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The Employees Provident Fund and Miscellaneous Provisions Act, 1952 applies to each establishment, which is a factory engaged in any industry specified in Schedule I and employs 20 or more persons. Despite the fact that an establishment implementing this Act is ruled by this Act, the number of persons employed in it at any time will be below twenty. Employee Provident Fund EPF is generally a employee benefit plan set by a statutory body of the government, which provides facilities to employees of any organization in relation to medical assistance, retirement, child education, insurance assistance and housing.
If an organization finds that the Employees Provident Fund and Miscellaneous Provisions Act, 1952 is applicable to it, then it can fill in the attached form for registration. Documents filled with one or more documents mentioned in the form can be deposited in the respective provident fund offices for the form registration. Prepare applications for registration to submit application in PF office. PF Office Allocation (1) PF Code No. And (2) section no. Upon receiving the PF code number, for preparing ASR form 9 (details of staff). Employee fills (i) Form 2 (Employee PF nomination form) & (ii) Submit form 11 (declaration) Form for 9 and Form 2 in PF office. Form 11 is maintained in the employee's personal file.
The EPF benefits from the company, the amount of money that the company p.f. It is tax free, so take advantage of tax. Provident fund contribution by employer and employee is not taxable income for the purpose of income tax.
Employees are eligible for pension even after termination of employment.
Members can withdraw the deposit amount in their account. Provident fund accumulation and interest can be withdrawn on retirement, resignation and death. Partial withdrawal is allowed for specific expenses such as home construction, higher education, marriage, disease etc.
After the death of the employee, the provident fund amount is paid to the members of the employees' families.
Employees attracting basic pay of upto Rs. 21000 / - will essentially have to contribute to those earning above Rs. 21001 / - and they have the option to become a member of the provident fund.
The employee contributes 12% of his basic salary and the same amount is contributed by the employer. Employer contribution of 12% basic salary has been fully deposited in the provident fund account, from which 12% of employee contribution contributes 3.67% to the provident fund and 8.33% is deposited in the pension scheme.
Any establishment that employs 20 or more employees, except for apprentices and casual laborers, every employee with contract labor, who is about Rs. 15000 par month. Any establishment covered by the Act is covered under the Act, even after being ruled by the Act, the number of persons employed in it at any time will be below 20.
(1) Registration citificate of any PWD /GST /GUMASTA /ANY REGISTRATION
(2) PAN CARD (COMPANY KE LIYE COMPANY OR PATNER OR SABI DIRECTOR KA PAN CARD LAGEHE
(3) ADHAR CARD (COMPANY KE LIYE SABI KA LAGEGA)
(4) CANSIL CHAQUE/ACCOUNT DETAIL
(5) DIGITAL SING (CLASS 2 OR 3 )
(6) SPICIMAN SING
E.p.f. The company has to deposit monthly invoice, since you have a registration
Every Month List is required in this (the invoice for the first month is 20)
U.A.N. Number worker should either be old or need information to make new
List of employees - Name, father's name, birth date, date of joining, base, mobile number, bank account details or de wages
If the company does not work, the invoice of 100 / - can be filled.