We are an IT services company, with 12 employees. I need to know whether we have to enroll for EPF and deduct the same from the employees. The recent ammendment said that the min no of employees has been revised to 10 from the earlier 20, is that correct. Also the basic salary of only 6 of our employees is less than 6500/-. Do I still need to enroll for EPF?
From India, Bengaluru
From India, Bengaluru
Dear Arun, If i’m not wrong then limit for minimum employees 20 only and basic salary limit is 15000/- and not 6500/-. Thus you may need not to go for PF deduction.
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EPF ON LINE REGN. USER MANUAL.pdf