29 November 2017
Is pension and PF provision applicable in case of an employee employed in a partnership firm drawing salary of Rs. 11 LAKHS , where the firm has not employed 10 employee.? Please state the provision.
29 November 2017
PF & Pension provisions are not applicable in case number of employees are less than 10 in an organization. The status of organization is immaterial. In case all the employees are drawing salary of more than Rs.15,000 p.m and number of employees are more than 10, even then the organization is required to get itself registered only and is not required to contribute PF. In that case very nominal annual charges are to be paid and nothing else is to be done.
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