Industrial Relations
Joining Formalities,attendance System,hrp,exist
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Thread Started by #rits

Dear seniors,
I am working in ad agency, we have a strength of 45 employees. its an 5yr old agency in bangalore.
but not register under pf a/c.please tell me how to register under p/f a/c and is there is any penalty in delaying in return or challans.
what all documents are required for registration
5th January 2012 From India, Bangalore
Dear Ritu
Please go through EPFO <link updated to site home> <link updated to site home> link and adhere the same. You can download the forms and fill it up and approach your district PF Commissioner Office and get the registration done. While approaching the office please mention that you have approached on voluntary basis and not on receipt of any notice.
Our members can tell the procedures only upto certain level. But practically it will be littlebit different. Take the list of your employees for whom you are planning to deduct the PF alongwith the form. The PF Commissioner office will allot you with a Establishment Code and from that onwards you can start deducting the PF.
5th January 2012 From India, Kumbakonam
Dear Ritu,
Yes any establishment having more than 20 workers has to be covered under PF / ESI ( Now they have proposed to 10 employees).
You have to register for both ESI and PF.
Attaching the list of documents needed to obtain ESI and PF code for your organisation.
Penality will be there but it will be recovered after you file your returns.(Penalty/dames will be collected for both PF & ESI).
Your company is running for 5 years whether you r covered in Shops & Commercial act.
Better you can give it to a consultant who will get you all the licence to proceed further.
Thanks and regards
5th January 2012 From India, Mumbai

Attached Files
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File Type: doc list of documents for allotment of ESI code no..doc (24.5 KB, 594 views)
File Type: doc PF-Code number.doc (26.0 KB, 1180 views)

Dear Sir i’m working with one of the mumbai based pharma company so i want to know my PF money deposited in to my account MH/39783/149 . Thanks and regards mohd nasir
6th January 2012 From India, Mumbai
Hi Ritu,
Provide your office address & contact numbers, so that we can approach regarding your query about Registrations, Monthly Serives, etc.,
Babu - 09964619465
Gurukrupa Consultants,
6th January 2012 From India, Bangalore
Hi , Really this is useful for me... In my rural BPO 60 employees are working with Net Salary Rs.4000. We are going to calculate PF to them Kindly tell me your suggestion.....
7th January 2012 From India, Tuticorin
Dear Thangaraj,
You have to deduct 12% from basic salary(Basic+DA) from employees.
tell me 1 thing Rs.4000 is net salary or gross salary.(Since net salary is amount after deduction of ESI, PF, LOP, PT etc.)
If it is gross are you following minimum wages to the employees.(if it is covered under S & E act)
7th January 2012 From India, Mumbai
Can any one tell me what a new joinee has to do regarding deduction of PF, my accounts department is saying you don’t have to fill up any form.
7th January 2012 From India
Dear Sir,
As I'm working as an Admin/Accounts Executive in an recognized organization at Visakhapatnam, we are planned to implement PF for our employees & we have a strength of 36 employees.
And I don't know what is the process for PF implementation.
So kindly guide me the way to complete the process.
Thanks & Regards,
Tirumala Rao
7th January 2012 From India, Bangalore
Dear Ritu, Please go through my earlier postions ypu will find all relevents informations for the same. sumit
7th January 2012 From India, Ghaziabad
First of all YES. Establishment will be liable for penalty under EPF.
If you are thinking why ? Because it is mandatory for the establishment to be registered under EPF act at the time it has the strength of more then 20+ employees.
EPF challan can not be submitted on line. (for )
Now the solution: Register under EPF as soon as possible.
This part must not be followed:Show the strength of the establishment more then 20 employees for the last 2 or 3 months before registration. This way your liability of penalty ( Section 14B & 7Q) will be reduced.
Now the hard part (still not recommending it) you have to make balance sheets and other documents to show the above said. (if the inspection being done by the EPF officials)
Important: Penalty would be 100% (i.e. the amount deposited by the employer through challans for last periods) and the interest would be equal to the amount which being announced by EPF office yearly (say 9.5% for last year)
Stay Cool
8th January 2012 From India, Phagwara
Dear Shenbagarajan,

Thank Your very much, Actually we are paying net salary Rs.4000 without consideration any allowances. My doubt is that If we take Rs.3000 as Basic salary then how to split the reaming Rs.1000 as a allowances? Kindly suggest me what are the allowances can be taken into account? Our BPO is in Rural.
With Regards,
8th January 2012 From India, Tuticorin
Dear Thangaraj,
Which state do you belong?
Even though it is rural Minimum wage is applicable for all.
If you are giving more than the minimum wage you can go ahead with the following heads
Basic + DA - 3000
HRA - 600
TA - 200
Medical allowance - 200
Basic + DA ( As per minimum wages)
HRA (20 - 40% of basic)
TA(Transport allowance of Rs.800(maximum)
9th January 2012 From India, Mumbai
Dear Mr. Shenbagarajan, Thank You so much for Your kind information. Just now I used your information in salary structure of my employees. I belong to Tamilnadu. Regards, Thangaraj.P
9th January 2012 From India, Tuticorin
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