Hi I have recently joined a pharma ltd company in Mumbai. The issue is we want to strat with PF but none of us have much knowledge in the same. Kindly suggest how to start with the same.
From India, Mumbai
5From India, Mumbai
For an establishment employing 20 or employees, EPF is mandatory. As per law, those drawing Rs 6500 or less at the time of enforcement of PF are eligible to become members. Others can also become members but only if employer thinks fit and agrees to contribute his share of 12% at such higher salary of the employees. Once covered/ became member he continues to be a member irrespective of his salary.
On coverage the employer has to submit such forms as specified by the EPF Enforcement Officer.
As a member he has to contribute 12% of his salary (Basic+ DA) towards EPF. A similar contribution by the employer bifurcated as 8.33% and 3.67% will be made in Employees Pension (Scheme) Fund and Employees Provident respectively will be made by the employer.
Fund enables a member to take advances for purposes as specified and also to get pension.
There are a lot of discussions on the subject available in Labour and Employees Forum. Please verify that also.
Regards,
Madhu.T.K
From India, Kannur
On coverage the employer has to submit such forms as specified by the EPF Enforcement Officer.
As a member he has to contribute 12% of his salary (Basic+ DA) towards EPF. A similar contribution by the employer bifurcated as 8.33% and 3.67% will be made in Employees Pension (Scheme) Fund and Employees Provident respectively will be made by the employer.
Fund enables a member to take advances for purposes as specified and also to get pension.
There are a lot of discussions on the subject available in Labour and Employees Forum. Please verify that also.
Regards,
Madhu.T.K
From India, Kannur
Hi
i have sent u pf coverage form and docs reqd. for the same on your email id
i m a mumbai based consultant and practitioner for pf, esi, p.tax, shops and establishment, etc.
kindly contact me on my email id
or my no. 9324256806 or
9833203041 for any query regarding abovementioned subjects.
Haresh Shah
i have sent u pf coverage form and docs reqd. for the same on your email id
i m a mumbai based consultant and practitioner for pf, esi, p.tax, shops and establishment, etc.
kindly contact me on my email id
9833203041 for any query regarding abovementioned subjects.
Haresh Shah
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HC All - Trainees not covered for PF -2010.pdf
PF Ledger.xls