Hello Dhruvin Sureliya,
Every establishment that is a factory engaged in any industry with 20 or more persons employed and a basic salary of less than 6500 Rs. per month is required to be registered with the PROVIDENT FUND (PF).
Breakup of Provident Fund Contribution Payment:
1. EPF employers 12% + employees 3.67% = 15.67 %
For more details, you can contact Mr. Sanjeev Kumar for the registration of company PF and ESI. Mr. Sanjeev Kumar is the CEO and Director of KPS Corporate Consultant Pvt Ltd.
Address: 806, 8th Floor Aggarwal Cyber Plaza - 1, Netaji Subash Place, 110034
Mobile: 098 11 137883
From India, Delhi
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2Every establishment that is a factory engaged in any industry with 20 or more persons employed and a basic salary of less than 6500 Rs. per month is required to be registered with the PROVIDENT FUND (PF).
Breakup of Provident Fund Contribution Payment:
1. EPF employers 12% + employees 3.67% = 15.67 %
For more details, you can contact Mr. Sanjeev Kumar for the registration of company PF and ESI. Mr. Sanjeev Kumar is the CEO and Director of KPS Corporate Consultant Pvt Ltd.
Address: 806, 8th Floor Aggarwal Cyber Plaza - 1, Netaji Subash Place, 110034
Mobile: 098 11 137883
From India, Delhi
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Dear KpsCorporates, Do you mean to say if all the 20 or more persons are drawing salary more than Rs.6500/- per month, there is no need to register with PF?
From India, Mumbai
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From India, Mumbai
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Dear Keshav Korgaonkar,
I want to clarify that every establishment, which is a factory engaged in any industry specified in schedule 1 and in which 20 or more persons are employed, falls under the purview of the act. Additionally, any other establishment employing 20 or more persons, which the central government may specify by notification, is also covered. Furthermore, any establishment employing even fewer than 20 persons can be covered voluntarily under Section 1(4) of the act.
It is important to note that PF registration requirements are based on the number of employees in your establishment, and the contribution amount depends on your basic salary.
Thanks & Regards,
KPS Consultants
Payroll by KPS: India's Leading Labour Law Management Services, Payroll Outsourcing, Payroll Solutions, Corporate Consultants Company in India, Time and Labor Management, Payroll and Tax | KPS Payroll. www.kpspayroll.com
From India, Delhi
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I want to clarify that every establishment, which is a factory engaged in any industry specified in schedule 1 and in which 20 or more persons are employed, falls under the purview of the act. Additionally, any other establishment employing 20 or more persons, which the central government may specify by notification, is also covered. Furthermore, any establishment employing even fewer than 20 persons can be covered voluntarily under Section 1(4) of the act.
It is important to note that PF registration requirements are based on the number of employees in your establishment, and the contribution amount depends on your basic salary.
Thanks & Regards,
KPS Consultants
Payroll by KPS: India's Leading Labour Law Management Services, Payroll Outsourcing, Payroll Solutions, Corporate Consultants Company in India, Time and Labor Management, Payroll and Tax | KPS Payroll. www.kpspayroll.com
From India, Delhi
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Dear KPS Consultants,
Thank you for correcting yourself. May I further request your valuable input in the link/thread provided below:
https://www.citehr.com/466592-deduction-salary.html
From India, Mumbai
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Thank you for correcting yourself. May I further request your valuable input in the link/thread provided below:
https://www.citehr.com/466592-deduction-salary.html
From India, Mumbai
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Dear KPS Consultants,
Kindly ignore the above link, which was wrongly posted. The correct link is as follows:
https://www.citehr.com/466592-deduction-salary.html
From India, Mumbai
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Kindly ignore the above link, which was wrongly posted. The correct link is as follows:
https://www.citehr.com/466592-deduction-salary.html
From India, Mumbai
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