6 Questions
What is the minimum number of employees required for an employer to be eligible to register for the Provident Fund (PF) scheme?
20 employees
Which of the following employees is exempt from the PF scheme?
Employees in the Central Government establishments
What is the maximum salary per month for an employee to be eligible to join the PF scheme?
₹15,000
Can an employee earning above ₹15,000 per month join the PF scheme?
Yes, but they need to obtain a declaration from the employer
Which of the following types of employees are covered under the PF scheme?
All employees, including full-time, part-time, contract employees, apprentices, and trainees
Which of the following employees are not covered under the PF scheme?
Employees who are foreign nationals and are contributing to a social security program of their country of origin
Study Notes
Eligibility Criteria
Employer Eligibility
- An employer with 20 or more employees is eligible to register for the Provident Fund (PF) scheme.
- Employers with less than 20 employees can also register voluntarily.
Employee Eligibility
- All employees who draw a salary of up to ₹15,000 per month are eligible to join the PF scheme.
- Employees earning above ₹15,000 per month can also join the scheme, but they need to obtain a declaration from the employer and submit it to the PF authorities.
- The following employees are exempt from the PF scheme:
- Employees in the Central Government or State Government establishments.
- Employees in the railways or local authorities.
- Employees in the establishments exempted from the PF scheme by the Central Government.
Coverage
- The PF scheme covers all employees, including:
- Full-time employees
- Part-time employees
- Contract employees
- Apprentices
- Trainees
- The PF scheme does not cover:
- Employees who are foreign nationals and are contributing to a social security program of their country of origin.
- Employees who are not Indian citizens and are not employed in India.
Provident Fund (PF) Scheme Eligibility
Employer Eligibility
- Employers with 20 or more employees are eligible to register for the PF scheme.
- Employers with less than 20 employees can also register voluntarily for the PF scheme.
Employee Eligibility
- All employees earning a salary of up to ₹15,000 per month are eligible to join the PF scheme.
- Employees earning above ₹15,000 per month can join the scheme, but need to obtain a declaration from the employer and submit it to the PF authorities.
- The following employees are exempt from the PF scheme:
- Central Government or State Government establishment employees.
- Railway employees.
- Local authority employees.
- Employees in establishments exempted from the PF scheme by the Central Government.
Coverage
- The PF scheme covers:
- Full-time employees.
- Part-time employees.
- Contract employees.
- Apprentices.
- Trainees.
- The PF scheme does not cover:
- Foreign nationals contributing to a social security program of their country of origin.
- Non-Indian citizens not employed in India.
Learn about the eligibility criteria for employers and employees to register for the Provident Fund (PF) scheme in India. Understand the rules and requirements for both employers and employees.
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