Hi, I am working as an HR Executive in an IT firm with a total of around 300 employees globally across 7 international locations. Currently, in our India location, the management wants to enroll all employees in PF benefits, but the total headcount in the India branch is only 14. Our India branch has been operating since 2010, and many employees have been hired and left during this period, but at no point has the total headcount exceeded 20 employees. The criteria for enrolling a company for PF benefits is a minimum of 20 employees. In the current situation, can I enroll our company (India branch) for PF benefits with only 14 employees? If yes, how can this be done?
From India, Trivandrum
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1From India, Trivandrum
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Hi, Please study about the PF Applicability It says that 20 or more than 20 employes then you can enroll, Now present situation with 14 Employes NO, U CAN’T
From India, Mumbai
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From India, Mumbai
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I have recently found that "ANY ESTABLISHMENT EMPLOYING EVEN LESS THAN 20 PERSONS CAN BE COVERED VOLUNTARILY UNDER SECTION 1 (4) OF THE ACT" for enrolling PF benefits. Can anybody who knows about this guide me through the exact procedure?
From India, Trivandrum
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From India, Trivandrum
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Hi Priyanka,
As you mentioned, maybe you are referring to VPF (Voluntary Provident Fund). In this scheme, employees can contribute individually, and there is no contribution from the employer. The interest rate is 8.5% per annum, and there is no limit on employee contributions.
From India, Mumbai
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As you mentioned, maybe you are referring to VPF (Voluntary Provident Fund). In this scheme, employees can contribute individually, and there is no contribution from the employer. The interest rate is 8.5% per annum, and there is no limit on employee contributions.
From India, Mumbai
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HC All - Trainees not covered for PF -2010.pdf
PF Ledger.xls