Consultant in Jalandhar
Employees Provident Fund Organisation, Ministry of Labour and Employment, Government of India administers Employees’ Provident Fund & Misc. Provisions Act, 1952, Central Act No. 19 of 1952 enacted on 4th March, 1952 in furtherance of Directive Principles of State Policy. The Constitution of India under “Directive Principles of State Policy” provides that the State shall within the bounds of its economic capacity make effective provision for securing the proper to figure , to education and to public assistance in cases of unemployment, old-age, sickness & disablement and undeserved want.
Provident Fund benefits
Member can withdraw from these accumulations to cater to financial exigencies in life – No got to refund unless misused. On retirement , the member can settle the account. i.e., the member gets his PF contribution, Employer Contribution and Interest.
Monthly Process
• Preparation of monthly Challan for EPF & deposited into bank within prescribed time as per Act.
• Prepare Monthly Return online as per new amendment
• PF Eligibility Register
• Maintenance of all statutory registers required by the PF authorities.
• Nomination & Declaration Forms in Form No. 2 (Revised) of the new employees
• Declaration form in Form- 11(Revised)
• Attend PF inspector for inspection of records, appearing before the concerned authorities on behalf of the employer in 7-A proceedings
under EPF Act
• All assessment & inspection from EPF department, when required.
• Information with reference to any amendment/changes within the act are going to be informed immediately.
PF Withdrawals & Transfers
- Receipt of forms (19 & 10-C) after 60 days of leaving of the worker making settlement.
- Receipt of PF transfer forms (Form 13) from new appointees and sending them to RPFC/Ex-Employers trust for getting the fund transferred through the concerned RPFC office.
- Taking care the method of PF withdrawals and Transfer within prescribed time as per Act.
- Scrutiny of papers to make sure that very same are within the norms as specified under the principles .
- Acknowledging the transferred received.
Compliance in r/o International Employees effective from 01.11.2008 - Statement IW-1 for International Worker
