Dear Sir,
It is a new company. we have 25 No. of employees. out of 25 employees 10 employee's basic salaries crassed the RS.6500/-. Is there any statutary requirement to cover PF Act for remining 15 no. of employees ie (total employees No.25 - exempted employees No. 10).
Pl. advice.
From India, Bangalore
2It is a new company. we have 25 No. of employees. out of 25 employees 10 employee's basic salaries crassed the RS.6500/-. Is there any statutary requirement to cover PF Act for remining 15 no. of employees ie (total employees No.25 - exempted employees No. 10).
Pl. advice.
From India, Bangalore
Dear all,
It is a new company. we have 25 No. of employees. out of 25 employees 10 employee's basic salaries crassed RS.6500/-. Is there any statutary requirement to cover PF Act for remining 15 no. of employees ie (total employees No.25 - exempted employees No. 10).
Is there any obligation to get PF code for the organisation?
please advice in this regard.
regards
From India, Bangalore
It is a new company. we have 25 No. of employees. out of 25 employees 10 employee's basic salaries crassed RS.6500/-. Is there any statutary requirement to cover PF Act for remining 15 no. of employees ie (total employees No.25 - exempted employees No. 10).
Is there any obligation to get PF code for the organisation?
please advice in this regard.
regards
From India, Bangalore
Yes, you have to cover 15 employees under PF Act effecting from the date when total no. of employees crossed 19. Regards, Jony_M
From India, New Delhi
From India, New Delhi
Dear W.O.
It is mandatory for your company to cover it under the provisions of EPF & MP Act,1952 as soon as 19 or more employee employed in the company it stand covered with same effect statutorily even if there are excluded employees in the company. but out of 25 emp. 15 shall be entitled the benefit of EPF/EPS.
So, hurry and get questionnaire from the related regional PF office and get it covered at the earliest to avoid further legal consequences.
Reagards,
KIRAN KALE
From India, Kolhapur
It is mandatory for your company to cover it under the provisions of EPF & MP Act,1952 as soon as 19 or more employee employed in the company it stand covered with same effect statutorily even if there are excluded employees in the company. but out of 25 emp. 15 shall be entitled the benefit of EPF/EPS.
So, hurry and get questionnaire from the related regional PF office and get it covered at the earliest to avoid further legal consequences.
Reagards,
KIRAN KALE
From India, Kolhapur
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Coverage of construction & contact workers under PF 22.1.2015.pdf
Coverage of Construction Labour under PF letter of 15 O-page-001.jpg