04 August 2012
Sir/Madam, Is P F Act applicable to the business entity where the number of employees is 10 or more.If so, then from when it is applicable.
04 August 2012
Employer Coverage:- *Establishments employing 20 or more employees *Cooperative societies Employing 50 or more employees & working without thtaid of power. *Any other establishment on voluntary basis. An establishment continues to be covered under the act, irrespective of the fall in employees’ strength.
04 August 2012
Employer Coverage:- *Establishments employing 20 or more employees *Cooperative societies Employing 50 or more employees & working without thtaid of power. *Any other establishment on voluntary basis. An establishment continues to be covered under the act, irrespective of the fall in employees’ strength.
04 August 2012
Rate of Contribution √ 12% of basic & DA, in case of 175 establishments. √ 10% in case of following:‐ √ Brick √ Beedi √ Jute √ Guar gum factories √ Coir industry other than spinning sector √ Declared sick units by BIFR A matching contribution from employees is also to be recovered. The following are the charges of PF Account No. Details Employees Employer 1 PF contribution account 12 3.67 2 PF Admin account 1.10 10 Pension Fund account 8.33 21 EDLIS account 0.50 22 EDLIS admin account 0.01 Total 12 13.61
04 August 2012
Duties of Employer: 1. Deposit the amount on or before 15th of every month. 2. File monthly returns in form 12A, 5, and 10. 3. Maintain contribution card of each employee in form 3A 4. File an annual return in form 3A & 6A
04 August 2012
Important:For the calculation of 12% of Basic salary, the maximum limit of basic is Rs.6500, i.e. the employer is liable to contribute only on Rs. 6500.However, if the employee may so desire, and he can contribute more than 12%.
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