Expat Provident Fund & Epfo Contact - PDF Download

memehgirl
Hi! Good day to everyone!
I am in Payroll and I need to clarify some issues regarding Expat Provident Fund. Can anyone enlighten me regarding any ceiling for Expat PF contribution? This is fairly new to me and I am not aware if there is any ceiling contribution, all I know is the 12% of basic wages applies. Also, I would appreciate it if anyone can provide me with contact numbers of EPFO so I may contact them for future reference.
I have been reading through the posts here in CiteHR and I find most posts helpful. Please please help me with this inquiry.
Many thanks!! ^__^
Madhu.T.K
Is it Employees Provident Fund Contribution or Expat Provident Fund?
The statutory rate of employees provident fund contribution is 12%. The employer will also contribute 12%. One whose salary at the time of joining the establishment is not more than Rs 6500 is required to become a member of the scheme. Yet, if an employer is willing to contribute, any person whose salary is above Rs 6500 shall also become a member. For the purpose of PF, basic salary plus the dearness allowance will qualify for contribution. Once an employee is covered by PF he will continue to be covered irrespective of any hike in the salary above the qualifying amount of Rs 6500.
You can get details from the Employees Provident Fund Organisations's websites.
Regards,
Madhu.T.K
memehgirl
Hi Madhu. T.K!
Thanks for the quick reply.
I am referring to the Expat Provident Fund.
We received the ff information and would like to clarify:
"On 1 October 2008, the Indian Ministry of Labour and Employment announced a significant extension of the Employees’ Provident Fund (Third Amendment) Scheme 2008 and the Employees’ Pension (Third Amendment) Scheme 2008, which requires certain foreign individuals working in India, as well as certain Indian individuals working overseas, to contribute to India’s social security system. Employees will be required to contribute 12% of their base pay (8.33% to the Provident Fund and 3.67% to the Pension Scheme) and a similar amount (i.e. 12% of base pay) will apply to the employer."
Are you aware of any ceiling amount/limit for expatriate contributions? Thanks so much ^^,
S.Chandrasekar
I too have heard this announcement. I think our ceiling of 6500/- (of Basic+DA) is applicable to them also. It has become mandatory that foreigners working in India also need to be covered under the Social Security laws. When they stay here for more than 182 days, their income is taxable here. I presume that this holds good to a foreigner who settles here and takes up fulltime employment on his own and not deputed by his parent company or whatsoever.
In my previous assignment, I worked with a US based construction company in Chennai and to my knowledge the salary of the US staff deputed to work here were paid there and credited in the US. So I didn't come across that applicability of law to them. It depends on the payroll area location.
Regards
Chandru
Nataraj1414
According to my understanding, as new scheme is silent on celing, For Expats,it is 12% on the basic pay+ DA. ( 6500 limit not applicable )
If any other views pl post
Regards
Nataraj
htdesai
Hi,
Attahed the amendment for EX-PAt PF.
Regards,
Harshad
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Nataraj1414
Desai san,
Note on amendment is very useful.
Is format of consolidated retun notified ? If available , pl share.
Regards
KN
faizan.ikon
What about Salary?? will their salary from outside india will be include for calculation purposes (12%).
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