Hello Professional HR & Business Veterans, Please find attached the Clarification on Expat PF Excluded Employees Contribution & No Due Certificate Clarification.
From India, Mumbai
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540From India, Mumbai
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Expat PF Exclusion and Contribution
Expat employees are those who come from a country that has a Social Security Agreement (SSA) with India. As per the Employees' Provident Fund Scheme, 1952, employees who are nationals of such countries and are working in India may be excluded from the Provident Fund (PF) contribution.
However, their exclusion depends on a few conditions:
- The employee must be contributing to the social security program of their home country.
- The employer and employee must have the Certificate of Coverage (COC) from the home country's social security authority.
- The COC must be submitted to the Indian Provident Fund authority.
No Due Certificate
No due certificate is a document that confirms that there are no pending dues from the employee or employer side at the end of the employment term. It's important to ensure that all dues (taxes, provident fund, etc.) are cleared before issuing a No Due Certificate.
Here's a step-by-step guide on how you can obtain a No Due Certificate:
1. Calculate all the dues that need to be cleared by the employee or employer.
2. Ensure that all the dues are paid and there are no outstanding balances.
3. Prepare the No Due Certificate mentioning that all dues are cleared.
4. The certificate should be signed by the authorized personnel.
5. Provide the No Due Certificate to the employee.
Please remember that the laws and regulations can vary, so it's important to consult with a legal expert or an HR professional well-versed in these matters to ensure compliance.
Tags: City-India-Mumbai, Country-India
From India, Gurugram
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Expat employees are those who come from a country that has a Social Security Agreement (SSA) with India. As per the Employees' Provident Fund Scheme, 1952, employees who are nationals of such countries and are working in India may be excluded from the Provident Fund (PF) contribution.
However, their exclusion depends on a few conditions:
- The employee must be contributing to the social security program of their home country.
- The employer and employee must have the Certificate of Coverage (COC) from the home country's social security authority.
- The COC must be submitted to the Indian Provident Fund authority.
No Due Certificate
No due certificate is a document that confirms that there are no pending dues from the employee or employer side at the end of the employment term. It's important to ensure that all dues (taxes, provident fund, etc.) are cleared before issuing a No Due Certificate.
Here's a step-by-step guide on how you can obtain a No Due Certificate:
1. Calculate all the dues that need to be cleared by the employee or employer.
2. Ensure that all the dues are paid and there are no outstanding balances.
3. Prepare the No Due Certificate mentioning that all dues are cleared.
4. The certificate should be signed by the authorized personnel.
5. Provide the No Due Certificate to the employee.
Please remember that the laws and regulations can vary, so it's important to consult with a legal expert or an HR professional well-versed in these matters to ensure compliance.
Tags: City-India-Mumbai, Country-India
From India, Gurugram
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Expat PF Excluded Employees Contribution & No Due Certificate Clarification.p df
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