If it employs less than 20 people - yes. Otherwise No
No. The government has the Employee Provident Fund which is mandatory for all employees of companies in India
It is applicable for all companies that have more than 20 employees on their payroll.
1,234,365 companies with an average of 152 employees.
5
20
20 employees required for enrollment in provident fund scheme
No, it is not required. You need to pay provident fund only to people who are regular employees and not people who have left the company or absconded.
20
Yes
20
The Employees Provident Fund Organization of India is a statutory body of the Government of India under the Ministry of Labour and Employment. The organization is formed in 1952.
No, it is not taxable