Epf

This query is : Resolved

Santosh Pandey (Querist)
Follow

11 April 2018 Dear All

What is the current threshold limit of number of employees to take mandatory registration for EPF

Also is the current threshold limit of "Basic Salary+DA" for EPF deduction and deposition.

Providing some notification would be much appreciated.

Regards

Jatin Bajaj

Jatin Bajaj (Expert)
Follow

16 April 2018 Every employee who has basic salary upto Rs. 15000, then he is mandatory entitled for deduction of PF. But if the employees basic salary is more than 15000, then he may voluntarily apply for PF deduction.
However to choose weather to be the member of PF depends on initial stage of job. once you will become the member of the EPFO then it is neccessary to deduct PF.
However it is better to be the part of EPF as it would help in retirement plans. However non deducting of PF would increase in hand salary of employee but on the other hand would increase the tax burden as employee would have to pay more tax

Santosh Pandey

Santosh Pandey (Querist)
Follow

16 April 2018 Thanks for the reply
Please also let me know what is current requirement of number of employees to be registered under PF Act

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now