hello freinds and seniors,
i have a querry regarding Provident Fund and esic that is if my salary is 20000/- per month and at the time of joining exempt from PF and esic but i have worked for 15 to 20 days and receivable salary under 15000/- then how it will be treated
liable for PF and ESIC or not ??? plz discribe briefly abt rules and have any notification plz inform
it is important and urgent
bipin
From India, Ahmedabad
1i have a querry regarding Provident Fund and esic that is if my salary is 20000/- per month and at the time of joining exempt from PF and esic but i have worked for 15 to 20 days and receivable salary under 15000/- then how it will be treated
liable for PF and ESIC or not ??? plz discribe briefly abt rules and have any notification plz inform
it is important and urgent
bipin
From India, Ahmedabad
I joined the company and initially did not subscibe to EPF,accordingly the company credited 12 % of basic to my salary as special pay.Next FY i subscribed to EPF and then this 12 % +my contribution of 12 % got credited to my EPF account.Now EPF audit wants the company to recover the 12% paid to me by the company during the non EPF subscription period from Me.
Is this legally correct.
From India, Pune
Is this legally correct.
From India, Pune
Has the ESIC Notification for Increase Limit to 21000 come into effect? I have seen only the Draft of the same, did not see the approved version. Kindly post if any of you know about it.
From India, Kollam
From India, Kollam
@AKDPD
as per the records of EPFO
date of joining and date of contribution differs
that is the reason for recovery notice.
Every Member should be member of EPFO from the date of joining,
please read the rule 26A para (2)
---------------------------------------------
26A. Retention of membership
(1) A member of the Fund shall continue to be member until he withdraws
under paragraph 69 the amount standing to his credit in the Fund or is
covered by a notification of exemption under section 17 of the Act or an
order of exemption under paragraph 27 or paragraph 27A.
Explanation: In the case of claim for refund by a member under subparagraph
(2) of paragraph 69, the membership of the fund shall be deemed
to have been terminated from the date the payment is authorised to him by
the authority specified in this behalf by Commissioner irrespective of the date
of claim.
****
(2) Every member employed as an employee other than an excluded
employee, in a factory or other establishment to which this Scheme applies,
shall contribute to the Fund, and the contribution shall be payable to the
Fund in respect of him by the employer. Such contribution shall be in
accordance with the rate specified in paragraph 29:
********
Provided that subject to the provisions contained in sub-paragraph (6) of
paragraph 26 and [in paragraph 27], or sub-paragraph (1) of paragraph 27-
A, where the monthly pay of such a member exceeds [six thousand and five
hundred rupees] the contribution payable by him, and in respect of him by
the employer, shall be limited to the amounts payable on a monthly pay of
[six thousand and five hundred rupees] including [dearness allowance,
retaining allowance (if any) and] cash value of food concession]
as per the records of EPFO
date of joining and date of contribution differs
that is the reason for recovery notice.
Every Member should be member of EPFO from the date of joining,
please read the rule 26A para (2)
---------------------------------------------
26A. Retention of membership
(1) A member of the Fund shall continue to be member until he withdraws
under paragraph 69 the amount standing to his credit in the Fund or is
covered by a notification of exemption under section 17 of the Act or an
order of exemption under paragraph 27 or paragraph 27A.
Explanation: In the case of claim for refund by a member under subparagraph
(2) of paragraph 69, the membership of the fund shall be deemed
to have been terminated from the date the payment is authorised to him by
the authority specified in this behalf by Commissioner irrespective of the date
of claim.
****
(2) Every member employed as an employee other than an excluded
employee, in a factory or other establishment to which this Scheme applies,
shall contribute to the Fund, and the contribution shall be payable to the
Fund in respect of him by the employer. Such contribution shall be in
accordance with the rate specified in paragraph 29:
********
Provided that subject to the provisions contained in sub-paragraph (6) of
paragraph 26 and [in paragraph 27], or sub-paragraph (1) of paragraph 27-
A, where the monthly pay of such a member exceeds [six thousand and five
hundred rupees] the contribution payable by him, and in respect of him by
the employer, shall be limited to the amounts payable on a monthly pay of
[six thousand and five hundred rupees] including [dearness allowance,
retaining allowance (if any) and] cash value of food concession]
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