Employees Provident Fund (EPF)

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Presentation Title
EMPLOYEES PROVIDENT FUND REGISTRATION

• Subheading goes here

www.starturcompany.com 91-9599580906 support_at_st
arturcompany.com
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OBJECTIVE

• The Employees' Provident Fund provides social
  security benefits to Employees of establishments
  on which the Employees Provident Fund and
  Miscellaneous Provisions Act 1952 applies.
• It is administered by Employee Provident Fund
  Organisation (EPFO) in India.
• The Act mainly provides Retirement or old age
  benefits such as Provident fund, Superannuation
  fund, Family Pension, Deposit linked Insurance.

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APPLICABILITY

• The Employees' Provident Fund and Miscellaneous
  Provisions Act 1952 applies to the whole India
  except Jammu Kashmir
• Every establishment which is a factory engaged in
  any industry specified in Schedule I in which
  20 or more persons are employed.
• Cooperative Societies employing 50 or more
  persons and working without aid of power.
• Cinema theatres employing 5 or more persons.

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REGISTRATION OF ESTABLISHMENT

• Every Establishment or entity covered under this
  Act have to get them registered with the
  Employee's Provident Fund department with in 1
  month of becoming eligible.
• An establishment to which the act applies shall
  continue to be governed by this act even if the
  number of employees employed falls below the
  limit.

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ELIGIBILITY OF EMPLOYEES

• An employee drawing wages up to Rs. 15000 is
  eligible to become a member.
• He/she is qualified for membership of fund from
  the very first date of joining a covered
  establishment.
• Wages include Basic Dearness Allowances Cash
  value of food concession and retaining
  allowances, if any

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CONTRIBUTION

• Employees Contribution 3.67 of basic salary
  is contributed to provident fund and 8.33 is
  submitted in Pension scheme.
• Employers Contribution 12 of basic salary
• Due date for payment of contribution is 15th day
  of every month.

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DOCUMENTS/INFORMATION REQUIRED

• PAN issued by Income Tax Department in the name
  of Establishment.
• Documentary proof of address of the
  establishment.
• Documentary proof of the date of setup of the
  establishment.
• Factory License issued by the competent authority
  or any other license.
• Any document regarding the ownership type of the
  establishment.
• At least one bank account details. A scanned copy
  of the cheque with the bank/branch and account
  number clearly visible.

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CONTACT US

• For easy and hassle free registration under
  Employees Provident Fund, visit today at
  www.starturcompany.com
• Email ID support_at_starturcompany.com
• Mobile No. 91-9599580906