Provident fund

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 April 2013 I HAVE A rice mill operating in a village. PF is applied on my co but my employees are labourers they are not ready for pf so in the initial years i have made 24% contribution from my side but its not a long term solution.. Please help me in this situation

C A S.S.Agarwal, M.Com.,LL.B,

C A S.S.Agarwal, M.Com.,LL.B, (Expert)
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01 July 2013 Reduce the number of employees below the required limit of PF but once you are registered with PF you have to continue for it. You have to make your workers to understand the matter and tell them it is their savings and they can withdraw the same as and when they are in need of money. I think they will understand.