As per the provisions of the PF Rules, if the permanent strength (salary being paid regularly) of employees is more than 20, the organization needs to provide PF facility. To apply for the same, please approach the local EPF office, collect relevant forms, and submit the filled-in application. It is not very cumbersome, and records that are needed are ~ P&L account, salary register(s), attendance register(s), extract of bank accounts, memorandum of association, etc. There are many consultants who can get this done for you by collecting a fee. The EPF organization may choose to visit your premises and demand to inspect all old records, so be ready for the same. Though you can restructure the CTC to accommodate the PF recovery, initially there will be a drop in take-home pay of employees, which will become a reason for resistance from them.
All the best!
From India, Bangalore
Acknowledge(0)
Amend(0)
16All the best!
From India, Bangalore
Acknowledge(0)Amend(0)
The P.F. Act is applicable to a factory specified in Schedule I appended to the Act employing twenty or more employees who need not only be permanent but also includes contract labor. So, first ascertain whether your establishment is a factory covered under Schedule I. An establishment other than a factory can be covered by a notification issued by the Central Government. This needs to be confirmed first by you, provided it employs twenty or more employees.
B. Saikumar
HR & Labour Law Consultant
Chipinbiz Consultancy Pvt. Ltd
Mumbai
Tel: 09930532927
From India, Mumbai
Acknowledge(0)Amend(0)
B. Saikumar
HR & Labour Law Consultant
Chipinbiz Consultancy Pvt. Ltd
Mumbai
Tel: 09930532927
From India, Mumbai
Acknowledge(0)Amend(0)
Dear Sir,
You have to apply for the company through the concerned P.F. Enforcement Officer in your area. Normally, he will be stationed at the District Headquarters. He will provide the application for coverage of P.F. and guide you in this regard.
D. Gurumurthy
LL. HR & IR Consultant
From India, Hyderabad
Acknowledge(0)Amend(0)
You have to apply for the company through the concerned P.F. Enforcement Officer in your area. Normally, he will be stationed at the District Headquarters. He will provide the application for coverage of P.F. and guide you in this regard.
D. Gurumurthy
LL. HR & IR Consultant
From India, Hyderabad
Acknowledge(0)Amend(0)
Dear Sir,
We are a factory establishment with our headquarters in Mumbai. All our employees are covered under EPF using one code. We engage contract workmen in various units. However, we have noticed that contractors often fail to remit PF regularly. Therefore, we need to obtain a separate code for contract workmen at each location.
Could you please guide us on the procedure for obtaining a subcode for contract workmen?
Thank you,
SONIA
From India, Mumbai
Acknowledge(0)Amend(0)
We are a factory establishment with our headquarters in Mumbai. All our employees are covered under EPF using one code. We engage contract workmen in various units. However, we have noticed that contractors often fail to remit PF regularly. Therefore, we need to obtain a separate code for contract workmen at each location.
Could you please guide us on the procedure for obtaining a subcode for contract workmen?
Thank you,
SONIA
From India, Mumbai
Acknowledge(0)Amend(0)
I am a labour law consultant in bangalore handling PF, ESI, labour department & PT issues.if any help required, please contact me. Adithiyaa 9845118541
From India, Bangalore
Acknowledge(0)Amend(0)
From India, Bangalore
Acknowledge(0)Amend(0)
Either you can obtain a sub-code number for the contractors, or you can deduct the E.P.F. contribution from the contractor's bill and ensure that it is paid (legally permitted under the Act). In either case, the principal liability to clear the E.P.F. arrears lies with your company. Another option is that if the contractor has 20 or more employees, he can be instructed to obtain an independent E.P.F. Code No. so that the liability will be on his shoulders.
Thank you
From India, Palakkad
Acknowledge(0)Amend(0)
Thank you
From India, Palakkad
Acknowledge(0)Amend(0)
Sirji pf applicable on delivary charges,which is account head in p&l of balance sheet
From India, Mumbai
Acknowledge(0)Amend(0)
From India, Mumbai
Acknowledge(0)Amend(0)Looking for something specific? - Join & Be Part Of Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
Provident fund.zip
PROVIDENT FUND.rar
PROVIDENT FUND.doc