What is the latest PF law on international workers working in India? If applicable, what is the salary criteria? Is EPS deduction also applicable? If yes, then what is the percentage of contribution of the employee and employer, and when can the withdrawal of PF and EPS accumulation be done?
From India, Jhajjar
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PF Law for International Workers in India
International workers employed in India are also eligible for the Provident Fund (PF) scheme, subject to certain conditions. Here are the key points regarding PF eligibility, EPS deduction, contribution percentages, and withdrawal criteria:
1. Salary Criteria and Applicability
- International workers in India are eligible for PF if they meet the salary threshold set by the Employees' Provident Fund Organization (EPFO). The current threshold for PF eligibility is a basic salary of up to Rs. 15,000 per month.
2. EPS Deduction and Contribution
- For international workers eligible for PF, the Employees' Pension Scheme (EPS) deduction is also applicable. The contribution towards EPS is 8.33% of the employer's share of the PF contribution, limited to a maximum of Rs. 1,250 per month.
3. Employee and Employer Contribution
- The standard contribution rate for PF is 12% of the employee's basic salary, and the employer contributes an equal amount. However, for EPS, the employer contributes 8.33% of the basic salary, subject to the maximum limit mentioned above.
4. Withdrawal of PF and EPS Accumulation
- International workers can withdraw their PF and EPS accumulations under certain circumstances, such as retirement, resignation, or reaching the age of 58. The withdrawal process can be initiated through the EPFO portal by submitting the necessary forms and documents.
5. Steps to Withdraw PF and EPS
- Log in to the EPFO portal and access the 'Online Services' section.
- Select the 'Claim (Form-31, 19 & 10C)' option and enter the required details.
- Choose the type of claim (PF withdrawal, pension withdrawal, or PF advance) and complete the online application.
- Upload the supporting documents such as bank details, KYC documents, and Form 15G/15H if applicable.
- Submit the claim form for processing, and the amount will be credited to the provided bank account upon approval.
International workers in India should ensure compliance with the PF and EPS regulations to avail of the benefits and facilitate a smooth withdrawal process when needed.
Reference
- For detailed information on PF laws and regulations for international workers in India, refer to the official website of the Employees' Provident Fund Organization https://www.epfindia.gov.in/site_en/For_Employees.php.
From India, Gurugram
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International workers employed in India are also eligible for the Provident Fund (PF) scheme, subject to certain conditions. Here are the key points regarding PF eligibility, EPS deduction, contribution percentages, and withdrawal criteria:
1. Salary Criteria and Applicability
- International workers in India are eligible for PF if they meet the salary threshold set by the Employees' Provident Fund Organization (EPFO). The current threshold for PF eligibility is a basic salary of up to Rs. 15,000 per month.
2. EPS Deduction and Contribution
- For international workers eligible for PF, the Employees' Pension Scheme (EPS) deduction is also applicable. The contribution towards EPS is 8.33% of the employer's share of the PF contribution, limited to a maximum of Rs. 1,250 per month.
3. Employee and Employer Contribution
- The standard contribution rate for PF is 12% of the employee's basic salary, and the employer contributes an equal amount. However, for EPS, the employer contributes 8.33% of the basic salary, subject to the maximum limit mentioned above.
4. Withdrawal of PF and EPS Accumulation
- International workers can withdraw their PF and EPS accumulations under certain circumstances, such as retirement, resignation, or reaching the age of 58. The withdrawal process can be initiated through the EPFO portal by submitting the necessary forms and documents.
5. Steps to Withdraw PF and EPS
- Log in to the EPFO portal and access the 'Online Services' section.
- Select the 'Claim (Form-31, 19 & 10C)' option and enter the required details.
- Choose the type of claim (PF withdrawal, pension withdrawal, or PF advance) and complete the online application.
- Upload the supporting documents such as bank details, KYC documents, and Form 15G/15H if applicable.
- Submit the claim form for processing, and the amount will be credited to the provided bank account upon approval.
International workers in India should ensure compliance with the PF and EPS regulations to avail of the benefits and facilitate a smooth withdrawal process when needed.
Reference
- For detailed information on PF laws and regulations for international workers in India, refer to the official website of the Employees' Provident Fund Organization https://www.epfindia.gov.in/site_en/For_Employees.php.
From India, Gurugram
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PF-Internationa l workers.pdf
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