Provident Fund
This query is : Resolved
11 August 2009
Dear Sirs,
As per the latest rules a company that has less than 20 employees are exempt from deducting and remitting Provident Fund.
My query is when this company increases its strength to more than 20 employees after a period of 4 years, will the liability to pay PF be with restrospective effect (from the beginning) or prospective effect (from the date of increase in strength).
Regards
S. Anand
As per the latest rules a company that has less than 20 employees are exempt from deducting and remitting Provident Fund.
My query is when this company increases its strength to more than 20 employees after a period of 4 years, will the liability to pay PF be with restrospective effect (from the beginning) or prospective effect (from the date of increase in strength).
Regards
S. Anand
11 August 2009
prospective effect (from the date of increase in strength).
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