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
dear sir, how many form in death case. and how many requrement thing in case. ok with best regards kumer singh
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
Eventhough ur's is a start up company, u have to register in EPF Scheme.As per the new EPF guidelines, company having 10 or more employee should register in EPF.Earlier it was 20 employees.If needed u can visit this site.EPFO
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
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.
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.
Found This Useful? +Vote Up This Page Via Google.
Why Vote? User validation is extremely important for good content to prosper.
Disclaimer: This network and the advice provided in good faith by our members only facilitates as a direction towards the actions necessary. The advice should be validated by proper consultation with a certified professional. The network or the members providing advice cannot be held liable for any consequences, under any circumstances.
Explore Topical Knowledge Areas
Topic Categories >> provident fund balance sheet salary structure board meeting start up company pension scheme basic salary wage register Location-United States esi consultant date of joining epf guidelines start up limited company private limited minimum Complete List Of Categories
Interesting Relevant Discussions