Introduction of SINGLE PAGE Composite PF Claim Forms instead of THREE Forms EPFO has introduced a single page claim form with effect from February 20, 2017. This replaces the existing 3 Form i.e.  Form 19, Form  10C and Form 31 for PF withdrawals and loans. It also eliminates Employer certification. The...
What the Ruling Says A trade-off between take-home wages versus long term employee welfare. On February 28th, the Supreme Court passed a judgment settling many pending disputes between Employers and the EPFO attempting to address the question as to what is Salary for the purposes of computing PF contribution. It held...
This article is to facilitate online payment of Provident fund remittances for those firms which are having SBI Corporate account. First, visit EPFO site and generate monthly contribution challan, then follow it by making remittance in SBI online. The Process is detailed below. EPFO site Visit EPF website at https://www.epfindia.gov.in/site_en/index.php and click...
As the PF UAN website has been facing glitches for the last few months, leaving employees with no access to their PF balances, the Department has made available the passbooks The employee has to use UAN portal login details for accessing the PF Passbook. As of now, employees can only download...
This article brings out the key features of applicability and registration with the Employees Provident Fund Organisation (PF dept) Brief Description: Provident Fund is a Social Security Benefit to employees. During an employee's productive life he along with his employer contribute monthly to a PF Fund which then serves as a...
Much unorganized small business, either out of ignorance, or inability to absorb PF welfare costs or with environments of high attrition may have over the years avoided to get registered under PF or not contributed either for all their employees or partially. The Government, in its drive to a...
Brief Description of VAT (Value Added Tax)   A VAT is a Multi-Stage tax levied at each stage of the value addition chain, with a provision to allow an input tax credit on tax paid at an earlier stage, which can be appropriated against the VAT liability on the subsequent sale Registration...
An introduction of international worker provisions in PF Foreign nationals coming to take employment in India were earlier excluded from the provisions of the EPF Act as their remunerations in most cases far exceeded above the statutory threshold limit. On the other hand, Indian workers venturing to work overseas are subjected...
On superannuation at 58 years or for short service between the ages of 50 to 58 years, the PF that the Employee and Employers contribute over the years of service, a Pension component @ 8.33% of only the Employer share, subject to a maximum of Rs 1250/- per month...
A stipend is a fixed periodic payment to a student as a scholarship or a fellowship allowance. The question of whether Provident Fund (PF) applies to such Stipend payment or not is one of the legitimacy of the payee being a registered student, a letter from the educational institution...