Provident fund

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

08 December 2012 I am encountered with the following situation

1. Company started 4 years back and was working with 2 employees. In the last month 20 employees were appointed to expand the business.

2. Now the registration for PF is sought

3. Now the senior 2 employees wish to remit PF from starting of the financial year.

4. Whether it can be done?

5. If so what are the formalities?

@VaibhavJ

@VaibhavJ (Expert)
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08 December 2012 Hi

U need to have 20 eligible employees.

Eligible employees are those whose Basic + DA is Rs. 6500 or less.

No, PF can not be remit from the beginning, PF can be remitted only from that month in which company first time employs 20 eligible employees.

Thanks//Vaibhav
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