I am working with small IT firm, employees strength approx. 20. I want to add PF facility for the personnel benefits in the company. How can I add this variable to salary (mean by procedure)?? I got information that min. 25 employees are require to add this variable in the salary. Is it correct?? If not, then how many min. employees require for PF deduction in company??? What should be the percentage??
Kindly provide your valuable feedback.
From India, Delhi
Kindly provide your valuable feedback.
From India, Delhi
Dear Concerned,
Once you touch an employee strength of 20, it becomes mandatory to take PF registration.
However, you may also apply for PF registration even if your strength is less than 20.
You must remember that for adding this variable to salary, you must take PF registration.
Search a little in this website only and you will find many posts on how to register for PF, what are the various challans and rate of remittances.
From India, Delhi
107Once you touch an employee strength of 20, it becomes mandatory to take PF registration.
However, you may also apply for PF registration even if your strength is less than 20.
You must remember that for adding this variable to salary, you must take PF registration.
Search a little in this website only and you will find many posts on how to register for PF, what are the various challans and rate of remittances.
From India, Delhi
Hi ,
Here is the details that you asked over citehr.
The Employer should get the Factory or Establishment registered with the ESI Corporation within 15 days of the applicability of ESI Act. The declaration of registration is to be filled in form 01, along with a separate sheet containing the name and address of the Establishment, number of employees, nature of duty and name, designation and address of the manager controlling such persons, in respect of office situated outside. After been satisfied with the application the ESI regional office will allot a code number to the employer.
After that only you can register your employees with the ESI. They have to fill up a declaration form FORM 1, written clearly Male or Female. All the declaration forms should be counter signed by the employer.
Then prepare a return of declaration in form 3 separate for Male & Female within 10 days of filling of declaration form.
Then every employee shall be allotted an temporary identification number.
For PF formalities the company must be 3 years old. After that only it can be registered with the PF department. Even for this Act also the minimum number of employee should be 20.
Every employer of an establishment to which the Employee Provident Fund Act applies, should submit in Form 5A(in duplicate) to the commissioner, particulars of all the branches and departments, owners, directors, partners if any or any other person who is controlling its affair within 15 days of its applicability of the scheme.
On receipt of Form 5A, the commissioner shall verify the particulars submitted and after been satisfied shall allot an Establishment Code No.
Hope now it will be very much clear with you.
Regards,
Manoj S
From India, Mumbai
Here is the details that you asked over citehr.
The Employer should get the Factory or Establishment registered with the ESI Corporation within 15 days of the applicability of ESI Act. The declaration of registration is to be filled in form 01, along with a separate sheet containing the name and address of the Establishment, number of employees, nature of duty and name, designation and address of the manager controlling such persons, in respect of office situated outside. After been satisfied with the application the ESI regional office will allot a code number to the employer.
After that only you can register your employees with the ESI. They have to fill up a declaration form FORM 1, written clearly Male or Female. All the declaration forms should be counter signed by the employer.
Then prepare a return of declaration in form 3 separate for Male & Female within 10 days of filling of declaration form.
Then every employee shall be allotted an temporary identification number.
For PF formalities the company must be 3 years old. After that only it can be registered with the PF department. Even for this Act also the minimum number of employee should be 20.
Every employer of an establishment to which the Employee Provident Fund Act applies, should submit in Form 5A(in duplicate) to the commissioner, particulars of all the branches and departments, owners, directors, partners if any or any other person who is controlling its affair within 15 days of its applicability of the scheme.
On receipt of Form 5A, the commissioner shall verify the particulars submitted and after been satisfied shall allot an Establishment Code No.
Hope now it will be very much clear with you.
Regards,
Manoj S
From India, Mumbai
Coverage :
1.For Establishments employing 20 or more persons is mandatory to register under PF.
2. Co-operative Societies, employing 50 or more persons
An establishment continues to be covered under the Act, irrespective of the fall in the employment strength.
Contributions:
Statutory rate of contribution is 12% of emoluments (basic wages, dearness allowance, cash value of food concession and retaining allowances if any,)
Only in few cases like Brick, beedi, jute, coir industry contribution rate is 10%
A matching contribution is to be collected from the emoluments of the employees.
Out of 12% of the employer's share of contribution, 8.33% is to be remitted towards pension fund.
Employer is also required to pay a contribution of 0.5% of the emoluments towards EDLI.
From India, Bangalore
1.For Establishments employing 20 or more persons is mandatory to register under PF.
2. Co-operative Societies, employing 50 or more persons
An establishment continues to be covered under the Act, irrespective of the fall in the employment strength.
Contributions:
Statutory rate of contribution is 12% of emoluments (basic wages, dearness allowance, cash value of food concession and retaining allowances if any,)
Only in few cases like Brick, beedi, jute, coir industry contribution rate is 10%
A matching contribution is to be collected from the emoluments of the employees.
Out of 12% of the employer's share of contribution, 8.33% is to be remitted towards pension fund.
Employer is also required to pay a contribution of 0.5% of the emoluments towards EDLI.
From India, Bangalore
Dear sir,
You can go far third party payroll for your employees wherein all PF benefits can be given to employees as per law.
Thanks & Regards,
Mr.Narendra
SHARP PAYROLL SERVICES
Sai Prasad Bldg,B-wing,
4th Floor, Teli Gulli Cross Lane,
Andheri-East, Mumbai-400 069.
Tel-022-2682 4886 / 6556 0688.
Mobile :- 09892067462
E-mail :-
From India, Mumbai
You can go far third party payroll for your employees wherein all PF benefits can be given to employees as per law.
Thanks & Regards,
Mr.Narendra
SHARP PAYROLL SERVICES
Sai Prasad Bldg,B-wing,
4th Floor, Teli Gulli Cross Lane,
Andheri-East, Mumbai-400 069.
Tel-022-2682 4886 / 6556 0688.
Mobile :- 09892067462
E-mail :-
From India, Mumbai
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PF Information.doc
PF - AADHAR - INFORMATION.pdf