EMPLOYEE PROVIDENT FUND ACT, 1952

WEL-COMENAME:- SURAJ KUMARSTUDENT CODE:- E0680235

EMPLOYEE PROVIDENT FUND ACT, 1952{ }

ACT :- ACT - ACT ESTABLISHMENT STATE/CENTRAL GOVT. ACT FACTORIES/ESTABLISHMENT 10 10 (CINEMA THEATRE 5 5 , ESTABLISHMENT/FACTORY 3 FACTORY/ESTABLISHMMENT 10 ( 5 ) FACTORIES/ESTABLISHMENTS 3 , ACT ; (MORE THAN 50%) EMPLOYEES EMPLOYER 10 ACT ACT COUNTING - , , , PIECE RATED, ,

CONTINUED.:- APPOINTMENT DATE PF MEMBER ELIGIBLE BUT, SALARY (INCLUDING D.A) RS.15,000/- SALARY RS.15,000/- EMPLOYER PF FUND MEMBER BUT, EMPLOYER CONTRIBUTION RS.15,000/- EXAMPLE:- SUPPOSE , SALARY RS.20,000/- ,EMPLOYEES CONTRIBUTION RS.20,000*12% = RS.2400/- EMPLOYERS CONTRIBUTION RS.15,000*12%= RS.1,800/- MEANS EMPLOYER PF CONTRIBUTE LIABILITY: LIMITED SALARY MEMBER EMPLOYEE BASIC SALARY RS.15,000/- , MEMBER , PF RS.15,000/-

SCHEMES OF THE ACT:-

TYPES OF FORMS UNDER P.F ACTINTIAL FORMS : P.F ACT 15 -, DEPARTMENT DETAILS OF ALL EMPLOYEE ENROLLED AS MEMBER OF ALL SCHEME OF EPF ACT, 1952 FORM 9NOMINATION FORM 2(FRONT) , FORM 2(REVERSE)RETURN OF OWNERSHIP FORM 5AMONTHLY FORMS : FORMS 25th DEPARTMENT DETAILS OF CONTRIBUTION FORM 12ADETAILS OF NEWS EMPLOYEE FORM 5DETAILS OF LEAVING EMPLOYEE FORM 10COPIES OF CHALLAN.YEARLY FORMS : FORMS 30th APRIL CONTRIBUTION CARD FORM 3AANNUAL CONTRIBUTION STATEMENT FORM 6A

SOME MORE FORMS UNDER P.F ACTCLAIM FORMS:- FORMS P.F AMOUNT CLAIM :FORM 19FORM 10CFORM 20FORM 10DFORM 31FORM 13* FOR LATEST FORMS CLICK HERE

RATE TABLE FOR DIFFERENT PF A/CPARTICULARSACCOUNT NO.RATE OF P.FE.P.FA/C NO. 115.67% (12%+3.67%OF SALARY OR, WAGES)ADMIN CHARGES P.FA/C NO. 20.85% (1.10%)FAMILY P.FA/C NO. 108.33%E.D.L.IA/C NO. 210.50%ADMIN CHARGES EDLIA/C NO. 220.01%INTEREST RATE ON P.FN.A 9.5%, Now Changed:- 8.70%(2015-16)

CLARIFICATION OF PF RATES EMPLOYEES CONTRIBUTION 12% (BASIC+D.A) CALCULATE CONTRIBUTION (E.P.F A/C NO. 1) EMPLOYERS CONTRIBUTION 12% CALCULATE 2 (8.33%) (3.67%); 3.67%(A/C NO. 1) , A/C 15.67% , 8.33% F.P.F (FAMILY PENSION FUND) A/C NO. 10 TRANSFER E.P.F = A/C NO. 1 = (12%+3.67%) = 15.67%F.P.F = A/C NO. 2 = 8.33%ADMINISTRATIVE CHARGES ON P.F 0.85%. ESTABLISHMENT SALARY (BASIC) CALCULATE , EMPLOYER PAYMENT A/C NO.2 SUBMIT E.D.L.I TOTAL BASIC SALARY 0.50% CALCULATE EMPLOYER PAYMENT A/C NO. 21

CLARIFICATION OF PF RATES: ADMINISTRATIVE CHARGES ON EDLI 0.01% TOTAL BASIC SALARY CALCULATE EMPLOYEE PAYMENT A/C NO. 22 EMPLOYEE 60 FAMILY PENSION FUND MEMBER

PF PAYMENT (DAMAGE): EMPLOYER CONTRIBUTION/ ARREARS/ ADMIN CHARGES ETC... FUND PAYMENT DEFAULT , PENALTY, DAMAGES PAY LIABLE :-

DELAY OF PERIODDAMAGES2 17%2 4 22%4 6 27%6 37%

PF (BIFURCATE): EMPLOYER CONTRIBUTION EMPLOYEE CONTRIBUTION

A/C NO.NAME OF A/CRATE OF CONTRIBUTION1E.P.F3.67%10F.P.F8.33%2ADMIN CHARGES (PF)0.85%(MIN. RS.500)21EDLI0.50%22ADMIN CHARGES (EDLI)0.10%(MIN. RS.200)TOTAL13.45%

A/C NO.NAME OF A/CRATE OF CONTRIBUTION1E.P.F12%

DUE DATE OF PAYMENTS: PAYMENTS 15 SBI BANK BRANCH

RETURNS 25 P.F DEPARTMENT Yearly Return 30th APRIL

DUE DATE OF RETURNS:

DIFFERENCE BETWEEN E.P.F & P.P.F:

BASICE.P.FP.P.F1. MEMBER - / , PPF account can also be opened by either parent under the name of a minor2. -12% BASIC SALARY RS. 1,00,000 MAX. RS. 1,50,0003. INTEREST -8.7%, (8.25% EARLIER)8.7%, (8% EARLIER)4. TAXABILITY -TAX FREE INVESTMENT INTEREST ON INVESTMENT TAXFREE 5. - -EPF SBI/ /POST OFFICE PF A/C 6. - , MATURITY MINIMUM 15 , 5-5

NEXT

EMPLOYEES PROVIDENT FUND FORM->19

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EMPLOYEES PENSION SCHEME FORM->10CPF employer contribution and whoever is not cover with 10 year service

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FORM->20

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FORM 10DPF employer contribution and whoever is cover with 10 year service/58years service.(Pension fund)

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FORM 31

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FORM 13

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FORM 9

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FORM 2 (FRONT)

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FORM 2 (REVERSE)

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FORM 5

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FORM 10

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FORM 3AEmployee contribution details

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FORM 6AEmployees consolidated contribution list, etc.............

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CHALLAN etc.............

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employees provident fund , DETAIL incorporate , slide topics discuss , Same as.... they reflect the heart and soul of the act and brings out its welfare nature.

Concluding Remarks

How many Types of Provident fund in India?What are the benefits of Employee Provident Fund?How can we transfer Employee Provident Fund account?Can we contribute more than 12 percent of basic salary in EPF?Contribution to the EPF is mandatory?We can check EPF account statements in on-line?What are the changes in EPF rules?What should I do if I change my job?What should be done if I quit my job without joining anywhere else?FAQs.

What will be the current interest rate on EPF account?When can we withdraw EPF money?Where does an employee monthly EPF contribution goes?Which is better EPF or PPF?

*FOR ANSWER OF ABOVE QUESTIONS CLICK HERE

FAQs.

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