No it is not the right way... PF is not optional, it is a mandatory statutory deduction form Employee Salary and also mandatory for pay Employers Contribution from Employers end. When your Employee Strength is crossed 19 from that particular month you are liable to comply as per EPF & MP ACT 1952. It is mandatory for all establishment whose Employee strength is 20 or more.
From India, Kolkata
From India, Kolkata
I have a doubt, till now my company was not having PF and only PT was getting deducted, but know they want me to start up with PF so how will i do salary breakup as there is no other deduction done. Kindly help me with solution.
Regards,
Sonal Gupta
From India, Nashik
Regards,
Sonal Gupta
From India, Nashik
This scheme applies to all companies or establishment, which employs 20 or more than that. Do remember that once the employees’ strength reaches to 20 or more then irrespective of employee strength (whether fall or rise) the company must continue with this scheme. However, suppose company or establishment stopped its operation or continue without any employee then in that case this scheme not applicable. In addition, employee if considered as trainee or apprentice will not be covered under this act.
From India, Faridabad
1From India, Faridabad
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SALARY with out PF Deduction.xls
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