T.K
From India, Kannur
4193For details regarding registration etc, please visit the Employees Provident Fund Organisation's website or your nearest office of either the Enforcement Officer or Asst. Commissioner of Provident Funds ( Sub Regional Office of EPFO)
Regards,
Madhu.T.K
From India, Kannur
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Company Profile.ppt