I have come across the attached notification where for employees having PF wage below Rs.15000/- , 8.33% of the contribution amount by employer will be reimbursed to the employer back. i.e., the GOI will bear the expenses of upto 8.33%.
Some pointers:
1. Freshers or employees having no PF and UAN number earlier will be taken into consideration.
2. Scheme is applicable from 1st of April 2016, base taken as 31st March 2016.
3. Only if an employer had an increase in number of employees from base date will be eligible for this benefit.
4. Required for the scheme are LIN Number of employer, Aadhar number of employee, and registration with www.pmrpy.gov.in
An attachment is provided for additional information.
Request fellow members/ seniors to put some light on the following queries of mine:
1. What will be the reimbursement frequency to the employer?
2. Some employers may manipulate the data with bringing in some fake employees, how will the PF monitor that?
3. Also, what will be the minimum tenure the employee will have to be part of the system? Are there checks in place.
Some pointers:
1. Freshers or employees having no PF and UAN number earlier will be taken into consideration.
2. Scheme is applicable from 1st of April 2016, base taken as 31st March 2016.
3. Only if an employer had an increase in number of employees from base date will be eligible for this benefit.
4. Required for the scheme are LIN Number of employer, Aadhar number of employee, and registration with www.pmrpy.gov.in
An attachment is provided for additional information.
Request fellow members/ seniors to put some light on the following queries of mine:
1. What will be the reimbursement frequency to the employer?
2. Some employers may manipulate the data with bringing in some fake employees, how will the PF monitor that?
3. Also, what will be the minimum tenure the employee will have to be part of the system? Are there checks in place.
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