Dear all,
We would like to know about follwing points with regard to Foreign Employee contribution under EPF act 1952
1. any limit are defined or not ? ( For eg 6500 rs. for India)
2. is there any declaration form to be submitted ? if yes which form to be used.
3. is there any challan and returuns to be sent to EPF office?
4.contribution distribution is calculated as we calculate in india or different? (exp: 12% employe & 12% employer)
From India, Mumbai
We would like to know about follwing points with regard to Foreign Employee contribution under EPF act 1952
1. any limit are defined or not ? ( For eg 6500 rs. for India)
2. is there any declaration form to be submitted ? if yes which form to be used.
3. is there any challan and returuns to be sent to EPF office?
4.contribution distribution is calculated as we calculate in india or different? (exp: 12% employe & 12% employer)
From India, Mumbai
In respect of international worker, the employer is bound to contribute on the total amount of salary (Basic + DA+ retaining allowance as similar to Indian workers) without any limit of Rs 6500. The employer's contribution is to be distributed as 8.33% of Rs 6500 to Employees Pension Fund and the remaining (total minus Rs 541) to be paid in to the Employees Provident Fund along with employee's share of 12%.
There is no separate challan for deposit but the amount shall be deposited along with other Indian employees using the same challans.
A statement in form IW-1 is to be sent while an international worker takes up employment.
For more details please visit the website of Employees Provident Fund Organisation or follow the link.
EPFO <link updated to site home>
Regards,
Madhu.T.K
From India, Kannur
4249There is no separate challan for deposit but the amount shall be deposited along with other Indian employees using the same challans.
A statement in form IW-1 is to be sent while an international worker takes up employment.
For more details please visit the website of Employees Provident Fund Organisation or follow the link.
EPFO <link updated to site home>
Regards,
Madhu.T.K
From India, Kannur
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
10 hidden rule of EPF.docx
Egazette HIV AIDS Rule 2018 eng.pdf