The Employee Provident Fund (PF) is operated by an organization coming under Government of India. It is a social security organization which offers pension benefits to a large organized workforce in India. It has laid rules for categories of employees who can avail its membership. If you have a big workforce Artemi Panarin Jersey , your HR team should surely look after these guidelines:
1. Each employee employed in a factory or other setup where this PF scheme applies except an excluded employee, is entitled and should become a member of the Provident Fund, since the day the PF scheme comes into effect in such factor or setup.
2. Each employee which joins a company or establishment after the PF scheme comes into effect, is also required and can be a member of the Provident Fund Ryan Hartman Jersey , from the date of joining.
3. If an employee is again employed or a class of employees excluded according to paragraph 27 or 27A of EPF & MP Act 1952 for joining the PF or on expiry of cancellation of an order coming under PF scheme, each employee can then become a member henceforth.
4. Each employee, also a member of a private provident fund which is part of an excluded business setup and who could have been and continued as a PF member, might on joining an establishment wherein this scheme applies Patrick Kane Jersey , become a member of the fund.
5. Irrespective of anything mentioned in this scheme, an officer equal to or above the position of Assistant Provident Fund Commissioner (APFC), might on the written joint request of any employee of a factory or other establishment which follows this scheme and his employer, enroll the employee as a member or permit himher for contributing greater than Rs. 5000- of his salary per month if heshe is already a member of the fund Marian Hossa Jersey , and thus this employee may be entitled to the advantages and shall be subject to the condition of PF, if and only if the provider gives a written undertaking that he will pay the administrative charges and shall follow all the statutory provisions with regards to the employee.
Withholding of membership: A PF member might continue as a member until heshe withdraws hisher PF amount.
Solving doubts: In case of any doubt about the entitlement or membership continuance of an employee, or about the date of membership entitlement, the Regional Provident Fund Commissioner (RPFC) decision will be final.
Amongst several firms providing Employee Provident Fund (PF) Management Services in India Corey Crawford Jersey , Cnergyis is the leading one. It assists entrepreneurs in effective management of provident fund which includes filing of returns, forms and declarations prior to the prescribed time limit with the authorized department. It is designed to be compliant with the laws and rules of PF and ESIC which saves the companies from incurring penalties and eliminates cost. Antivirus Online World Security Help And Advice Explained 2010 Brandwein Haeck
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