Provident Fund Applicability

This query is : Resolved 

07 May 2010

a Company is employed more than 20 employees however not registered with Provident Fund Act. The understanding is since all the employees earning more than the limit of Rs.6500/- thus PF is not applicable. Thus no deduction from employee and employer contribution is required.

Is this is right. Is the Act permits?
If No? what are penalities company may face.

Gajendra R. Tiwari (Expert)
07 May 2010

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