Dear All
We are a Proprietary Concern & Now we are suppose to raise our man power from 15 to 25 employee. I have heard that from 20 employee onward PF is compulsory. I would like to know about basic liability for provident fund, Is it compulsory or optional.?
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Pf liability is mandatory if the employee is crossed 20 of above.
total 12% of EMPLOYEES Basic Pay + D.A
Employers Share 12%
other charges 1.67%
you have to pay over and above to maintain various registers as per the provisions of EPF ACt.
feel free to ask any clarification.
Adv.Kishor Goswami (Sr. Lawyer)
(Mumbai )
(Labour Law & Legal Consultants)
Mob :- 09324338587
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