P F Registration & Compliance

The standard deduction rate for PF requires that the employer and employee each contribute 12% as part of the employee's retirement chest. However, the Government allows employers to limit their contribution to a fixed amount of ₹15,000 of the basic pay for employees drawing a higher paycheck.
PF registration is mandatory for all establishments with 20 or more persons, if the establishment has fewer than20 employees still a PF registration would be required. The employee can become eligible for PF right from the commencement of the employment and onus of deduction and PF payment is with the employer.