Can you please guide me whether a company need to register for EPF? Below are the facts.
Company is into e-Commerce. Currently having less than 20 Employee. All employee’s Basic plus DA is 15K plus,
expecting 20 plus employees in near future. Whether company needs to register for EPF once number of employee reach to 20 or is there any way to by which company don’t have to register even number of employee are more than 20?
Ashish-There is no rule to escape. Once the employees strength reaches to 20, then you must register for EPF and provide the benefit to employees.
dear Sir , Thanks for your prompt reply, I was been told by some one that , if we take a declaration from employee’s that they do not want to go for PF deduction as their Basic & DA above 15K, since all employee have BASIC & DA more then 15K, company will not fall in threshold limit of 20 employee, even number of employee are more then 20.
Ashishca-Any reference guidelines on this? In my view it is NO.