We are a new organization with about 35 employees. No one is earning less than ₹7,000 per month, and no employee is asking for Provident Fund (PF), nor have they had PF before.
Question About PF Registration
I understand that it is not mandatory to pay PF if the salary is above ₹6,500 and if the employee does not request it. However, do I still need to register for PF?
Someone told me that it costs about ₹30,000 for PF registration. Is this true?
Regards,
From India, Bangalore
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Question About PF Registration
I understand that it is not mandatory to pay PF if the salary is above ₹6,500 and if the employee does not request it. However, do I still need to register for PF?
Someone told me that it costs about ₹30,000 for PF registration. Is this true?
Regards,
From India, Bangalore
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If you register yourself for PF Registrations, the costs are "0," and all the applications you submit can be obtained free of charge from the PF office. If you go through a consultant, they may charge according to their discretion.
Suggestion: If you have employees covered under PF or not, you should register and file Nil Monthly Returns online.
From India, Hyderabad
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47Suggestion: If you have employees covered under PF or not, you should register and file Nil Monthly Returns online.
From India, Hyderabad
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In case the organization has 35 employees and no one is earning less than ₹15,000 per month, my question is whether we need to register for ESI. I am aware that it is not mandatory to pay ESI if the salary is above ₹15,000. Do we still need to register for ESI and file monthly returns?
Thank you.
From India, Coimbatore
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Thank you.
From India, Coimbatore
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Please refer to the FAQs at this link. The following categories are excluded from enrollment: individuals who are earning more than Rs. 6500 at the time of joining. An employee who was earning a lower amount when joining and whose pay subsequently increased to over Rs. 6500 is required to remain a member, regardless of their salary.
Therefore, if all my employees earn above Rs. 6500 per month and have never been enrolled in EPF before, I believe there is no need to enroll any of them.
From India, Bangalore
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Therefore, if all my employees earn above Rs. 6500 per month and have never been enrolled in EPF before, I believe there is no need to enroll any of them.
From India, Bangalore
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