Employee Provident Fund

Contact your Employer or check your PF Account statement, the EPF Establishment code will be there

Applicability of EPF Registration for Employers

EPF registration is mandatory for all establishments-

which is a factory engaged in any industry having 20 or more persons, and

to any other establishment employing 20 or more persons or class of such establishments which the Central Government may, by notification specify on this behalf.

The employer must obtain the registration within 1 month of attaining the strength, failing which penalties will be applicable .A registered establishment continues to be under the purview of the Act even if the employee strength falls below the required minimum.

Central Government may apply the provisions to any establishment employing less than 20 employees after giving not less than two months’ notice for compulsory registration.

Where the employer and majority of employees have agreed that the provisions of this act should be made applicable to the establishment, they may themselves apply to the Central PF Commissioner. The Central PF Commissioner may apply the provisions of this Act to that establishment after passing the notification in the Official Gazette from the date of such agreement or from any subsequent date specified in the agreement.

Some establishments having less than 20 employees would also be required to obtain PF registration but that is voluntary registration. All the employees will be eligible for a PF from the commencement of their employment and the responsibility of deduction & payment of PF lies with the employer.

The PF contribution of 12% should be divided equally between the employer and employee. The employer’s contribution is 12% of basic salary. If the establishment has employed less than 20 employees, PF deduction rate will be 10%.

Contact SGC Management Services - ESI PF Consultant at

Direct No.

Mr.Satish Gupta :

9810162880

Mr.Ravi Barua :

9990052207

Mr.Jai Prakash :

9968454313

Mr.Sanjay Sharma :

9873087710

There are no categorical antonyms for checks and balances. The noun checks and balances is defined as: A system for multiple parties wherein each has some control over the actions of each of the others.

There is no such thing as an Annual Provident Fund Return Filing in India

Mr. Anand Vijaya Kumar, if you don't know anything about PF, then please don't make such type of idiot statement.

Usually provident fund is 12% of your basic salary. For daily wage employees it depends on the various components of your salary that your employer is paying out on a daily basis. Assuming you earn a salary of Rs. 200/- every day and your employer has put out Rs. 100/- as basic salary every day then your total basic salary per month would be Rs. 3000/- (approx) which in turn would mean that Rs. 360/- would be your monthly PF contribution. If your employer is registered with the EPF organization of India, then he can deduct this money from your salary and remit it with the EPF department every month against your name.

Contract labours do not get PF deduction in most cases. In the rare cases they do, it is the same 12% like permanent staff

Check your Job offer letter or pay slip. There will be a component called basic salary. It is not calculated but it is fixed by your employer based on your job, designation, experience etc

One disadvantage is that it is a compulsary government program in India for which you have no choice but to participate.

The Government wants to tell us the importance of routine saving over a long time. This lumpsum given during retirement can be used by the employee to continue his life without being financially dependent on anyone and stand on his own legs...

Hi, Download Form - 19 from www.epfindia.nic.in. Fill the form correctly and send the it by Courier to the respective PF Office, where your PF account is maintained. The money from your PF account will be credited to your bank account, as provided by you in the form - 19 within 4-6 weeks. - Sridhar Tirukovela

No. Currently it is comparable. EPF Offers 8.6% while banks offer around 9%

Usually it is 12% of your basic salary

It is a retirement planning scheme that is made mandatory by the government of India to all organizations that employ more than 20 employees as per their pay roll.

As per the PF act, a portion of the salary (Usually 12% of the basic salary) is deducted every month from the employees salary and deposited with the government PF trust. This money would be paid to the employee when he retires or when he quits his job and stops working.

No. Not at all. The amount in the PF account equals all the money that was deposited into it + interests

Actually PF deductions with employee is 12% from Basic and contribution for PF by employer is 12% +1.61% Adminstration charges.

So total percent given by an employer is 13.61%

Employees complete 12% goes to PF account while employer contributions' 8.33% goes to Pension fund and 3.67% goes to PF fund.

But this differs from company to company

After Searching ans of above que i thought that there is no facility to know our CPF balance.... all CPF member are dependent to Concern Organization. recently its shown that EPF balance are available online.

Salary a/c Dr.

To employee a/c

To ppf a/c

ppf a/c (employer)Dr

ppf a/c (employee)Dr

To bank a/c

You can check your EPF balance from the finance department of your employer. Or, if you know your PF account number, you can check it online at the EPF website. Refer to the website in the related links section for details on how you can check it online.

No, it is not taxable

how can i check my name and other detail by cpf number

Some general Provident Fund rules are:

1. Every month atleast 12% of the employees basic salary must be deducted and deposited as EPF

2. A contribution would be made by the employer as well into the employee's EPF account.

3. The PF account would earn an interest of 8-8.5% depending on what the government fixes every year.

4. An employee can make partial withdrawals from his PF account but he cannot close it until he remains in employment.

5. At the time of retirement, all the money that got accumulated in your PF account would be settled in full.

pf with

No

You need to fix a certain amount as basic salary if you want to deduct PF. set a minimum number as basic salary and calculate PF on it. The remaining amount based on piece rate can be added a different component in the persons salary

Right from day one when an employee joins, his PF benefits must begin. The PF will be paid out when the employee retires or resigns permanently and will not be taking up any job for at least 3 months. In case of a job switch, the pf account will get transferred to the new employer