Dear All,
Enclosed, please find the details of the roles and responsibilities of the employer and employee under the EPF Act (Provident Fund). I hope this information will help you clear any queries you may have regarding the EPF Act.
Regards,
Amit Seth
From India, Ahmadabad
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508Enclosed, please find the details of the roles and responsibilities of the employer and employee under the EPF Act (Provident Fund). I hope this information will help you clear any queries you may have regarding the EPF Act.
Regards,
Amit Seth
From India, Ahmadabad
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Hi Amit sir, Thanks For The Nice Presentation. I Think There is a amendment in the act. The Minimum no. of employee’s requirement for Coverage is 10 Now. Please Correct if wrong. Regards, Rahul
From India, Delhi
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From India, Delhi
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Sir,
This is the post of one of the other members currently running. Is she right or wrong.
Regards,
Rahul
Employees' Provident Funds & Miscellaneous Provisions Act, 1952
Government on Saturday, 5th July 2008, approved the proposal of bringing industries with ten or more employees under the ambit of Employees' Provident Fund (EPF) against the earlier limit of twenty or more workers.
A high-level meeting of board members of the Central Provident Fund chaired by Union Labour Minister Oscar Fernandes decided that the industries with ten or more employees will have to contribute towards the EPF accounts from now on.
"The ceiling for the industries has been revised and now any industry with ten or more employees will have to deduct EPF money of the employees," Union Labour Minister Oscar Fernandes said.
Currently, only Scheduled industries with twenty or more employees are covered under the ambit of EPF. Now, as per new directions, any industry or establishment or commercial establishment or factory or charitable institute or educational institute or shop or IT establishment or research centers employing more than 9 employees will be covered under the EPF Act.
Regards,
Minal
From India, Delhi
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This is the post of one of the other members currently running. Is she right or wrong.
Regards,
Rahul
Employees' Provident Funds & Miscellaneous Provisions Act, 1952
Government on Saturday, 5th July 2008, approved the proposal of bringing industries with ten or more employees under the ambit of Employees' Provident Fund (EPF) against the earlier limit of twenty or more workers.
A high-level meeting of board members of the Central Provident Fund chaired by Union Labour Minister Oscar Fernandes decided that the industries with ten or more employees will have to contribute towards the EPF accounts from now on.
"The ceiling for the industries has been revised and now any industry with ten or more employees will have to deduct EPF money of the employees," Union Labour Minister Oscar Fernandes said.
Currently, only Scheduled industries with twenty or more employees are covered under the ambit of EPF. Now, as per new directions, any industry or establishment or commercial establishment or factory or charitable institute or educational institute or shop or IT establishment or research centers employing more than 9 employees will be covered under the EPF Act.
Regards,
Minal
From India, Delhi
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Dear Rahul, I had also gone through the same News.. it was clearly stated that it has been proposed and will be enforce only after approval.
From India, Ahmadabad
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From India, Ahmadabad
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Dear Zeetah,
Can you please explain your query a little more? Whether your employer is deducting PF without your consent, or you suspect that he is not depositing it with the authorities, or something else. Please explain.
Regards,
Rahul
From India, Delhi
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Can you please explain your query a little more? Whether your employer is deducting PF without your consent, or you suspect that he is not depositing it with the authorities, or something else. Please explain.
Regards,
Rahul
From India, Delhi
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Thanks for responding.
The situation is such that the employer does NOT deduct and does not pay EPF and SOCSO but didn't inform the employee at the time of employment. After a month, the employee realizes this upon receiving the first paycheck and asked, but was told that they simply do not pay because they claim that they do not have to pay if the number of staff is less than 5.
Is that legal? Or is a report due against the employer?
From Malaysia, Seremban
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The situation is such that the employer does NOT deduct and does not pay EPF and SOCSO but didn't inform the employee at the time of employment. After a month, the employee realizes this upon receiving the first paycheck and asked, but was told that they simply do not pay because they claim that they do not have to pay if the number of staff is less than 5.
Is that legal? Or is a report due against the employer?
From Malaysia, Seremban
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Dear Zeetah,
The answer to the question lies in one's contract or appointment letter with the employer. It depends on whether the term PF, etc., is being discussed in the contract or if the contract is just silent about it. If it is silent about the term, and the employer, as per law, is exempted or out of the purview of the act, he is safe and not burdened with any legal responsibility towards his employees regarding the PF.
Regards,
Rahul
From India, Delhi
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The answer to the question lies in one's contract or appointment letter with the employer. It depends on whether the term PF, etc., is being discussed in the contract or if the contract is just silent about it. If it is silent about the term, and the employer, as per law, is exempted or out of the purview of the act, he is safe and not burdened with any legal responsibility towards his employees regarding the PF.
Regards,
Rahul
From India, Delhi
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Hey there,
I think this question has been raised before on this forum, but I am still confused. When a worker is paid minimum wage (let's say 3500 Rs) and the wage is split/bifurcated as follows:
2000 Rs Basic + DA
1500 HRA
What should form the basis of the PF contribution by the employer? Should it be made on the whole 3500, or can they simply pay on the Basic + DA of 2000 Rs? Your thoughts would be appreciated!
From India, Delhi
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I think this question has been raised before on this forum, but I am still confused. When a worker is paid minimum wage (let's say 3500 Rs) and the wage is split/bifurcated as follows:
2000 Rs Basic + DA
1500 HRA
What should form the basis of the PF contribution by the employer? Should it be made on the whole 3500, or can they simply pay on the Basic + DA of 2000 Rs? Your thoughts would be appreciated!
From India, Delhi
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