The Employees Provident Funds Act, 1952 Prepared by Muradi Rajesh [BCA, MBA_HR] (Location:-Pune) ??????????????????????? The Employees Provident Funds Act, 1952 ??????????????????????? As per Preamble to the Act, the EPF Act is enacted to provide for the institution of provident funds, pension fund and deposit lined insurance fund for employees in factories and other establishments. The Employees Provident Funds & Miscellaneous Provisions Act is a social security legislation to provide for provident fund, family pension and insurance to employees.
Employee has to pay contribution towards the fund. Employer also pays equal contribution. The employee gets a lump sum amount when he retires, which will be useful to him after retirement. The Act covers three schemes i. e. •PF ( Provident Fund Scheme ) •FPF ( Family Pension Fund Scheme ) •EDLI ( Employees Deposit Linked Insurance Scheme ) The EPF Act contains basic provisions in respect of applicability, eligibility, damages, appeals, recovery etc. The three schemes formed by Central Government under the Act make provisions in respect of those schemes.
Applicability of the Act:- The Act applies to •Every establishment which is a factory engaged in industry specified in Schedule I to the Act and in which 20 or more persons are employed. •Any other establishment or class of establishment employing 20 or more persons which may be specified by Central Government by notification in official gazette. •Central Government can also apply provisions of the Act to any establishment employs less then 20 persons [Section 1(3)]. Even if the provisions of PF Act are not applicable in a particular establishment, if employer and majority of employees agree, the Central Provident Fund Commissioner can apply the provisions to that establishment by issuing a notification in official Gazette [Section 1(4)]. •Once the provisions of Act become applicable, it continues to be applicable even if number of employees fall below 20 [Section 1(5)]. Coverage of Act:- The Act has been extended to •Factories, Mines other than coal mines, Hotels and restaurants, Plantation of tea, Coffee, Rubber [Tea factories in Assam have been excluded vide Para 1(3) (a) of EPF Scheme]. Trading and commercial establishments, Engaged in purchase, Sale or storage of goods, Establishments of exporters, Importers, Advertisers, Stock exchangers, Canteens, Establishments of Attorneys, CA, ICWAs, Engineers and contractors, Architects and Medical practitioners, Hospitals, Travel agencies, Banks doing business only in one state, General insurance, Expert services, Establishments other then banks, Building and construction industry, Poultry farming, University, College or Schools. •The Act has be extended w. . f. 1. 4. 2001 vide on Airline owned or controlled by Government, Establishment engaged in rendering cleaning and sweeping services. •Once an establishment is covered under PF, all its departments and branches wherever they are situated are also covered. Other non – factory establishments covered:- •Besides factories, other establishments employing 20 or more persons can covered under the Act. Various notifications have been issued extending the provisions of PF Act to non-factory establishments. Some major among them are – Plantation, Mines, Coffee, Hotels and restaurants, Cinema and theatres, trading and commercial establishments, Laundry, canteens, establishments of attorneys/CA/ICWA/Engineers/Architects/Medical practitioners, Hospitals, Financial establishments (Other then IFCI, UTI, IDBI, SFC), Building and construction industry, Poultry, University, College, Schools, Scientific institutions etc. Transitory provisions when Act is extended:- •It is possible that when PF Act is extended to certain establishment, some PF scheme may be already in existence.
Such scheme will continue and the balance amount in such scheme to credit of the employee will be transferred to the Provident Fund under statutory scheme of PF Act [Section 15. Establishment to include all departments and branches:- •Where an establishment consists of different departments or has branches, whether situate in the same place of in different places, all such departments or branches shall be treated as parts of the same establishment [Section 2A]. •Thus if factory is covered the head office and branches will also be covered under the Act. Act not applicable to certain establishments:-
As per section 16(1), the PF Act does not apply to •Any establishment registered under Cooperative Societies Act or State Law relating to Cooperative societies, employing less than 50 persons and working without paid of power. •To any establishment belonging to or under Control of Central Government or State Government and whose employees are entitled to benefit of contributory provident fund or old age pension. •To any establishment set up under any Central or State Act and whose employees are entitled to benefit of contributory provident fund or old age pension. Where PF Act is not applicable:-
The Pf Act is not applicable to certain establishments •Factories or establishments employing less than 20 employees. However, once Act becomes applicable, it continues to apply even if subsequently, the number is lower than 20. •Banks doing business in more than one state, Coal mines, units established under Cooperative Societies Act employing less than 50 workers and working without aid of power •Other establishments belonging to or under control of Central Government of State Governments and whose employees are entitled to benefits of contributory provident fund or ension, Tea factories in Assam, Exemption granted by Central Government by a special notification. Administration of the Fund:- •Both employer and employee have to pay contribution at prescribed rates. These amounts are credited to a fund. The fund vests in and is administered by Central Board. Employees covered under the scheme:- •As per section 2(f), “employee” means any person who is employed for wages in any kind of work, manual or otherwise, in or in connection with the work of an establishment, and who gets his wages directly or indirectly from the employer. •It includes any person Employed by or through a contractor in or in connection with the work of the establishment. •Engaged as an apprentice, not being an apprentice engaged under the Apprentices Act, 1961 or under the standing orders of the establishment. •Thus persons employed through contractor in connection with work of establishment are covered. •Apprentices employed under Apprentice Act or under standing orders of establishment are excluded, i. e. they are not employees. [The model standing orders merely state that an ‘apprentice’ is a learner who is paid an allowance during the period of his training]. Non-Eligible employees under PF:- Employee whose ‘pay’ is more than Rs. 6,500 per month are not eligible. (It may be noted that limit of pay was Rs. 5,000 up to 31st May 2001 and Rs. 3,500 up to 30th September 94). •Apprentices as per certified standing orders or under Apprentices Act casual employees. •However employees employed through contractors have also to be covered under PF. Employee to become member of Fund immediately on joining:- •Every employee employed in or in connection with work of a factory or establishment to which the act applies is entitled and required to become member of Provident Fund, unless he is an excluded employee [Para 26(1) of EPF Scheme]. An employee who is drawing ‘pay’ above prescribed limit (presently Rs 6,500) can become member with permission of Assistant PF Commissioner, if he and his employer agree. [Para 26(6) of EPF Scheme]. Contribution by employer and employee:- •As per section 2(c) “Contribution” means a contribution payable in respect of a member under a scheme or the contribution payable in respect of any employee to whom the Insurance Scheme applies. •As per section 6, contribution shall be paid by employer @ 10% of basic wages plus dearness allowance plus retaining allowance.
This amount is defined as ‘pay’ as per explanation to Para 2(f)(ii) of EPF Scheme. •Equal contribution is payable by employee also. This contribution can be increased to 12% by Central Government and in fact, has been increased to 12% in most of the cases. •A person who is already a member continues to be a ‘member’ even if his ‘pay’ exceeds Rs. 6,500. However, the contribution is limited to Rs. 6,500 only [Para 26A (2) of EPF Scheme]. RPFC is liable under Consumer Protection Act:- •The Regional Provident Fund Commissioner is providing service under the Act and hence he is liable under Consumer Protection Act.
Employees Provident Fund Scheme:- •This is the scheme under the Act. Both employer and employee have to pay contribution to Provident Fund. The employee has to deduct contribution of employee from the salary of employee and has to pay both employees contribution as well as employer’s contribution by a challan in prescribed form. The amount has to pay in approved bank. Employee can pay higher contribution:- •Employee has to contribute 12/10% of his ‘pay’ as contribution. The employee can voluntarily pay higher contribution above the statutory rate.
However, employer does not have to match the voluntary contribution, over and above the statutory rate [Para 26(2) of EPF Scheme]. Contribution payable under PF Scheme:- •The Principal Employer is liable to pay contribution of his own employees as well as employees employed through contractor. •Principal Employer can recover from contractor the amount paid by him on behalf of contractor. •The contribution is 12% of ‘pay’ i. e. basic wages, plus dearness allowance, cash value of food concession and retaining allowance. Contribution of both employer and employee is same i. e. 12% each [Para 32 of EPF Scheme].
Employer has to pay his contribution to EPF:- •He cannot deduct his contribution from wages of the employee [Para 31 of EPF Scheme]. •However, he has to deduct employee’s share from his salary and pay the same in EPF scheme. •This deduction can be only from the wages pertaining to period for which contribution is paid. However, if there is accidental omission, the amount can be recovered later. •Amount deducted from salary of employees is held in trust by the employer or contractor [Para 32 of EPF Scheme]. •Out of employer’s contribution of 12/10%, the employer’s contribution of 8. 3% will be diverted to Employees Pension Scheme. The balance will be retained in the EPF Scheme. •Thus, on retirement, the employee will get his full share plus the balance of employer’s share retained to his credit in EPF account. [This diversion is only w. e. f. 16th November 95. Earlier Employer’s contribution to their credit will continue to remain to their credit]. Lower contribution in certain cases:- •The employer’s and employee’s contribution is 12% each. This is applicable to many of industries and establishments. However, this contribution is not applicable to •Any establishment employing less than 20 persons Any establishment registered with Board for Industrial and Financial Reconstruction (BIFR) as a sick company. •The lower rate of contribution continues till its net worth is positive any other establishment which has accumulated loss equal to or more than its net worth is positive. •Any other establishment which has accumulated loss equal to or more than its assets and has also suffered cash loss in last two years. •Jute Industry, Beedi Industry, Bricke Industry, Coir Industry other than the spinning sector, Guar gum factories. In theses cases, the contribution is 10%. Interest on account:- PF Commissioner shall maintain account of each member of EPF scheme [Para 59 of Scheme]. •Interest is credited to the account of employee. The interest is calculated on monthly running balance basis. •Amount standing to credit at end of the month is considered for calculation of interest for the following month. •The interest rate is declared every year by Central Government in consultation with Central Board of Trustees of Provident Fund [Para 60 of EPF Scheme]. Employees’ Pension Scheme This scheme has bee introduced w. e. f. 16th November, 95. The Scheme is applicable to all subscribers of Employees’ Provident Fund.
It is also compulsory to persons, who were subscribers as on 16th November, 95. Contribution:- •The employer’s contribution of 8. 33% will be diverted to the fund pension scheme. •Employee does not have to make any contribution. •Employer’s contribution is 12/10%. •In such cases, 8. 33% is diverted to Pension Scheme and balance 1. 67/3. 67% as the case may be, will be in credit of employee’s name in Provident Fund account. •The 8. 33% is on maximum salary of Rs. 6,500. •If some employers are paying contribution on salary in excess of Rs. 6,500, the excess contribution will be credited to Provident Fund account and not to Pension Scheme. No separate administration charges or inspection charges are payable, as these are already paid along with Provident Fund contribution. Benefits under the Scheme:- •Members will get pension on superannuation or retirement from service and upon disablement during employment. •Family pension will be available to widow/widower for life to till he/she remarries. •In addition, children will be entitled to pension, up to 25 years or their age. •In case of orphans, pension at enhanced rate is available up on death of widow/widower or ceasing payment of widow pension. Benefit of pension to children or orphan is only restricted for two children/orphans. •If the person is unmarried or has no family, pension is available to nominee for a specified period. Commutation of pension:- •The member can commute 33. 33% of the pension, so as to receive hundred times the monthly pension so commuted as commuted value of pension. Balance will be paid on monthly basis. Employees Deposit Linked Insurance Scheme The purpose of the scheme is to provide life insurance benefits to employees who are already covered under PF/FPF.
The employer has pay contribution equal to 0. 50% of the total wages of employees in addition, administrative charges of 0. 01% of total wages. [Notification no. AO 503(E) dated 28th July 1976 issued u/s 6C (2) of PF Act]. The employee does not contribute any amount to the scheme. The salary limit for coverage of employees is same as that of Provident Fund. Exemption from the scheme can be obtained from RPFC if LIC Group Gratuity scheme is adopted by employer. If exemption is granted, only inspection charges @ 0. 005% are payable to PF authorities. Benefit to nominee of employee:- If an employee dies employment, his nominee of family member gets an amount equal to average balance in the Provident Fund Account of the deceased employee during last 12 months. •If such balance is more than Rs. 35,000 the insurance amount payable is Rs. 35,000 plus 25% of the amount in excess of Rs. 35,000, subject to overall limit of Rs. 60,000. •If the employees are covered under another life insurance scheme whose benefits are better than this scheme, an exemption from this scheme can be obtained. [Increased by Rs. 35,000 to Rs. 60,000 w. e. f 13th June 2000]. Contribution Rate
The percentage of contributions made to PF & EPF authorities are as under. •By all Employees12% of Basic wages •By the Employer 12% of Basic wages and 1. 61% as administrative charges. Thus company will bear an additional burden of 13. 61% to comply with PF/EPF monthly on the basic wages for the welfare of our employees. Check PF of Sub-Contractors:- Is there any firm and logic way to look to it that sub-contractor complies with the PF formalities. Consider the case of a company who hires say machines engaging 9nos of employees on contract basis. The monthly EFP challan provided by sub-contractor is of full Manpower with him.
How can we ensure that the said 9 Employees are covered under the PF challan. One way is to ask for copy of Form6A (Annual Return) and monthly return on Form 5 & 10. But what if the contract is given after the currency period say from april. Form 3A is generally filled up during the close of period because only good companies update them monthly but small contractors even don’t send ‘Nil’ returns. ?Apart from the annual returns in Form 6A, the employer is required to submit Form 12 within 25 days from the close of the month showing the aggregate of recoveries made.
Form 12 contains the name of the subscriber (employee) and the PF account number. ?Form 3A is again an annual statement and will not suffice your purpose. ?So you can insist on Form 12 along with the PF challan to track PF compliance by your sub-contractor. If you engage contractors, first of all, pleasure ensure the following ? The contractor should have registered under factories act or shop & establishments act and should carry a registration number. ?He should have extended ESI coverage for all his employees (whoever comes under the purview of the act). You need to get his ESI registration number. Similarly, PF registration number. ?Get a list of companies for whom he is providing this service and try to get opinion about this contractor from them. ?Please understand that it is the responsibility of the Principal employer to take care of contract workers. Law will penalize you on any non-compliance & you may later on enter into your contractor’s shoes, but that is cumbersome. ?If you have finalized on that contractor, every month before paying his bill, get a copy of ESI & PF remitted challan for those employees who are working in your company and after due diligence, make your payment.
Of course, this is an activity of finance. Yet, if you enter into with a contractor who does not have registration in the above areas, you end up in problem. Month wise Statutory Deposits & Returns January ?Before 15th P. F. , P. F. Challan ?Before 25th P. F Form 5, 10 & 12A(P. F) ?Monthly statutory register daily/end of the month (Monthly statutory register should be maintained) February ?Same as January month March ?Before 15th P. F. , P. F. Challan ?Before 25th P. F Form 5, 10 & 12A(P. F) ?P. F, P. F. Annual Returns form 6A D & 3A ?Monthly statutory register daily/end of the month Monthly statutory register should be maintained) April to December ?Same as January month The following process need to be complied with PF remittance. ?Ensure remittance of PF contributions of employees and employers on or before 15th of the following month for the month of salary disbursed. ?Fill in Return copy of Form 12 and submit it to PF office along with challan copies (marked for PF office) together with the following ? Form 2 (declaration forms in respect of newly joined employees) ? Form 5 and Form 10 ?Please ensure that you submit these forms to PF office under cover letter and have an acknowledged copy for you records.
Statutory Forms Provident Fund:- •Form 5:Employees qualifying for PF for first time (Month Wise) •Form 10 :Employees leaving the service (Month Wise) •Form 12A:Statement of contribution (Monthly) •Form 3A:Contribution card for specific currency period (Employee wise) •Form 6A:Annual Statement of contribution (Company Wise) •Declaration: By the employee •Form 2:Nomination and Declaration •Form 19:To be used by a major member of employees •Form 10C: Claiming withdrawal Benefit/Scheme certificate The example that showing the information of the PF Challan
The PF is total based on the Basic, DA of the Salary of the employee the salary structure is shown below. But the salary structure must be different from one company to another company. I. e. The allocation of the salary slap must be different in different companies. Here we take one of the example ParticularsBasisSalary Up to Rs. 5000/-Salary Above Rs. 5001- 19000Salary Above 19001 Basic[a]50%40%40% DA[b]20%15%15% HRA[c]15%20%20% Medical[d]5%15%—– Conveyance[e]5%8%10% Educational Allow. [f]5%2%5% others[g]—————10% PF/EFP Calculation for the month of January 07 Sr. oA/C No. NameSalaryBasic + DAEmployee’s ShareEmployers ShareTotalRemarks 1MH/PUN//001Mr. Rajesh Muradi12,000 (55%)6,5007807801560 2MH/PUN//002Mr. Ajay pawar8,000 (55%)4,4005285281056 3MH/PUN//003Mr. Eugenio D’souza19,500 (55%)6,5007807801560 4MH/PUN//004Mr. Vijay Deshpande5,000 (70%)3500420420840 5MH/PUN//005Ms. Pooja kapoor7,000 (55%)3850462462924 6MH/PUN//006Mrs. Rani joshi9,500 (55%)52256276271254 7MH/PUN//007Mr. Rakesh Nanden4,000 (70%)2800336336672 8MH/PUN//008Mr. Denanath Sonar12,500 (55%)6,5007807801560 9MH/PUN//009Mr. Nayan Parmar5,500 (55%)3025363363726 10MH/PUN//010Mr.
Sanjay Kadam3,500 (70%)2450294294588 11MH/PUN//011Mr. Mahesh Kulkarni6,000 (55%)3300396396792 12MH/PUN//012Mr. Chandra Patil7,500 (55%)4125495495990 13MH/PUN//013Mr. Ajay Pokale9,000 (55%)49505945941188 14MH/PUN//014Mr. Amit Kale10,000 (55%)55006606601320 15MH/PUN//015Ms. Deepali Patil8,000 (55%)44005285281056 16MH/PUN//016Mr. Gajanan Somawar10,000 (55%)55006606601320 17MH/PUN//017Mr. Krishna Panchal6,800 (55%)3740449449898 18MH/PUN//018Mr. Kumar Patil5,000 (70%)3500420420840 19MH/PUN//019Ms. Amruta Kore6,500 (55%)3575429429858 20MH/PUN//020Mr. Vikas Sawant6,000 (55%)3300396396792 21MH/PUN//021Mr.
Jayram Patil8,000 (55%)44005285281056 22MH/PUN//022Mr. John Verges20,000 (55%)65007807801560 Grand Total1,89,30097,54011,70511,70523410 Note: – •MH/PUN/specific codes allotted by the PF Office/inter company number according to the joining of the employee. •If basic crosses 6500 deducting PF is not mandatory it optional for the employer. Employer can pay up to Rs. 780/- or 12% if they prefer to. 12% of monthly basic is paid by the employee towards Provident Fund. Employer:- Employee Provident Fund3. 67% of monthly basic EPF A/c Administrative charges1. 10% of monthly basic Pension Fund8. 3% of monthly basic Employee Deposit Link Insurance 0. 5% of monthly basic Administrative charges on EDLI0. 01% of monthly basic Note:- In the EPF deposit challan the amounts are to be mentioned in respect as under. ?A/C No. 1 EPF [3. 67% of employer share & 12% of employee contribution] ? A/C No. 2 Administrative charges [1. 1% of salary on which EPF deducted] ? A/C No. 10 FPF [8. 33% of employer share of contribution] ?A/C No. 21 EDLI [0. 5% of salary on which EPF deductions were made] ? A/C No. 22 Administrative charges on EDLI [0. 01% of salary on which EPF deductions were made].
Total amount is to be deposited through single challan in quadruplicate in State Bank of India or State Bank of Patiala or Bank authorized in this behalf of EPF authorities. Bank will keep two copes and return to copies as receipt. One of the above bank receipts is to be attached with EPF monthly return on Form 12A and to be submitted with office of Regional Provident Fund commissioner of your area. Monthly returns are to be submitted on Form 12A and 5/10. Annual returns are on Form 3A and 6A. 12% of monthly basic is paid by the employee towards Provident Fund. Employer:-
Employee Provident Fund3. 67% of monthly basic EPF A/c Administrative charges1. 1% of monthly basic Pension Fund8. 33% of monthly basic Employee Deposit Link Insurance 0. 5% of monthly basic Administrative charges on EDLI0. 01% of monthly basic Form 12A Statement of contribution (Monthly) Form 5 Employees Qualifying for PF for first time (Monthly) Form 10Employees leaving the service (Month Wise) Form 3AContribution card for specific currency period (Employee wise) Form 2:Nomination and Declaration Form 13 Applications for Transfer of EPF Account
For transferring PF, you have to submit Form 13 to the concerned regional PF office and get the acknowledgement. Once you submit Form 13 they will take action within 60 to 90 days. IF you want, you can go and check with you group Section Supervisor about the transfer. Employees Provident Fund Form No. 10 C & Form 19 Instructions for a member while sending application to Employees Provident Fund Organization. General:- Use the appropriate form for claming Provident Fund Pension, Withdrawal benefit/scheme certificate, Employees Deposit Linked Insurance benefit.
As given below:- •Form 19:To claim final settlement of Provident Fund by a member. •Form 20:To claim Provident Fund by nominee/legal heir on death of the deceased member. •Form 10-D:To claim pension. (In duplicate : if within state, in triplicate: if other state) •Form 10-C:To claim withdrawal benefit/scheme certificate under Employees Provident Fund Scheme 95. •Form 5IF:To claim assurance benefit under Employees Deposit Linked Insurance nominee/legal heir of a member. •Form 31:To claim temporary withdrawal/advance under Employees Provident Fund scheme 52. •Form 13:To effect transfer of Provident Fund/Pension from one A/c to another.
Form No. 10 C & Form 19 •Ensure that all columns of the application are filled completely. •Information in the application form relating to name, a/c no. should agree with the details available with Employee’s Provident Fund organization; which were furnished by the employer at the time of enrolling to Provident Fund. •Application should be signed by the member/claimant. •It should be attested by the former employer. In case attestation by the former employer is not possible, it should be got attested by any other authorized official specified with application form. Application for final settlement can be sent by a member on completion of 2 months from the date of leaving service, if the reason for leaving service is other than superannuation, medical ground, retrenchment and V. R. S. /Female member getting married etc. •Desired mode of payment can be given legibly, if the amount involved is more than Rs. 2000/- the amount will sent by deposit in payee’s bank a/c. To facilitate this, Bank a/c no. , name and address of the bank should be furnished. An advance stamped receipt should also accompany this application. Application may be supported by return Form 10, showing the details of leaving service and details of contribution for the year in Form 3A, if not sent earlier by the employer. (This will be taken care by the concerned employer) •In Form 10C, in the first serial, there are two options the 1st one is Name of the member and the 2nd one is name of the claimant[s], so we have to fill only the name of the member column and write N. A. in place of the name of the claimant[s] column (If the application is made by the employees himself), please clarify whether I’m right. In Form 10C, in the ninth serial (Particulars of Family), there are two options the 1st one is family members and the 2nd one is nominee, so what do we need to fill up at those columns. Data in the Form must be completed:- •Ensure that all columns of the application are filled completely. •Information in the application form relating to name, a/c no. should agree with the Employees Provident Fund Organization, which were furnished by the employee enrolling to Provident Fund. •Application should be signed by the member/claimant. •It should be attested by the former employer.
In case attestation by the former employer possible, it should be got attested by any other authorized official specified. •Application for final settlement can be sent by a member on completion of 2 months leaving service. If the reason for leaving service is other than superannuation, member retrenchment and V. R. S/ Female members getting married etc. •Desired mode of payment can be given legibly, if the amount involved is more than the amount will sent by deposit in payee’s bank a/c. To facilitate this, Bank a/c no the bank should be furnished. An advance stamped receipt should also accomplish. Application may be supported by the return Form 10, showing the details of leaving, details of contribution for the year in Form 3A, if not sent earlier by the employer. Specific additional requirements Death Cases:- •Nominee/legal heir should apply in Form 20/Form 10-D/Form 5IF. •If the member has not executed any nomination, application should be support family members issued by employer/revenue official/sworn in an affidavit by the certificate from a court of law. •Death certificate of the member. •Certificate of the employer stating whether the death was while in service of the member.
Pension Cases:- • Joint photograph of member/spouse or the claimant should accompany the application. •Option for return of capital/commutation should be specified clearly. •Details of non-contributory period during the service. Wages/salary for last 12 months accompany, if not already sent. •Details of the branch of the specified bank may be given legibly. •Date of birth certificates of children. •In case of death away from service, an undertaking by the claimant to the effect not working/ had not worked in any other covered establishment after exit from the basis of which pension is being claimed.
Some Important points regarding the withdrawal of the PF Amount •Regarding withdrawal of PF, you have to withdraw the forms from any PF Office and fill these up and send to the respective employers. •The Employee & Employer’s contribution columns will leave blank. The same will be filled up by the employers and signed by their authorized signatory and deposited to the respective PF office. •Well, in the said forms, there is one column, asking the mode of payment. It would be preferable if you choose the option of transferring your PF amount directly to your bank account. The transaction is safe and fast. After Resignation employee can finally have money after 3 months from the date of resignation and for the same PF form need to be submitted to PF office only after 2 months from the date of resignation. For obtaining the Employer’s code you are required to submit the following information with respective office of RPFC: (Regional Provident Fund Commissioner of your area) •Coverage proforma. •List of employee’s along with their salaries. •Registration under Shop & Commercial Establishment Act. •Memorandum & article of Association. •Certificate of Incorporation under Companies Act. •List of Directors. Bank account details of your company (CC account number) •Pan Number issued to your company by Income tax Authorities. PF Letter format 09/01/07 To, The P. F. Commissioner, Provident Fund Office, Golibar Maidan, Pune. Ref: – Est. No. MH/PUN/………. Sub: – Submissions of documents Respected Sir, Please find enclosed herewith the following returns 1. Form No. 5 for December 2006 2. Form No. 10 for December 2006 3. Form No. 2 Please acknowledge the receipt Thanking you. For ABC Ltd. , R. R. Muradi Officer-HR Date: 08/03/2007 To, The P. F. Commissioner, Provident Fund Office, Golibar Maidan, Pune. Ref: – Est. No. MH/PUN/…….
Sub: – Submission of revised Return for the period of 2004-2005 & 2005-2006. Respected Sir, Please find enclosed herewith the revised 6-A along with reconciliations for the period of 2004-2005 & 2005-2006 & also submitting the soft copy for the same. Therefore requested to you kindly make the necessary corrections at you end & issue account slip at earliest of our employees. Thanking your cooperation, For ABC Ltd. , R. R. Muradi Officer-HR Enclosed: – As above The Cheque Date: 14/11/07 Pay Employees Provident Fund Account No. 1 Rupess…………………………………………… WEB SITES OF PF www. epfindia. com www. epfindia. gov. in www. epfindia. org