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EPF - what is the benefit and risk factors involved in it and how to calculate contribution? - CiteHR

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RAJALAXMI BEHERA
I am working as HR in a newly setup company, and for EPF registration our lawyer advice to do the registration with 10 -12 employees.So request you to suggest what is the benefit and risk factors involved in it and how to calculate contribution for this registration.
From India, Bhubaneswar
praveen446
129

Hi Rajalaxmi,
PF is applicable once you cross 19 employees, however you can opt for voluntary PF code. There is no risk, since it is a social security benefit to employees. Every month you need to generate ECR and pay the contribution within due date.
Call or revert for any assistance.

From India, Bangalore
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