There are more than twenty employee in a Pvt. Ltd. Company but, the basic salary of all of them is more than 6500/-.
Is there any requirment to registered the company under PF Act?
8 Replies
CA GIRISH
(Chartered Accountant)
(1796 Points)
Replied 11 January 2010
Yes jyoti since your company employs more than 20 employees Pf is applicable .
Jyoti Malik
(ACCOUNTANT)
(2644 Points)
Replied 11 January 2010
Thanks Girish.
But what about the deduction of PF from employees salary.?
If there is no PF Deduction, No deposition so how can we file the return.
CA Ayush Agarwal
(Kolkata-Pune-Mumbai)
(27186 Points)
Replied 11 January 2010
If there is no PF deduction...................then NIL return may be filed...........
Jyoti Malik
(ACCOUNTANT)
(2644 Points)
Replied 11 January 2010
Hi Ayush
It means we have to registered ourself with PF Department and file NIL returns.
CA Ayush Agarwal
(Kolkata-Pune-Mumbai)
(27186 Points)
Replied 11 January 2010
| Originally posted by : Jyoti Malik | ||
 |
Hi Ayush It means we have to registered ourself with PF Department and file NIL returns. |
 |
yA.OFFCOURSE.....IF UR LIABLE TO DEDUCT PF THEN U HAV TO DEDUCT..............THAT CLEAR THE CRITERIA OF RS. 6500/-
Venkatesh
(Financial Data Analyst Tax Planner Insurance Advisor)
(192 Points)
Replied 11 January 2010
Hi Ayush,
Although at present you have not deducted PF from employees, it will be the liability on company to deduct the PF and remit the same to PF department at the time of registration or after that, since the no of employees have crossed 20 or is 20.
Hope, you can deduct the PF amount from employees in instalments for the previous not deducted months.
If the no of employees are 20 in April and again in May the number reduces to 19, even then the PF is applicable.
kapil kakra
(Article Clerk)
(43 Points)
Replied 12 January 2010
yes u need to be registered with pf provided ur pf contribution shall be computed on a max of 6500 salary
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