In our company, the total number of employees is 32. All are employed on a consolidated salary basis. Out of these 32 employees, only one employee's salary is Rs. 14,000/- per month. All others earn more than Rs. 15,000/-. The company has not yet registered with EPFO.
Questions:
1. Whether the provisions of the EPF & MP Act, 1952 are applicable to the company, and should it register with EPFO?
2. If the answer to question 1 is yes, will all employees receive EPF from the company, or only the one employee with a salary of Rs. 14,000/- per month?
From India, Kolkata
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Questions:
1. Whether the provisions of the EPF & MP Act, 1952 are applicable to the company, and should it register with EPFO?
2. If the answer to question 1 is yes, will all employees receive EPF from the company, or only the one employee with a salary of Rs. 14,000/- per month?
From India, Kolkata
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Dear Jatin,
Remember, as per the government notification, EPFO is applicable to companies with a staff strength of 10 or more employees. In this case, your company needs to be registered with EPFO. The minimum deduction for EPF eligibility is a basic salary of ₹15,000. Therefore, one of your employees, whose salary is ₹14,000 per month, is also eligible.
Please ensure compliance with EPFO regulations for all eligible employees.
Thank you.
From India, Hyderabad
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15Remember, as per the government notification, EPFO is applicable to companies with a staff strength of 10 or more employees. In this case, your company needs to be registered with EPFO. The minimum deduction for EPF eligibility is a basic salary of ₹15,000. Therefore, one of your employees, whose salary is ₹14,000 per month, is also eligible.
Please ensure compliance with EPFO regulations for all eligible employees.
Thank you.
From India, Hyderabad
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EPFO registration is mandatory for you, my dear.
If the establishment has no contributory member in the month, the minimum administrative charge will be Rs 75/-
If the establishment has no contributory member in the month, the minimum administrative charge will be Rs 25/-
From India, Mumbai
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If the establishment has no contributory member in the month, the minimum administrative charge will be Rs 75/-
If the establishment has no contributory member in the month, the minimum administrative charge will be Rs 25/-
From India, Mumbai
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EPF registration is necessary once you cross the age of 19. It is irrelevant whether only one person is receiving a salary below Rs. 15,000 while others earn above Rs. 15,000. You may cover all persons, but contributions can be restricted up to a salary of Rs. 15,000 or the actual salary if it is less.
From India, Kolhapur
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From India, Kolhapur
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In an educational trust, there are 16 permanent teaching staff members, 4 trustees, and 6 daily wage workers rendering their services. The teachers' salaries are based on their experience levels. Five teachers receive 10000 per month, four receive 9000 per month, and seven receive 7500 per month. Three trustees are compensated with 5000 for managing the trust, while one receives 20000.
Is it mandatory for this trust to have EPF? If employees do not agree to contribute to their PF but the trust is willing to cover their contribution, how can these grievances be resolved?
From India
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Is it mandatory for this trust to have EPF? If employees do not agree to contribute to their PF but the trust is willing to cover their contribution, how can these grievances be resolved?
From India
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Registration for EPF-Procedures & documents.docx
EPF registration Procedure.pdf
Employee Salary file - India 2016 AB.xls