The Employees’ Provident Fund & Miscellaneous Provisions Act,1952

Ask the Community Statutory Compliance
1

The Employees’ Provident Fund & Miscellaneous Provisions Act,1952

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

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

Payment of PF & Pension on the date of Retirement to EPF & EPS members by Pragati Review meeting 1st Nov 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

EPF Scheme

EPF Pension Scheme

EDLI Scheme

EPF (Bare Act)

Useful Links

Employer e-Sewa : Employer Portal

Member e-Sewa : Employee Portal

Member e-Sewa : UAN

EPFO Unified Portal Reference Docs

EPFO Services - Video Tutorials

Regional EPF websites

2

Hi,

Need some clarification on the employee’s PF contribution :-

  1. A new joiner can who’s basic is more than 15000 per month or has not been covered under PF in the previous organization can choose to contribute min PF of Rs.1800.
  2. If an employee already contributes 12% of the basic, can he come back to contributing minimum PF of 1800 per month ?

Can someone guide me on these points please.

Regards
Sarita

1 Like
3
  1. Yes, he can
  2. Yes, he can come back to contributing minimum PF of 1800 per month.
1 Like