Dear Members,
I would also like to thank to Shewta for sparing her valuable time in preparing/ collecting this material. Form 10 C is in duplicate. PF word file says that for PF formalities the company must be 3 years old & thereafter it can be registered with PF department. I wanted to clear whether this statement is correct. What are the formalities we are to complete after 3 years except registration.
Thanks in advance.
With Regards,
Bhawna Bhardwaj
From India, New Delhi
I would also like to thank to Shewta for sparing her valuable time in preparing/ collecting this material. Form 10 C is in duplicate. PF word file says that for PF formalities the company must be 3 years old & thereafter it can be registered with PF department. I wanted to clear whether this statement is correct. What are the formalities we are to complete after 3 years except registration.
Thanks in advance.
With Regards,
Bhawna Bhardwaj
From India, New Delhi
Dear Bhawna,
With effect from 1-8-1988 , the Provident fund Act is applicable to the establishment employing twenty or more persons on expiry of a period of three years from the date of set up . From 22-9-1997 this infancy of three years has been dispensed with and all the establishments employing 20 or more persons are brought under the purview of the Act from the very date of set up subject to fulfillment of other conditions . The provisions of the Act applies on its own force independently .
Once your registration is completed and Employee is allotted a employee code.
A new employee should fill Form 2 and Form 11.
The Employer should start deducting PF contribution from himself and the employee. Then he should file the monthly returns and yearly returns accordingly.
Regards/Shweta
From India, Mumbai
74With effect from 1-8-1988 , the Provident fund Act is applicable to the establishment employing twenty or more persons on expiry of a period of three years from the date of set up . From 22-9-1997 this infancy of three years has been dispensed with and all the establishments employing 20 or more persons are brought under the purview of the Act from the very date of set up subject to fulfillment of other conditions . The provisions of the Act applies on its own force independently .
Once your registration is completed and Employee is allotted a employee code.
A new employee should fill Form 2 and Form 11.
The Employer should start deducting PF contribution from himself and the employee. Then he should file the monthly returns and yearly returns accordingly.
Regards/Shweta
From India, Mumbai
Dear All,
Is it mandatory for the companies to offer a CTC to the candidates/employees exclusive of the employer's contribution to EPF (which is 12% + taxes; around 13.6%)?
Can a company include his share of EPF contribution into the CTC? Is it legal, illegal or does it depends on the company's wish?
From India, Delhi
Is it mandatory for the companies to offer a CTC to the candidates/employees exclusive of the employer's contribution to EPF (which is 12% + taxes; around 13.6%)?
Can a company include his share of EPF contribution into the CTC? Is it legal, illegal or does it depends on the company's wish?
From India, Delhi
It is impressive efforts done by you. Very good keep it up. Like wise if you have information about esi, please post the same for all.
From India, Jaipur
From India, Jaipur
Good work. It is not possible to me to keep quite without appreciating you for the information collected.
From India, Hyderabad
From India, Hyderabad
dear sir i have completed my MBA with HR i want to join an organisation please provide me an opportunity with regard shoukat
From India
From India
Dear Sweta, Thanks for shairing the wonderful information. Keep it up.......................... Regards, BrijLal Arora HR & Admin MUSCO Stamping Rudrapur Uttrakhand. 09927255007
From India, New Delhi
From India, New Delhi
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Provident fund.zip
PROVIDENT FUND.rar
PROVIDENT FUND.doc