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.?

From India, Pune
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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