I want to know whether provident fund is applicable for a company below 20 staffs in chennai.
From India, Chennai
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From India, Chennai
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It is not mandatory but if you are willing for coverage you can avail voluntary contribution
From India, Bangalore
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653From India, Bangalore
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Dear Srikant,
Though the "Employees Provident Funds and Miscellaneous Provisions Act, 1952" is applicable where twenty or more persons are employed, Section 1(4) of the Act provides that where the employer and the majority of employees of the establishment have agreed, they can approach the commissioner under the Act for such coverage even if there are below 20 employees.
BS Kalsi, Member since August 2011
From India, Mumbai
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Though the "Employees Provident Funds and Miscellaneous Provisions Act, 1952" is applicable where twenty or more persons are employed, Section 1(4) of the Act provides that where the employer and the majority of employees of the establishment have agreed, they can approach the commissioner under the Act for such coverage even if there are below 20 employees.
BS Kalsi, Member since August 2011
From India, Mumbai
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Provident Fund - Excluded Employee - Definition.pdf
What is Employee Provident Fund.docx