Disclaimer: assetmonk.com is a website and by accessing the website and any pages thereof, you agree to be bound by its terms of service and privacy policy. For online PF transfer please ensure following-, i. A detached International Worker contributing to the Social Security program of the home country and certified as such by a Detachment Certificate for a specified period in terms of the bilateral SSA signed between that country and India. 109 - What are the advantages of having a UAN? Ans : Yes. 254 - How to change my UAN linked mobile number? If you're an employer, it's an important responsibility to manage the end-to-end EPF contributions for your employees. Ans : No, Employer need to approve the KYC of the employee. 294 - What to do if I am unable to add nominee details? Contribution of employees to the EPF: Every month, the employer deducts 12 per cent of the employee's salary (basic + dearness allowance) as an EPF contribution. The contribution card of each member in Form 3-A/ECR copy can be demanded from the employer. 238 - How can I seed my KYC details with UAN? However, it will be considered continuous service if a person has changed employment in less than five years but transferred their EPF to the new employer, therefore, making the transfer of existing PF to the new employer beneficial. 178 - I have two different UANs. 80 - Can a married daughter be excluded from receiving the family pension? What should I do? 30 - If an employee is not given the PF membership, to whom he can approach? Ans : In respect of closed establishment, where the employee finds it difficult to get the attestation of the employer, the member can update the KYC by submitting a request to concerned field office duly attested by one of the authorized officials. 118 - Can a member contribute at a higher rate (above 12%) on voluntary basis? 373 - I am an employee working in an establishment to which the PF Act is not applicable. The bottom line on withdrawals is that different purposes have different rules. If the complainant has UAN/Establishment/PPO number then he can directly enter his respective detail and fill his/her grievance category and description of grievance along with uploading supporting documents. He will continue to be a member even when his pay exceeds Rs.15, 000/-. Ans : 1) It facilitates transfer of Pension Accounts when the employment is changed. Currently, members also receive sms on their registered mobile phones on credit of monthly contribution into their PF account. Even if the maximum pay cap for EPF is exceeded, the employer must make a 0.5% additional contribution to EDLI. 237 - My UAN was generated during the initial days of after launch of UAN facility. Other authorized signatory can register their e-Sign and send the request letter approved by the employer and seek approval of the concerned EPFO Office. Since the validation is Online, seeding of Aadhaar in UAN can be completed now also. Ans : The Pensioners would receive their full pension after completion of fifteen years Nominee details can be added if aadhar of the family members are available and the photo is also ready for upload. 330 - How can the employer generate UAN for newly joined employees not having UAN ? Then go to the menu Download and select Download Passbook. Transfer of PF from exempted establishment to another exempted establishment. 142 - Will my inoperative account earn interest? else if(currentUrl.indexOf("/about-shrm/pages/shrm-mena.aspx") > -1) { Go to the https://unifiedportal-mem.epfindia.gov.in/memberinterface/ and login using your UAN and password, ii. Ans : Attachment of Bank Accounts, Realisation of dues from Debtors, Attachment & Sale of properties, Arrest and Detention of the Employer, Action under Section 406/409 of Indian Penal Code and Section 110 of Criminal Procedure Code, Prosecution under section 14 of the EPF & MP Act,1952. Any . 15,000 (although they can voluntarily contribute more). 191 - Please illustrate the calculation of benefits. The amount of late fees Ans : Yes, if you link your PAN number with UAN then you can avail tax benefits on EPF withdrawal. EPFO has hiked the interest rate on the Employees Provident Fund to 8.15% for 2022-23. A pensioner cannot nominate any person. 200 - KYC is not complete for my EPF account and hence I am unable to file this claim. 325 - What is the procedure for getting Certificate of Coverage in respect of a person posted to a country having SSA with India ? 303 - If I have two bank accounts seeded against my UAN, one is already approved by my employer, and the other one is still pending, how do I remove the pending one? but is a member of EPF Scheme, 1952 eligible for relief under this Scheme? 90% of PF accumulation (both shares) or cost payable, whichever is less. Then member can link his KYC himself. In case, new family member is added, the EPF member should fill Form No- 2 to update the details in EPFO. Only an establishment can seek exemption. Ans : The ECR created by employer furnishing the statutory information will not lapse and shall always be available at future date for reference to complete the payment. Ans : Contact the employer to reject the pending KYC. Ans : Yes, Withdrawal will be from taxable account thereafter from nontaxable Ans : The number is allotted by EPFO on the request of the Employer and populated in the Employers login in the unified portal www.unifiedportal-emp.epfindia.gov.in. Ans : An Indian employee once he/she returns to India and works in an EPF covered establishment in India shall contribute as Domestic Worker. 25,000, which comes to Rs. The earlier e-signed e-nomination can be changed by filing a fresh nomination linking the updated Aadhar and e-signing the nomination again. Ans : Form 15G and Form 15H are declarations which can be submitted to receive payments without deduction of tax in case of members having total annual income of Rs. Exempted Trusts while EPS contribution = 8.33% of 15,000. Employee Provident Fund (EPF) is a scheme in which you can create wealth throughout your working years as an employee at a government or private organisation. 344 - So, Central Govt. If the monthly wages are Rs 30000, the amount of advance will be restricted to Rs.75000. Ans : If the member has more than one PF member IDs (MIDs) and the PF amount of these MIDs has not been transferred into the latest MID, member is required to get his PF transferred into his current MID. To download Umang app, please visit google play store. 113 - Whether a PF member can submit claims for settlement without attestation of the Employer? Therefore, the monthly diversion by employers into EPS is 1,250 for each employee whose base pay is 15,000 or higher. 917.50 per month. Your employer will match it with another Rs. PPF Interest Rates for FY 2022-23 (October-December), EPF Form 5 for First-Time Employee Registration, National Savings Certificate Interest Rate 2023, How to Withdraw Old PF Money from Unclaimed EPF Account Online, EPF Form 10C Benefits, Eligibility & Documents, Pradhan Mantri Vaya Vandana Yojana (PMVVY). (if any) is also to be shared through Annexure K. how TDS will be calculated? back period accounting after accounts for year 2021-22 are processed in accordance The last declared EPF interest rate was for the year 2022-2023 which stood at 8.1%. 15,000; for a higher contribution, both the employer and the employee must make a joint request. 62 - What is the quantum of pension a member can get on his superannuation? Ans : Member can himself seed UAN with aadhaar by visiting member portal. 102 - To whom the EDLI benefit is payable? Can I avail advance to fight COVID-19 pandemic? A valid Aadhaar number with registered mobile is pre- requisite to avail this facility. You can also register for e-sign that is Aadhar based. This basic rate of EPF is further sub-divided. How to get PF accumulations of earlier companies transferred to present one so that I can file claim for COVID advance? The minimum amount of contribution that the employer must make is fixed at 12 percent of Rs. section 194 A read with section 206 AA of Income Tax Act), For interest above Rs. Ans : The employer must ensure to file correct information, statement or declaration for total number of employees, disbursement of wages, amount of wages in the ECR and full details of establishment in Form 5A. 58 - In the absence of valid nomination and no family to whom the Pension amount is payable? 392 - Whether TDS will be deducted if TDS amount is up to Rs 5000/- if 25 - If past accumulations are not transferred on cancellation of exemption, how the provident fund amount is paid to the members? 121 - What are benefits available to EPF members? Ans : Employee is required to submit PF Transfer Claim to the Exempted Trust which will enter the transfer details as Annexure K in Unified Portal. of the amount standing to his credit in the Fund, whichever is less. - Any Indian employee having worked or going to work in a foreign country with which India has entered into a social security agreement and being eligible to avail the benefits under social security program of that country, by virtue of the eligibility gained or going to gain under the said agreement: As a result, it can impact your take-home salary. Advance on unemployment: Upto 75% of total PF balance. The reduced rate of EPF contributions to 10% will not reduce the pension contributions or benefits. Employee has to provide employment details to obtain UAN. So, you dont need to pay a premium or contribute to EDLI separately. Marriage of self, daughter, son, brother & sister. 362 - How is benefit availed? EPF Contribution Rules: Under the Employees Provident Fund (EPF) rules, 12% of the salary (basic + dearness allowance) of the employee has to be contributed to the provident fund account. amount? Ans : The compound interest is credited on monthly running balance basis at the statutory rate declared for each year. EPF Contribution : Pension contribution, Rates and Benefits 49 - Whether any employee can join the EPF directly? 103 - Whether Assurance Benefit is payable to missing EPF member? If you are unemployed for two months or more, Upon the premature death of the member upon which the entire corpus is given to the appointed nominee. Indian workers. Ans : The proviso to Substituted Para 2(ja) under Para 83 of the EPF Scheme provides that Nepalese and Bhutanese nationals shall be deemed to be Indian Workers. Industries such as coir, guar gum, beedi, brick, and jute. It is not related to the quantum of contribution paid by a member. 69 - If a member dies to whom the pension is payable? One-third of the employer's contribution to the scheme i.e. In case of any dispute, the member may attain attestation preferably from the bank in which he has maintained his account and thereafter submit the same to Regional PF Commissioner, explaining the reasons for not obtaining the signature of the employer. E-sign facility has also been extended to the members to submit Form No.-2 online. Ans : Currently, the maximum assurance benefit is Rs.600,000/-. According to the regulations, an employee is deemed to be a non-eligible employee if their pay at the time of joining exceeds 15,000 per month. 207 - What all information needed at the time of applying online PF transfer? previous year is 2,50,000/- for EPF members. What can I do? Amount paid by the employee and employer in EPF. Your email address will not be published. In case of any correction the employer will have to certify and then only the concerned PF Office will approve changes. Details of Step 7: After specimen signature of authorized person upload the scanned letter which is duly signed by employer at the portal. in addition to the Military Pension, i.e. But, for the purpose of calculating the EPS contribution, the rules require that the salary itself should be capped at Rs. The member can pay voluntary contribution in excess of his normal contribution of 12% of Rs.15000/-. Ans : EPS-95 member irrespective of age and service who is permanently and totally disabled during the employment shall be entitled to Pension. The member is entitled to withdrawal benefits only in respect of the period for which the contributions are received. Best Guide To Employers' Contribution - EPF, SOCSO and EIS Ans : It is the duty of the employer to attest the application form. Commissioner will pursue the matter with the employer wherever necessary. Even if the workers base pay is less than 15,000 rupees, this contribution must be at least 1,800 rupees each month. Please log in as a SHRM member before saving bookmarks. This equates to Rs. Employee contribution is calculated as 12% of 15,000 (instead of the sum of basic pay and DA) and the employer's share is calculated as 3.67% of 15,000. Contributions must be rounded up to the nearest rupee, and the maximum wage ceiling of Rs.15,000 is not applicable for international workers. The Government of India's Ministry of Labour and Employment has administrative jurisdiction over the EPFO. https://www.epfindia.gov.in/site_en/index.php. Following is the direct link for virtual ID generation: -> Enter details such as name, date of birth, mobile number and e-mail id as perEPFO records, -> Click on the Get Authorization Pinoption, -> A Pin will be sent to your mobile number registered with EPFO, -> Enter the Pin and your UAN will be sent to the mobile number, Visit unified memberportal (https://unifiedportal-mem.epfindia.gov.in/memberinterface/), -> Visit EPF Member Portal and click on Activate UAN OR UAN Activation under Employee Centric Services of EPFO on UMANGAPP, -> Select any one of the following UAN, Member ID, Aadhaar or PAN, -> Fill additional details such as Name, Date of Birth, Mobile Number and Email ID and click on Get Authorization PIN, -> An authorization PIN will be sent to the mobile number registered with EPFO, -> Enter this PIN and click on Validate OTP and Activate UAN, UAN will be activated and password will be sent to members mobile. Ans : Please visit your nearest Aadhaar Service Centre. 302 - If my father/husband name is incorrect in UAN, but correct in Aadhar, PAN and Bank Account, which are all seeded, and my name, DoB, gender are also correct, can I file online claim and will it be settled or rejected? Then the details of the establishment (name or PF Code) can be entered to view the status of the establishment. If an establishment already covered under the EPF & MP Act, 1952 has remitted contributions in respect of fifty employees for the month of February, 2020, through ECR and on verification of ECR, it is found that for 46 employees (92% of 50 employees), the contributions are paid on wages less than Rs.15000/-, the establishment is eligible. Ans : This Scheme will be valid for wage months- March, 2020, April, 2020 and May 2020. Some amount is also contributed by Employer (Company) Both Employer and Employee Contribution is invested Every year Interest is earned on amount Contributed. Your email address will not be published. and employment details like Date of Joining, Date of Exit etc? 97 - Whether a Scheme Certificate holder with a service period of 8 years can avail the withdrawal benefit on surrender of Scheme Certificate? ->Form 16A is for TDS deducted on income other than salary. The government has reduced both employer and employee contribution to the latter's EPF account from 12% of employee's salary to 10% for next 3 months, as part of its coronavirus relief measures. The employees provident fund will receive all of this money. This was done to discourage provident fund subscribers from neglecting their EPF accounts. So there will be no deduction from wages of eligible employee so he/she will have a higher take home salary. Ans : Membership is allowed only where the wages are payable to an employee. https://unifiedportal-epfo.epfindia.gov.in/publicPortal/no-auth/misReport/home/loadEstSearchHome. and all subsequent previous years have to be shared through Annexure-K or other Employees are required to contribute 12% of their salaries to the fund in the meantime. iv. If one continues to work even after attaining the superannuation age. Ans : EDLI benefit is payable to the persons eligible to receive the EPF dues. If the employee remains unemployed for more than one month, Unemployment should be more than one month. Employee Deposit Linked Insurance, or EDLI, is a type of life insurance that is offered to employees as a benefit for their EPF contributions. Ans : Member can seed his Aadhar through Member portal, after UAN is activated by employer. Ans : Claims for advance to fight COVID-19 pandemic are being processed on priority considering exigency of the situation. 404 - What is the rate of interest for not deduction of TDS? 295 - If my DoE in old account and DoJ in new account is same, can I file online claim? Ans : Member has to apply for correction to Regional office of EPFO where his EPF a/c is maintained through submission of joint request. }); if($('.container-footer').length > 1){ This is required to ensure that the bank account number uploaded in the KYC is correct and erroneous payments are avoided. Yes, the employer may voluntarily contribute more than the required minimum of 12 percent of Rs. years or older) whereas Form-15G is for everybody else. -> Step 4: Enter your UAN details and click on 'Get OTP' to get one-time password. System will ask whether OTP is to be sent on registered mobile or some other mobile. Ans : For the month of March ----- by 30th April of next financial year. Ans : Last working date or the date till when the wages earned is the date of exit . 323 - Whether Overseas Citizen of India (OCI/Person of Indian Origin (PIO) card holder will be treated as IWs ? 177 - What is the last date for applying COVID advance? Ans : No. 78 - Is it compulsory to withdraw the pension benefit along with the P.F. 249 - My name in Aadhaar and PAN are different.Can I link my PAN with UAN ? Ans : Yes. 37 - If an employee is transferred from one establishment to another establishment whether he is required to be enrolled as a member once again? 331 - What are the documents required for change in Date of Birth of EPF members ? 202 - I have applied for availing advance under Natural Calamity purpose. Ans : Yes, one mobile number can be linked with multiple UANs. Click on the Zonal office under which EPF Regional/District office falls >> Click on concerned Regional/District office to get their contact details. However, the member must ensure that his UAN is activated and at least the bank account and Aadhaar KYCs in respect of his account are approved by the Employer using his Digital Signature Certificate. 350 - Whether the contributions amount has to be initially paid by the establishment and thereafter reimbursed by Central Govt.? Any of the following documents may be accepted as valid proof of date of birth: Birth certificate issued by the Registrar of Births and Deaths, Any School / education related certificate. Employees Deposit Linked Insurance Scheme or EDLI is an insurance cover provided by the EPFO. Ans : No document is required to be submitted. 1,800, Employer's Ans : The unemployment period will be excluded from the actual service. Three schemes are operated by the Central Board of Trustees, https://www.epfindia.gov.in/site_en/index.php. Reduced EPF contribution: 16 questions answered by EPFO 158 - What does Commutation of Pension mean ? 112 - How can I know the status of my application for PF settlement, advance or transfer submitted to the EPF office? 833 (Rs. Ans : The office of the Regional PF Commissioners are the competent Authorities to issue the COC in respect in respect of Indian Workers being deputed to SSA countries. Online: If PF account is seeded with Aadhaar, PAN and Bank account is updated. All You Need to Know About EPF - Employees' Provident Fund - Paytm This means that your employer can only contribute a maximum of Rs. Five years membership of the Fund. The reduced rate is also not applicable to establishments eligible for PMGKY benefits, since the entire employees EPF contributions (12% of wages) and employers EPF & EPS contribution (12% of wages), totaling 24% of the monthly wages is being contributed by the Central Govt. 140 - What are the benefits of Aadhaar, PAN &Bank accounts details seeded with UAN ? Aadhaar based online claim submission, vii. Sevenyears membership of fund. section 195 of IT Act read with section 90 of IT Act). This continuity and a generous interest rate make EPF an excellent retirement tool. Ans : The Annual P.F. Visitor Count (w.e.f 06-08-2016): 1785042308. Ans : Employee can be allowed to join the private PF Trust but the Trust has to take exemption from the EPF Scheme. Employers contribution will also be Rs. Online request for correction in name, date of birth and gender has been introduced. The reduced rate is applicable to exempted establishments also. On exit they will enter the date of exit in their establishment form their login. The Employee Provident Fund (EPF) is a vital retirement savings tool, but problems can arise if employers fail to deposit the deducted contributions into employees' PF accounts.
