Understanding Provident Fund: What Are the Key Points You Need to Know?

Dear All,

Please find notes on Provident Fund.

Regards,
Shweta

When people get old, they are either sent to a nursing home or forced to live in senior homes and given the excuse of professional care, comfort, and company.

The link provided no longer exists.

Thank you very much for providing the most valuable information. I need similar information (comprehensive notes and formats) regarding the Karnataka Shops & Commercial Establishment Act.

Regards, T. NAGARAJ MANAGER - HR & ADMN. KURLON LIMITED

Dear Member,

This thread relates to PF matters, and therefore, it would be better if you posted your material on a separate or similar thread.

Regards,
R N KHOLA

Dear Shweta,

Thank you so much for posting this valuable information on EPF. The effort put into compiling all this information is indeed commendable.

Let us all keep sharing all the information we have with each other here on this platform.

Thanks!

Hi,

Thanks for the great effort. It is complete PF info. In addition, please find attached the documents of international workers of PF, which came into effect from October 2008.

Regards,
Gopal

Dear Members,

I would also like to thank Shweta for sparing her valuable time in preparing/collecting this material. Form 10 C is in duplicate. The PF Word file states that for PF formalities, the company must be 3 years old, and thereafter, it can be registered with the PF department. I wanted to clarify whether this statement is correct. What are the formalities we need to complete after 3 years, apart from registration?

Thanks in advance.

With Regards,
Bhawna Bhardwaj

Dear Bhawna,

With effect from 1-8-1988, the Provident Fund Act is applicable to the establishment employing twenty or more persons on expiry of a period of three years from the date of setup. From 22-9-1997, this infancy of three years has been dispensed with, and all the establishments employing 20 or more persons are brought under the purview of the Act from the very date of setup subject to fulfillment of other conditions. The provisions of the Act apply on their own force independently.

Once your registration is completed and the employee is allotted an employee code, a new employee should fill Form 2 and Form 11. The Employer should start deducting PF contributions from himself and the employee. Then, he should file the monthly returns and yearly returns accordingly.

Regards,
Shweta

Dear All,

Is it mandatory for companies to offer a CTC to candidates/employees exclusive of the employer's contribution to EPF (which is 12% + taxes; around 13.6%)? Can a company include its share of EPF contribution in the CTC? Is it legal, illegal, or does it depend on the company's wish?

Will you please help me to know how to check PF balance online and what details are required?