Understanding the Provident Fund Act: What Forms Do Employers and Employees Need to Know?

The Employees' Provident Funds and Miscellaneous Provisions Act, 1952:

The Act provides for the institution of Provident Funds:

1) Employees' Provident Fund Scheme, 1952
2) The Employees Pension Scheme, 1995
3) The Employees Deposit Linked Insurance Scheme, 1976

Establishments, whether unexempted or exempted, have to comply with the Regional Provident Fund Commissioner. The primary form all have to ensure is Form 2: Nomination and Declaration Form (subscriber and employer have to ensure).

Form 3: Contribution card for the currency period from... to... (for unexempted establishment).

Form 3A: Contribution card for the currency period from 1st... to 30/31st... (for unexempted establishment).

Form 5: Return of employees qualifying membership
Form 5A: Return of ownership
Form 6: Return of contribution cards
Form 9: Return of employees
Form 10: Return of members leaving services
Form 12: Statement of contribution for the month...
Form 13: Application for transfer of EPF account
Form 13A: Application for inter-regional transfer of accounts
Form 19: Settlement
Form 20: Withdrawal by minor/deceased member
Form 31: Application for advance
Form 1(IF): Return of employees entitled and required to become members of the insurance fund
Form 2(IF): Employees entitled for membership
Form 3(IF): Return of members of the insurance fund leaving services
Form 5(IF): To be used by nominee/legal heir
Form 12A: Return
Form I: Return by exempted establishment

Regards,

NAVROZ

Dear All,

Sharing the PPT of PF - frequently asked questions. It may be useful for those who are facing problems in the PF process.

Always,

Nirmal Kumar Sahu

Dear All,I m submitting herewith the combined sheet of PF calculation sheet and challan sheet in excel format as per requirement of our some HR felloz.Hope it will be useful for you.Provident Fund :Note :PF always calculated on BASIC + DA Total PF contribution : 25.61% Employers Contribution :12% (3.67% PF +8.33%Pension) +1.61%Administrative charges (1.10% Adm charges +.50 % EDLIF Charges) =13.61%Note: Pension value 8.33% is always constant whther PF value can be variable depending on the Basic & DA Pls study following cases:Case :1 if Basic + Da = 6500 then then contri wil be like ths Pension 8.33% ( 541) and PF value wil be (239)Case II 1 if Basic + Da > 6500 then then contri wil be like ths Pension 8.33 %( constant value 541) and PF will be : exess amount - 541 as exp IF Basic + DA is 12000/- then it wil be like ths Pension will be 541/- and PF will be 899/-( cal.: 12000*12% -541 = 899/-)Case III : if Basic + Da < 6500 then then contri wil be like ths Pension 8.33% and PF 3.67% of basic +DAExp : if basic is 5500/- then Pension wil be 5500*8.33% =458 and PF will be 5500*3.67% = 202/-Employess Contribution:12% goes to PF amount only.PF Calculation Sheet: 1.Mention your location name if existing2.No of empls elidgible for PF3.PF salary ths is Basic + DA amount4.Emps contri 12% fix value5.Emplrs contri for PF Variable ( calculation has defined above)6.Emplrs contri 8.33% fix value7.PF>6500 means Basic +DA >6500 ( See case II)Some other useful info regarding PF:Form No. Purpose13 (revised) For transferring the Provident Fund account of a member from one establishment another establishment covered under the act / scheme19 To be submitted by a member to withdraw his Provident Fund dues on leaving service/retirement/termination.10-C For claiming - Refund of Employer share.( with form no.19) 10-D To be submitted by the first claimant i.e.- member or - widow/widower or- orphan nominee as the case may be31 For the use of Provident Fund members to avail advances / withdrawals as provided in the schemeRate of Interest:8.5%Note :Formula are given asked pls whre r u confused and if stil confuse then I ll submit a demo sheet……pls revert back to me

Hi, I have just completed an MBA in HR and would like to have details about Provident Fund (PF). I am also confused about whether PF is applicable to those who have a basic salary of less than ₹15,000 per month.

I worked at a retail garment brand for 5.7 months and resigned on 11/05/2012. However, I have not yet received my full and final settlement. They are not providing me with a proper response. When I asked them to fill my PF form, they said I have to wait until my full and final settlement is processed because they need to attach the settlement papers with the PF form. Is this correct? Kindly clarify this for me.

Regards,
Manish Arora