Dear All Members and Seniors,
I am working in a Pvt Ltd firm with 50 employees on staff, and currently, we do not have any PF account or policy for employees. Now, management wants to meet the criteria to deduct PF from employee salaries. Could you please help me with how we can start PF in our company? What is the procedure and the eligibility criteria for PF? Also, what is the minimum salary range on which PF is applied?
I kindly request all of you to guide me.
Thank you.
From India, Ahmadabad
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23I am working in a Pvt Ltd firm with 50 employees on staff, and currently, we do not have any PF account or policy for employees. Now, management wants to meet the criteria to deduct PF from employee salaries. Could you please help me with how we can start PF in our company? What is the procedure and the eligibility criteria for PF? Also, what is the minimum salary range on which PF is applied?
I kindly request all of you to guide me.
Thank you.
From India, Ahmadabad
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You can take the help from the PF Consultants which will be so helpful, All headache is of the consultants they will charge the reasonable amount and with in 15 days PF will start in your company.
From India, Gurgaon
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From India, Gurgaon
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Dear Dhruvin, You can contact me for registration of company PF. Mr. Sanjeev Kumar Director Clairvoyant Corporate & Legal Consultancy Services Sector-71 Noida Mobile: 9971589511
From India, Pune
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From India, Pune
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Dear Mr. Sureliya,
Since your establishment is employing more than 19 employees, your company should have started compliance under the Act soon after reaching 20 or more employees, without waiting for a Code number. Please meet the PRO of the EPF Office at INCOME TAX CIRCLE, ASHRAM ROAD, AHMEDABAD for further guidance or call 27541383 or 27542084 and request assistance. Alternatively, you may contact any consultant. I can provide a reference for Mr. Girish Choudhry at 9825039599, who will assist you in this matter.
With regards,
CHANDOK-EX RPFC
09988021715
From India, Chandigarh
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Since your establishment is employing more than 19 employees, your company should have started compliance under the Act soon after reaching 20 or more employees, without waiting for a Code number. Please meet the PRO of the EPF Office at INCOME TAX CIRCLE, ASHRAM ROAD, AHMEDABAD for further guidance or call 27541383 or 27542084 and request assistance. Alternatively, you may contact any consultant. I can provide a reference for Mr. Girish Choudhry at 9825039599, who will assist you in this matter.
With regards,
CHANDOK-EX RPFC
09988021715
From India, Chandigarh
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Dear Dhruvin Ji,
Please visit the local Employees' Provident Fund Organization (EPFO) office at Bhavishya Nidhi Bhavan, Income Tax Circle, Ashram Road, Karnavati 380014, and meet the enforcement officer there. He will guide you in the matter and also provide necessary forms. You may also visit the EPFO website of Gujarat regional office. That will help you.
Thanks and regards,
From India, Pune
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Please visit the local Employees' Provident Fund Organization (EPFO) office at Bhavishya Nidhi Bhavan, Income Tax Circle, Ashram Road, Karnavati 380014, and meet the enforcement officer there. He will guide you in the matter and also provide necessary forms. You may also visit the EPFO website of Gujarat regional office. That will help you.
Thanks and regards,
From India, Pune
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Dear Dhruvin Sureliya,
You have to submit Proforma, Form 5A, and an Application for the allotment of Business No. to obtain the Code No. Please ensure that you have documents to prove the exact date on which you employed 20 or more persons.
If you have employed 20 or more individuals in the earlier period, then your coverage should be calculated retrospectively from that date at the rate of 25.61% of the Basic and DA.
S. Sethupathy Excellent HR Services Erode.
From India, Selam
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You have to submit Proforma, Form 5A, and an Application for the allotment of Business No. to obtain the Code No. Please ensure that you have documents to prove the exact date on which you employed 20 or more persons.
If you have employed 20 or more individuals in the earlier period, then your coverage should be calculated retrospectively from that date at the rate of 25.61% of the Basic and DA.
S. Sethupathy Excellent HR Services Erode.
From India, Selam
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Dear Kalsum,
For the transfer of PF, you have to apply with Form 13 through your new employer. However, it will take a few weeks to transfer the accounts if it is an inter-regional transfer. Form 13 is attached for your reference.
S. Sethupathy, Erode.
From India, Selam
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For the transfer of PF, you have to apply with Form 13 through your new employer. However, it will take a few weeks to transfer the accounts if it is an inter-regional transfer. Form 13 is attached for your reference.
S. Sethupathy, Erode.
From India, Selam
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I have a question about creating a PF account for a new company. I read that opening a new PF account is necessary as soon as the number of employees reaches 20.
My question is, we were suggested that companies like Aviva, LIC, or Max offer such schemes, and if we participate in those, we may not need to opt for the Government Provident Fund scheme. Is that correct? Or is it optional?
Please advise urgently.
Thanks,
Partha
From India, Mumbai
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My question is, we were suggested that companies like Aviva, LIC, or Max offer such schemes, and if we participate in those, we may not need to opt for the Government Provident Fund scheme. Is that correct? Or is it optional?
Please advise urgently.
Thanks,
Partha
From India, Mumbai
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Dear Partha,
The pension schemes you have mentioned are for individuals and for some groups. This will not be treated as a substitute for the Employees Provident Fund Scheme.
Hence, every establishment with 20 or more workers is required to be covered under the EPF Act 1952. Alternatively, you can create your own PF Trust to manage the fund, but that too is controlled by EPFO.
S. Sethupathy
Excellent HR Services
Erode
From India, Selam
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The pension schemes you have mentioned are for individuals and for some groups. This will not be treated as a substitute for the Employees Provident Fund Scheme.
Hence, every establishment with 20 or more workers is required to be covered under the EPF Act 1952. Alternatively, you can create your own PF Trust to manage the fund, but that too is controlled by EPFO.
S. Sethupathy
Excellent HR Services
Erode
From India, Selam
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What is the procedure to register a Company for EPF which is having less than 20 employees ? And what are all the procedures and documents thats has to be filed for registration of the same ?
From India, Bengaluru
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From India, Bengaluru
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Dear All Members and Seniors,
I am working in a Pvt Ltd firm with 50 employees on staff, and currently, we do not have any PF account or policy for employees. Now, the management wants to meet the criteria for deducting PF from employee salaries. Can you all help me understand how we can start PF in our company? What is the procedure and the eligibility criteria for PF? Also, what is the minimum salary range on which PF is applied?
I kindly request your guidance on this matter. Thank you.
From India, undefined
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I am working in a Pvt Ltd firm with 50 employees on staff, and currently, we do not have any PF account or policy for employees. Now, the management wants to meet the criteria for deducting PF from employee salaries. Can you all help me understand how we can start PF in our company? What is the procedure and the eligibility criteria for PF? Also, what is the minimum salary range on which PF is applied?
I kindly request your guidance on this matter. Thank you.
From India, undefined
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Provident Fund - Excluded Employee - Definition.pdf