Binumol Started The Discussion:
Dear All,

We are a start up Company doing CAD outsourcing work. As per the new EPF guidelines we need to register in EPF.Can anyone breif about the EPF registration formalities?

Waiting for your reply.

Regards
Binu
Posted 22nd July 2008 From United States
Dear Binu,

Recently one new emendment has implemented in PF Department, where is working more them 10 employees that organisations also covered under PF Act.

You take "PROFORMA FOR COVERAGE" Application from your regional PF Office, fill that application and enclose Labour Registration copy, Employees Details(name, father name, date of birth, date of joining), wage register copy, pan no copy, payment cheque, Article of Memorandom (as per Companies Act) and submit in your Regional PF Office.

Payment calculate like this,
calculate on BASIC+DA
12% employee PF contribution
3.67% employer PF contribution
8.33% pension contribution (541/- maximum celing)
0.5% EDLI Charges
1.1% Admin Charges
0.1% inspection charges

Regards
Srinivas B
Posted 22nd July 2008 From India, Hyderabad
dear sir, how many form in death case. and how many requrement thing in case. ok with best regards kumer singh
Posted 22nd July 2008 From India, Delhi
Thanks a lot Srinivas. I would like to know one more thing.Along with the registration form do we need to make the payment? Regards Binu
Posted 23rd July 2008 From United States
Dear Srinivas,


We are also start up company, but regarding PF i heard that for the first 3 years EPF is not applicable, i mean PF registration is not required. pls anybody correct me if iam wrong and provide me full details regarding EPF & ESI
Thanx in advance

regards
shanti




:mrgreen:
Posted 23rd July 2008 From India, Hyderabad
Dear Friends,

It is a great topic to know about. Thanks for posting which as helped in gathering useful information. Well friends i was told by one of the PF enforcement officer that Rule of no of employees is still not applicable.

Binamol: I dont think we need to pay amount when we get registered for PF. After getting registered you need to submit above mentioned details by Srinivas in Form-5.

Kumer Singh: You have 3 forms according to me for death claims Form 20, Form 10-D and Form 5-IF all three you can get it in the PF website www.epfindia.com

Regards
Amith R.
Posted 23rd July 2008 From India, Bangalore
Amith,

Your second sentence is not clear to me. Can u please explain it in detail? The head count of one of our Sister concern 'ADVENSER' is 19. We were planning to start the PF Scheme,when the headcount reaches 20 ( as per the rule).Since the EPF guildeline got revised, we need to register in EPFO at the earliest.Please guide me.

Regards
Binu
Posted 24th July 2008 From United States
Dear Mr. kumer singh,

Death clime means any mamber of the EPF Organisation has expaired, that person nominee's like family members(wife, childrens, fathe mother) they clime and withdraw that person contribution amount and dependents get life long pension as per 1995 pension Scheme, and they get 60,000/- amount at EDLI Insurance Scheme.

at that time they should submit form 20, form 10D, form 5F alongwith this applications they have to provide, Death certificate, family members certificate, three passport size photographs with employer signature.

Regards
Srinivas B
Posted 24th July 2008 From India, Hyderabad
Dear Mr. Binu, You have to make payment alongwith the application. You should give the Cheque favor on "Regional Provident Fund Commissioner" and mension your local PF Office. Regards Srinivas B
Posted 24th July 2008 From India, Hyderabad
Dear Ms. Shanti,

As per new PF Ammendment, who have more then 10 employees they should cover under PF Act. You forward test mail to me, I will forward Stitutory Issues Hand Book. My mail ID is

Regards
Srinivas B
Posted 24th July 2008 From India, Hyderabad
Dear Binu,

To make it simple just take all the required details about your establishment and visit your local PF office. You can get your doubts clarified about the same.....

Let me make it clear that the PF dept will certainly not penalise you for delay in registration for atleast few days since the amendment as happened very recently and on the other side your establishment will be covered from when it will be effective. So be on your toes to get registered but dont be in lot of hurry. All the best......

Regards
Amith R.

Regards
Amith R.
Posted 25th July 2008 From India, Bangalore
Dear All,

Need to ask a question for EPF registration. How mandatory is it for the organisation having employee strength greater then or equals to 20 to have EPF Registration.

We are a group of IT consultants and registered as a private limited company and all employees drawing salary around 2.4 Lakhs per annum.

I was discussing with some one and he advised that all employees having salary greater then Rs. 6,000 per month can sign a declaration that they don't need PF to be deducted. In this case the employer also need not add their contribution. But maintaining certain documents will suffice the statutory requirment of EPFO.

Is this true?

I am a person with no knowledge of Indian Labour and Industrial relations laws. So please guide.

Thanks in advance

Regards

VG
Posted 25th July 2008 From India, Delhi
Strictly speaking PF act is not applicable to Software company pls read the applicbility clause of the act.
the recent recommendations for amentment has not been passed so for the time being it is not applicable ie the present rules will follow ie 20 or more persons............
and the max salary for the contributions is 6500
since being an employee welfare legislation it is good to make coverage under the act.
the documents submitted for the same is already mentioned by our friend binu
Posted 25th July 2008 From India, Thiruvananthapuram
Dear Srinivas,

I would like to tell you that from date you have 20 personnel in your muster ( now it will change upto 10 but notification awaiting) you should apply for registration. As far as contribution amount is concern you have to submitt relevant paper like, list of employee, reg certifcate of firm, bank statement etc( it is given in coverage performa). with P.F contribution bank draft to the department than only allotment procedure will complete from your side.

Rgds
Shrvan
Posted 25th July 2008 From India, Dehra Dun
Hi

there is a small correction to the calculation. it will be as follows..

when we calculate employee pf, it will be 12% of basic salary, for employers, it will be 13.61% and the breakup of 13.16% is as follows:
3.67% employer PF contribution
8.33% pension contribution (541/- maximum celing)
0.5% EDLI Charges
1.1% Admin Charges
0.01% inspection charges

hope i am right on this.

Venkat
Posted 26th July 2008 From India, Madras
Dear Friends, If the employees Basic salary is above Rs. 6500/-, how should we make the contribution? Waiting for your reply at the earliest. Regards Binu
Posted 26th July 2008 From United States
Dear Binu,

You can either make them opt out of PF if they really dont want PF to be deducted or you can consider basic as Rs 6500 from day one and deduct PF from day 1 on Rs 6500 only i.e Rs 780. Hope now is it clear for you.

Regards
Amith R.
Posted 26th July 2008 From India, Bangalore
Dear Amith,

Thanks a lot.

One more thing I want to ask you is about the PF calculation.Is it necessary that we should consider DA for PF calculation along with basic? Here we don't have DA in our salary structure.

Regards
Binu
Posted 26th July 2008 From United States
Sir, Please do forward the same book to my mail ID also sujatha_249@rediffmail.com Thanks & Regards, Sujatha
Posted 26th July 2008 From India, Bangalore
Hi Friends this is Kumarworking as HR executive. I hava a doubt if i join in a new company what is the procedure to apply and get company code number and what forms we want to submit. Kindly help me.RegardsKumar
Posted 26th July 2008 From India, Madras
hi Binumol,

Please visit this website www.epfindia.com .

Then click on " Registration" at the left hand side.

You can download "proforma for coverage".

Rest of the informations are also available here.

Regards,
Priya J.
Posted 26th July 2008 From India, Hapur
hi Binumol,

Please visit this website www.epfindia.com .

Then click on " Registration" at the left hand side.

You can download "proforma for coverage".

Rest of the informations are also available here.

Regards,
Priya J.
Posted 26th July 2008 From India, Hapur
Dear Vaibhav,

In my opinion, being an IT company will not exclude your company from the coverage of the EPF Act. It is quite correct that the applicability clause of the Act do not specify the "IT Inustries" in the list of notified industries for coverage of the Act. However, the EPF Department covers such types of companies under the ambit of "Expert Services". Even many big IT companies like Wipro, Infosys etc. are either covered under the EPF Act or havce their own EPF Trust.Had they followed the same rule they too would have been out of the EPF net after all who wants to increase their input Cost.

Now, as per the EPF Act an establishment having the employees strength of 20 employees (including employees employed through a contractor like Security Guard, House Keeping Staff or all other hired staff) are required to be covered under the EPF Act. Now for the purpose of EPF Contribution, the employees Basic+DA Salary structure are to be taken inti account. In case an employee is drawing Gross Annual Wages of Rs.2.4 laks but his Basic+DA is less than 6500/- per month (not Rs.6000/- as per your freind) then he 'll be compulsorily required to be the member of the EPF Scheme. It is only when, and its avialable for the first time only, when an employees Basic Salary including DA is more than Rs.6500/- per month, then he can, as per his wish, as your friend suggested can remain out of bound of the EPF Covereage till he draws Basic Salary of more than the ceiling (as per Para 2(f)(ii) of the EPF Scheme.

Now in your case, even if all 20 employees are drawing (Basic) wages of more than Rs. 6500/ per month and even if all of them opt out of coverege of the EPF Act. I'd, as an EPF/ESI Consultant advice you to get your company registered under the EPF Act from the first date when the employees strength of your company including Contractor employees exceeded 20 in order to avoid any legal hassle later on. Because it'll not be very complicated/lengthy process. Furthermore, as a tool of retiral benefit if the employees of your company opt for coverage under the Act, they can save their hard earned money.

In case, none of your employees are under EPF coverage and you have been covered under the EPF Act and has been issued the Code Number, all you'll be required to do is to deposit Rs.7/- through a Bank Challan and file one coopy of the challan with the EPF Dept through the monthly Return of contribution and deposit a NIL Annual Return of contribution. You'll also be required to maintain a register of memebr, called eligibilty register, wherein you'll have to mention name of all employees even if thry are not member of the EPF Scheme with other particulars (except EPF Account Numbers and the date of EPF membership). You'll be required to get a declaration from the employees regarding their wish to be enrolled as member of the EPF Scheme and also Form-11. And thats it.

I have tried to provide you a detailed answer to your query, in case, there still remains anything which need clarification, you can either post it here or write to me at .
Posted 27th July 2008 From India, Delhi
Dear all, Kindly let me know how to become HR consultant,i want to start HR consultant,so please let me know the complete procedure to work for clients Thanks & Regard Minesh Kumar
Posted 27th July 2008 From India, Gurgaon
Yes, you have to make a Demand Draft for Rs- 3000 (There is no fixed Amount, it will consider as a security / advance payment and will be adjusted in the next contribution) in favor of "SBI A/c EPF"

Thanks
Sunny
Posted 28th July 2008
There are three ways in which PF Act can be made applicable to a concern:
1.Automatic coverage :employing 20(10 as per recent ammendment) or more employees, including factories
2.Coverage by CG: where automatic coverage is not applicable and the CG wants to make the Act applicable, it may do so, by giving at least 2 months notice in the official gazette.
3.Voluntary applicability: less than statutory minimum number of employees but the employer and majority of employees agree to make the Act applicable through an application to the CPFC
Posted 28th July 2008 From India, Delhi
Dear Minkoo, If we opt out from EPF, does our company face any legal complication in the long run? Regards Binu
Posted 28th July 2008 From United States
Dear srinivas

hi this rafiq, I had recently join at pathological company for bangalore.Head office located at hyd, We are expand in bangalore,my query is now i want to take saperate EPF & ESI code for emps. It is necessory to take code or not.pls can u clarify this one.
waiting for u r response.
Posted 28th July 2008 From India, Hyderabad
Dear Binu,

Thanks for the info, could you please provide the implementation date of EPF Registration for 10 or more employees firms. i din't find the amendment in epf web site. kindly provide the notification along with the effective date if possible.

Thanks & Regards,
Sujatha
Posted 28th July 2008 From India, Bangalore
[quote=Binumol;463430]Dear All,

We are a start up Company doing CAD outsourcing work. As per the new EPF guidelines we need to register in EPF.Can anyone breif about the EPF registration formalities?
Dear,As per our requirement regarding EPF Rgeistration;following documents are required for deciding final date of coverage under EPF.1. Shops& establishment Registration2. Partnership Deed( In case Partnership OR Propoertership Owner) 3. Pan Number of firm4. copy of P.Tax Registration5. details of Gala Purchase(viz copy of agreement)6. 1st electricity Bill7. 1st sale Bill /Purchase Bill8. salary wages registers & attendance register since beginning9. month wise strength of number of employees since beginning10. list of partners/ owners along with their residential address11. Name of the Bankers, address of the bank and name of the person responsible for financial affairs.12. Balance sheet / P&L accounts13. Letterheads (20) If you have any queries, please contact me on 9892727246Warm Regards,Deepak Shinde
Posted 28th July 2008






 
 
 
 







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