Dear seniors,
I am working in an ad agency with a staff of 45 employees. It's a 5-year-old agency in Bangalore, but it is not registered under the PF account. Please advise me on how to register under the PF account and if there are any penalties for delays in filing returns or challans.
Additionally, could you please provide information on the documents required for registration?
Regards,
Ritu
From India, Bangalore
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1I am working in an ad agency with a staff of 45 employees. It's a 5-year-old agency in Bangalore, but it is not registered under the PF account. Please advise me on how to register under the PF account and if there are any penalties for delays in filing returns or challans.
Additionally, could you please provide information on the documents required for registration?
Regards,
Ritu
From India, Bangalore
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Dear Ritu,
Please go through the [EPFO](http://epfindia.com) link and adhere to the same. You can download the forms, fill them out, and approach your district PF Commissioner's Office to get the registration done. When approaching the office, please mention that you are doing so on a voluntary basis and not in response to any notice.
Our members can guide you through the procedures up to a certain level, but in practice, it may be a bit different. Take the list of your employees for whom you plan to deduct the PF along with the form. The PF Commissioner's office will assign you an Establishment Code, and from that point on, you can start deducting the PF.
From India, Kumbakonam
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Please go through the [EPFO](http://epfindia.com) link and adhere to the same. You can download the forms, fill them out, and approach your district PF Commissioner's Office to get the registration done. When approaching the office, please mention that you are doing so on a voluntary basis and not in response to any notice.
Our members can guide you through the procedures up to a certain level, but in practice, it may be a bit different. Take the list of your employees for whom you plan to deduct the PF along with the form. The PF Commissioner's office will assign you an Establishment Code, and from that point on, you can start deducting the PF.
From India, Kumbakonam
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Dear Ritu,
Yes, any establishment having more than 20 workers has to be covered under PF/ESI (now they have proposed to 10 employees). You have to register for both ESI and PF. Attaching the list of documents needed to obtain ESI and PF code for your organization. Penalties will be there, but they will be recovered after you file your returns. (Penalties/damages will be collected for both PF & ESI). Your company has been running for 5 years; are you covered under the Shops & Commercial Act? It would be better to engage a consultant who can assist in obtaining all the necessary licenses to proceed further.
Thanks and regards
From India, Mumbai
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Yes, any establishment having more than 20 workers has to be covered under PF/ESI (now they have proposed to 10 employees). You have to register for both ESI and PF. Attaching the list of documents needed to obtain ESI and PF code for your organization. Penalties will be there, but they will be recovered after you file your returns. (Penalties/damages will be collected for both PF & ESI). Your company has been running for 5 years; are you covered under the Shops & Commercial Act? It would be better to engage a consultant who can assist in obtaining all the necessary licenses to proceed further.
Thanks and regards
From India, Mumbai
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Dear Sir i’m working with one of the mumbai based pharma company so i want to know my PF money deposited in to my account MH/39783/149 . Thanks and regards mohd nasir
From India, Mumbai
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From India, Mumbai
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Hi Ritu,
Please provide your office address and contact numbers so that we can approach you regarding your queries about Registrations, Monthly Services, etc.
Regards,
Babu - 09964619465
Gurukrupa Consultants,
Bangalore.
From India, Bangalore
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Please provide your office address and contact numbers so that we can approach you regarding your queries about Registrations, Monthly Services, etc.
Regards,
Babu - 09964619465
Gurukrupa Consultants,
Bangalore.
From India, Bangalore
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Hi , Really this is useful for me... In my rural BPO 60 employees are working with Net Salary Rs.4000. We are going to calculate PF to them Kindly tell me your suggestion.....
From India, Tuticorin
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From India, Tuticorin
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Dear Thangaraj,
You have to deduct 12% from the basic salary (Basic + DA) of employees. Could you please clarify whether Rs. 4000 represents the net salary or the gross salary? The net salary is the amount remaining after deductions such as ESI, PF, LOP, PT, etc.
If it is the gross salary, are you ensuring compliance with the minimum wages for the employees as per the Shops and Establishments Act?
Thank you.
From India, Mumbai
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You have to deduct 12% from the basic salary (Basic + DA) of employees. Could you please clarify whether Rs. 4000 represents the net salary or the gross salary? The net salary is the amount remaining after deductions such as ESI, PF, LOP, PT, etc.
If it is the gross salary, are you ensuring compliance with the minimum wages for the employees as per the Shops and Establishments Act?
Thank you.
From India, Mumbai
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Can any one tell me what a new joinee has to do regarding deduction of PF, my accounts department is saying you don’t have to fill up any form.
From India
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From India
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Dear Sir,
As I'm working as an Admin/Accounts Executive in a recognized organization in Visakhapatnam, we are planning to implement PF for our employees, and we have a staff of 36 employees. However, I am unfamiliar with the process for PF implementation. Therefore, kindly guide me on how to complete the process.
Thanks & Regards, Tirumala Rao
From India, Bangalore
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As I'm working as an Admin/Accounts Executive in a recognized organization in Visakhapatnam, we are planning to implement PF for our employees, and we have a staff of 36 employees. However, I am unfamiliar with the process for PF implementation. Therefore, kindly guide me on how to complete the process.
Thanks & Regards, Tirumala Rao
From India, Bangalore
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