This is an Act to provide for the institution of provident funds, pension fund, and deposit-linked insurance fund for employees. Employees’ Provident Fund Organisation (EPFO) is one of the largest social security organisations in India in terms of the number of covered beneficiaries and the volume of financial transactions undertaken.
Compliances
- Employer Registration
- ECR - Electronic Challan Cum Return
- Activate UAN (Universal Account Number)
- Form 5A - Return of ownership
- Form 11(New) - Declaration Form
- Form 13 - Transfer Claim Form
- Form 19 - Form to claim the dues by Member
- Form 20 - Form to claim the dues by Nominee
- Form 10D - Application for monthly pension
Applicability
The Employees’ Provident Funds and Miscellaneous Provisions Act provides for compulsory contributory fund for the future of an employee after his/her retirement or for his/her dependents in case of the employee’s early death. It extends to the whole of India except the State of Jammu and Kashmir and is applicable to:
- every factory engaged in any industry specified in Schedule 1 in which 20 or more persons are employed.
- every other establishment employing 20 or more persons or class of such establishments that the Central Govt. may notify.
- any other establishment so notified by the Central Government even if employing less than 20 persons.
Every employee, including the one employed through a contractor (but excluding an apprentice engaged under the Apprentices Act or under the standing orders of the establishment and casual laborers), who is in receipt of wages up to Rs.15,000 p.m. shall be eligible for becoming a member of the fund. The condition of three months continuous service or 60 days of actual work for membership of the scheme has been removed.
References
Acts & Amendments
Electronic challan cum return version 2.0 format
Digitisation of Provident Fund Records & Documents 31st October 2016
PF Death Case Claim within 7 days 31st October 2016
EPF now offers up to Rs. 6 Lakhs of Life Insurance
Activation of UAN mandatory circular Aug 2016
Pension Scheme Amendment Circular 24 Apr 2016
Useful Links
Employer e-Sewa : Employer Portal
Member e-Sewa : Employee Portal