If m having only 2 employees in my company do i need esic and pf??..??

Mohammad Ateeq (Querist) 01 April 2014 This query is : Resolved
Dear All,

I have opened a new company and got registered on Feb-2014(Form Registation, Servis Tax, Pan card), in my company we are having only 2 Employees and our work is outdoor work,, and our whole year business is of less then 2 lack only. after excluding all my expenses(Emp salary etc) my profit is hardly 80k per annam.. do i need to do ESIC and PF,

My Business is of Telecom Survey.
Please help me because my vendor is forcing me to do this and, as per my knowledge for esic and PF it will cast around 25K, one of my friend told me if m having less then 20 Emp i dont need ESIC and PF
Note:for 2 EMP also do this necessary..?
grouptentele@outlook.com

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