Community Members, We are back for a new exciting session. This time on everyone’s requested topic EPF !!!
Thank you to each one of you for the continued support and enthusiasm you bring to the LIVE community discussion time with Experts initiative. Your support motivates me! Much Appreciated
An exclusive 30 minutes of LIVE discussion thread with domain Expert Mr. K Narayana (Addnl. Central PF Commissioner(retired), EPFO on the topic :
‘ Make EPF as simple A-B-C ’ from 5:30PM to 6:00PM on 15th April 2022 .
Let’s together make the 30 minutes most effective with a lot of questions for the HR domain specialist.
Requesting members to post your doubts/queries related to Make EPF as simple A-B-C as comments in this post and get them all answered by the Industry Expert on 15th April 2022.
For any organization of any size, What are the most essential documents and records that has to be mandatorily kept updated regularly for compliance of EPF?
No worries and please don’t be apologetic not being able to attend the session. We have it covered.
This LIVE discussion post will be available here for community members to read post the session too. You can login to the community conveniently later and read through the conversations.
In case you had any EPF related questions, please post it below and we can take it up during the LIVE session.
Thanks for arranging this session, it will be very useful. I have a few questions.
Q1: Can the employer provide an option to employees to choose to contribute on Restricted wages(Max contribution of 1800) or on Full wages(12% of basic without any restriction)
Q2: If the answer to the above question is yes, can an employee change the contribution rate later?
Q3: Are there any restrictions on how many times an employee can change this?
Mr. K Narayana is one of the most well known experts in this domain and we are honoured by him accepting to be part of this brief session to share his thoughts and knowledge.
Mr. K Narayana has worked for the largest Social Security, Organisation in the world for 25 years along with handling Legal, Compliance and administration. His knowledge and expertise is in various fields like on deputation to tribunal as recovery Officer handling execution of Decrees, as Investigating Officer in Central Bureau of Investigation to mention a few.
His understanding of Legal and Compliance is vast spanning 36 years in the domain. He is one of the best minds in the understanding of various domains. Mr. K Narayana currently practices as an Advocate and Insolvency professional.
His all round knowledge and the way of simple explanation makes him one of the most listened speakers always.
We humbly welcome you to the session!
We also open the session for questions after this post at 5.30 P.M
From an organization’s perspective, what are the critically essential documents / records that has to be maintained on a regular basis for the compliance of EPF?
There are no documents prescribed under EPF &MP Act 1952 other than the prescribed returns. However all the relevant documents relating to salary and wages and attendance are crucial to decide on the amounts of contributions payable and paid.
If an employee carries more than one UAN, and joins another organization, should the employer remit the contributions to the latest UAN? What are the remedial actions required in such a scenario from the employee and the current employer?
Using the link Direct UAN allotment by employees, individual employee can generate UAN. However, how he/she can map the PF number to that UAN. So that the employee can initiate EPF transfer /withdrawal.
on 15th April 2022
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