Dear yedol,
Here is the correct answer for you.
To your company PF Act is applicable from the date you have total 20 and more employees on roll, even on single day, irrespective of salary limit.
Employees those who have basic & DA more than Rs. 6500/- can be excluded from PF under certain circumstances. Suppose all the employees are in the excluded category, then also you are liable to obtain PF Code and make remitance of Rs. 7/- every month.
This topic is discussed earlier many times. You are requested to do research of same. You can get on research the Form 11 and an undertaking from excluded employees. If you do not get it, please hire my services on commercial contract. I can guide you on many things which are applicable to you, not limiting to PF only.
Here is the correct answer for you.
To your company PF Act is applicable from the date you have total 20 and more employees on roll, even on single day, irrespective of salary limit.
Employees those who have basic & DA more than Rs. 6500/- can be excluded from PF under certain circumstances. Suppose all the employees are in the excluded category, then also you are liable to obtain PF Code and make remitance of Rs. 7/- every month.
This topic is discussed earlier many times. You are requested to do research of same. You can get on research the Form 11 and an undertaking from excluded employees. If you do not get it, please hire my services on commercial contract. I can guide you on many things which are applicable to you, not limiting to PF only.