Employee provident fund

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Querist : Anonymous

Querist : Anonymous (Querist)

22 October 2012 What about your views if EPF Act is applicable on 10 employees instead of 20? Its beneficial or not?

@VaibhavJ

@VaibhavJ (Expert)
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22 October 2012 Hi

What I feel not to have any limit on employee count..

But there is limit i guess because admin cost would be high for PF.

Rgds
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CA BHARATH KUMAR

CA BHARATH KUMAR (Expert)
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22 October 2012 its expense to company. so its only for 20 or aabove

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Querist : Anonymous

Querist : Anonymous (Querist)

23 October 2012 Firstly thanks for your response

But i think you look only one face of coin..
If you are thinking employee point of view or country revenue point of view, it's a very helpful and good sir.

Ajay Mishra

Ajay Mishra (Expert)
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23 October 2012
As per EPF Act, 1952, the provision of section such Act will not apply to establishment employing less than twenty persons.

@VaibhavJ

@VaibhavJ (Expert)
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23 October 2012 Hey,

Do you know how much idle money is lying with PF dept idle, neither employee is aware that it their monet nor PF dept tried contacting employee to collect the same.

And after some time they stop paying Interest on the deposits.

Rgds//Vaibhav
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Querist : Anonymous

Querist : Anonymous (Querist)

23 October 2012 Dear Ajay Sir,
I know that as per the provision this is applicable when 20 or more person employed in any establishment..But here i want to know your opinion if the act is applicable on 10 instead of 20..

Querist : Anonymous

Querist : Anonymous (Querist)

23 October 2012 Dear Vaibhav,
I know that some employees are not aware the withdrawing procedure of epf but here question is not that howmuch money is lying idle in PF Account?
Dear i want to know your opinion and why are you said that epf should not applicable on 10 people? only your opinion Sir..

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Querist : Anonymous

Querist : Anonymous (Querist)

23 October 2012 Dear Bharat Kumar Sir,
How can you say that this is the expense for the company?
It's the facility which is given by the company to employee for more encourage his work..
Its the beneficial for company because employee is motivate with regards your work...
If you said this is expense than salary is also expense sir..

@VaibhavJ

@VaibhavJ (Expert)
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23 October 2012 Hi

As i alredy said there should be no limit however lower limit is also OK..

Rgds//Vaibhav
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Querist : Anonymous

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25 October 2012 Dear vaibhav,
I need a specific reason if you said lower limit is also ok? and viceversa

@VaibhavJ

@VaibhavJ (Expert)
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25 October 2012 hi

10 is ok.

Rgds//Vaibhav
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@VaibhavJ

@VaibhavJ (Expert)
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25 October 2012 hi

If it is beneficial to employee above 10, then why an individial should deprive of benefit simply because no. of employee is belowe threshhold limit.

Rgds//Vaibhav
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Querist : Anonymous

Querist : Anonymous (Querist)

31 October 2012 Dear sir,
I need a specific reason..