Hello Everyone,
I am looking forward for a help from all of you,
If a establishment is exempted then why do that establishment needs to have forms related to PF and EPF for its employees?
Also i was going through the EPFO site where i found some laws related to new scheme, which states if the employee completes 58 yrs of his age between 93-95 then he could avail..... facilties. My question over here is....are there any changes in the PF act after 95 if yes then where i can find that.
Please let me know in case i am not clear in my question.
Looking forward for apositve and early replies.
Regards,
Neha Khale
From India, Bhopal
4I am looking forward for a help from all of you,
If a establishment is exempted then why do that establishment needs to have forms related to PF and EPF for its employees?
Also i was going through the EPFO site where i found some laws related to new scheme, which states if the employee completes 58 yrs of his age between 93-95 then he could avail..... facilties. My question over here is....are there any changes in the PF act after 95 if yes then where i can find that.
Please let me know in case i am not clear in my question.
Looking forward for apositve and early replies.
Regards,
Neha Khale
From India, Bhopal
please define the exempted establishment and unexempted establishment and help me to know about the main difference between these establishment.
From India, Faridabad
From India, Faridabad
Hello Kumarji,
Unexempted Establishment are those establishments to whom the Employees’ Provident Fund & Miscellaneous Provisions Act 1952 is applicable.
Exempted Establishment are those establishment where employer forms his own Provident Fund Trust for benefits of his employees.For example Bajaj has its own trust.Therefore it is exempted establishment.
From India, Pune
Unexempted Establishment are those establishments to whom the Employees’ Provident Fund & Miscellaneous Provisions Act 1952 is applicable.
Exempted Establishment are those establishment where employer forms his own Provident Fund Trust for benefits of his employees.For example Bajaj has its own trust.Therefore it is exempted establishment.
From India, Pune
Dear Neha ji,
Exempted establishment does not mean that the establishment is exempted from the provisions / applicability of EPF&MP Act 1952.
Exempted establishment means the establishment which is permitted to form its own Provident Fund Trust for benefits of employees. The employer executes the Trust Deed, prepares the Provident Fund Rules and nominates the trustees amongst its employees for administering and managing the Trust.
On formation of Provident Fund Trust the employer has to obtain recognition to this Trust from the Commissioner of the Income Tax and thereafter apply to the office of the RPFC for granting exemption from the Provisions of the EPF&MP Act 1952 and the Schemes framed thereunder.
The employer pays its monthly contributions to the Trustees who are in charge and responsible for day to day management and administration of the trust including that of doing necessary investments as per the pattern laid down in Rule 67 of the Income Tax Rules 1962.
In exempted establishment, thus, PF fund the not managed by RPFC.
From India, Mumbai
Exempted establishment does not mean that the establishment is exempted from the provisions / applicability of EPF&MP Act 1952.
Exempted establishment means the establishment which is permitted to form its own Provident Fund Trust for benefits of employees. The employer executes the Trust Deed, prepares the Provident Fund Rules and nominates the trustees amongst its employees for administering and managing the Trust.
On formation of Provident Fund Trust the employer has to obtain recognition to this Trust from the Commissioner of the Income Tax and thereafter apply to the office of the RPFC for granting exemption from the Provisions of the EPF&MP Act 1952 and the Schemes framed thereunder.
The employer pays its monthly contributions to the Trustees who are in charge and responsible for day to day management and administration of the trust including that of doing necessary investments as per the pattern laid down in Rule 67 of the Income Tax Rules 1962.
In exempted establishment, thus, PF fund the not managed by RPFC.
From India, Mumbai
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