Ranjeet Singh
(Corporate Law Matters & Taxation)
(565 Points)
Replied 03 January 2019
Applicability of Provident Fund depends upon the Firm in which the person is working. Generally, if an establishment employes 20 or more employees, It shall have to be registered mandatorily under epf scheme subject to some conditions.
Ranjeet Singh
(Corporate Law Matters & Taxation)
(565 Points)
Replied 03 January 2019
Minimum wages ceiling for mandatory EPF contribution is Rs. 21000 per month
Ranjeet Singh
(Corporate Law Matters & Taxation)
(565 Points)
Replied 03 January 2019
Pardon. Limit was supposed to increased to Rs. 21000 per month but not increased.
As of now, minimum wages ceiling is Rs. 15000 per month. So in your case epf is applicable.
https://www.ibtimes.co.in/bad-news-govt-not-raise-epf-cover-wage-limit-rs-21000-766778
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