2. EMPLOYEES' PROVIDENT FUNDS AND MISCELLANEOUS PROVISIONS ACT, 1952
SECTION HEADING
PROVISION
2.1
Scope
To all establishments with 20 or more employees. Employees contribution upto a Salary (Basic + DA) less than or equal to Rs. 6500/- ; Salary (Basic + DA) <=6500
2.2
Contribution
*Employer's share
8.33%-Pension; 3.67%-PF; 0.5%-EDLI.
1.10% or Rs.5, whichever is high, for administration of PF;
0.01% or Rs.2, whichever is high, for administration of EDLI;
*Employee's share
12%-PF
*Contribution to be deposited within 15 days through challan
2.3
Returns
*Monthly- within 25 days (Form 3A)
*Annual- within 30 days (Form 6A)
*Return of membership, showing addition /deletion in members with details within 15 days of the close of every month (Form 9 / 5)
2.4
Registers
*Eligibility Register: to record the particulars of every employee eligible to become a member of PF and the number of working days during each month
*PF Register: in the form of contribution cards for each employee
*PF Ledger: this ledger contains the total monthly contributions, withdrawals from the account, repayment of loans and balance at the end of each month
*Inspection Book: to record the observations of an Inspector on his visit to the establishment