Details of EPF Act, Provident Fund. - employer and employee
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Amitmhrm Started The Discussion:

Dear All,

Enclosed find the details of roles and responsibilities of employer and employee of EPF Act. (Provident Fund)
Hope it would definitely help you to clear your queries regarding EPF Act.

Regards,

Amit Seth.


Attached FilesProvided by community member Amitmhrm. Join us to learn and grow with your peers.
File Type: ppt EPF Act.ppt (54.5 KB, 4959 views)
Rahul Sethi -  Member Since: Dec 2007
Hi Amit sir, Thanks For The Nice Presentation. I Think There is a amendment in the act. The Minimum no. of employee’s requirement for Coverage is 10 Now. Please Correct if wrong. Regards, Rahul

Rahul Sethi -  Member Since: Dec 2007
Sir,

This is the post of oneof the other member currently running. Is She Right or Wrong.

Regards,

Rahul

Employees Provident Funds & Miscellaneous Provisions Act, 1952


Government on Saturday, 5th July 2008 approved the proposal of bringing industries with ten or more employees under the ambit of Employee's Provident Fund (EPF) against the earlier limit of twenty or more workers.

A high-level meeting of board members of central provident fund chaired by Union Labour Minister Oscar Fernandes decided that the industries with ten or more employees will have to contribute towards the EPF accounts from now on.

"The ceiling for the industries has been revised and now any industry with ten or more employees will have to deduct EPF money of the employees," Union Labour Minister Oscar Fernandes said.

Currently, ONLY Schedule industries with twenty or more employees are covered under the ambit of EPF. Now as per new directions any Industry or Establishment or Commercial Establishment or Factory or Charitable Institute or Education Institute or Shop or IT Establishment or Research Centers employing more than 9 employees will be covered under the EPF Act.
__________________
Regards,
Minal

Amitmhrm -  Member Since: Feb 2007
Dear Rahul, I had also gone through the same News.. it was clearly stated that it has been proposed and will be enforce only after approval.

Zeetah -  Member Since: Jul 2008
[quote=Rahul Sethi;457513]Sir,

This is the post of oneof the other member currently running. Is She Right or Wrong.

Regards,

Rahul

Employees Provident Funds & Miscellaneous Provisions Act, 1952


Government on Saturday, 5th July 2008 approved the proposal of bringing industries with ten or more employees under the ambit of Employee's Provident Fund (EPF) against the earlier limit of twenty or more workers. . .


Hi...so, according to this act then, if the employer has less than 5 staff, he/she is exempted from paying the EPF eventhough it is without the consent and knowledge of the employee?

Does the employee has the right to claim?

Rahul Sethi -  Member Since: Dec 2007
Dear Zeetah Can u Pls. Explain ur querry a little more.

Whether ur employer is deducting pf without ur consent or u suspect that he is not depositing with the authorities or else.

Pls. Explain.

Regards,

Rahul

Zeetah -  Member Since: Jul 2008
Thanks for responding.

Situation is such -employer does NOT deduct and does not pay EPF and SOCSO but didnt inform employee at the time of employment.

After a month, employee realises it, upon receiving first pay cheque and asked but was told that they simply do not pay because they claim that they do not have to pay if the number of staff is less than 5.

Is that legal? Or a report is due against the employer?

Rahul Sethi -  Member Since: Dec 2007
Dear Zeetah,

The answer of question lies in one's contract or appointment letter with the employer. It depends whether the trerm PF etc is being discussed in contract or not or the contract is just silent about it. If it is silent about the term and the employer as per law is exempted or out of preview of the act he is safe not burden any legal responsibility to his employees the PF.

Regards,

Rahul

kiwiindelhi -  Member Since: Jul 2008
Hey there
I think this question has been raised before on this forum but I am still confused.

When a worker is paid minimum wage (let's say 3500Rs) and the wage is split/bifurcated as follows

2000 Rs Basic +DA
1500 HRA

What should form the basis of the PF contribution by the employer? Should it be made on the whole 3500, or can they simply pay on the Basic+DA of 2000Rs

Your thoughts would be appreciated!


Quote:
Originally Posted by Amitmhrm View Post
Dear All,

Enclosed find the details of roles and responsibilities of employer and employee of EPF Act. (Provident Fund)
Hope it would definitely help you to clear your queries regarding EPF Act.

Regards,

Amit Seth.

yashpriya -  Member Since: Jun 2007
Hi Amit,

Your presentation in the 2nd ppt slide regarding PF Contribution needs a correction, I think it should be :

A/c No. -1 Employer Contribution = 3.67%
+
Employee Cont. = 12% of Basic.

Regards,

Priya J.
(Please Correct me if I'm wrong)


Quote:
Originally Posted by Amitmhrm View Post
Dear All,

Enclosed find the details of roles and responsibilities of employer and employee of EPF Act. (Provident Fund)
Hope it would definitely help you to clear your queries regarding EPF Act.

Regards,

Amit Seth.




 
 
 
 





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