123ArticleOnline Logo
Welcome to 123ArticleOnline.com!
ALL >> Business >> View Article

Who Is Eligible For Employee Pf Membership?

Profile Picture
By Author: The Employee Provident Fund (PF) is operated by an
Total Articles: 109
Comment this article
Facebook ShareTwitter ShareGoogle+ ShareTwitter Share

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, 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, 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, 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 him/her for contributing greater than Rs. 5000/- of his salary per month if he/she is already a member of the fund, 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 he/she withdraws his/her 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, 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.

Total Views: 189Word Count: 469See All articles From Author

Add Comment

Business Articles

1. Building Confidence: The Crucial Role Of Pre-sale And Pre-purchase Inspections In Real Estate Transactions
Author: adlercon way

2. Lucintel Forecasts Asic Chip Market To Reach $49 Billion By 2030
Author: Lucintel LLC

3. Best Petrol Pump Management Software In India
Author: Rupasri

4. Stainless Steel 316 Stud Bolt | Astm A193 Ss 316 Studj Bolt- Fas10
Author: Stainless Steel 316 Stud Bolt | ASTM A193 SS 316 S

5. Collar Bolts Fastener
Author: Collar Bolts Fastener

6. The Perks Of Buying A Used Car
Author: Cameron Clark

7. Transform Your Space: Interior Designer In Trivandrum Can Elevate Your Home
Author: VC interiors

8. Your Complete Guide For Purchasing A Vehicle
Author: Cameron Clark

9. Lucintel Forecasts Antimony Trioxide Market To Reach $3 Billion By 2030
Author: Lucintel LLC

10. Abrex 400 Plates Stockists In India
Author: Mukesh Mehta

11. Jindal Steel Sheet Price: Factors And Considerations
Author: Archana

12. Chaveiro IndianĂ³polis
Author: Chaveiro IndianĂ³polis

13. Lucintel Forecasts Agrochemical Market To Reach $489 Billion By 2030
Author: Lucintel LLC

14. Is Swing Barrier Is Streamlined Solution?
Author: Vignesh

15. What Is Esg Report And Its Strategy?
Author: Agile Advisors

Login To Account
Login Email:
Password:
Forgot Password?
New User?
Sign Up Newsletter
Email Address: