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).
CAclubindia
