PROVIDENT FUND

Employee’s Provident & Miscellaneous provisions act

Any other establishment employing 20 or more persons which Central Government may, by notification, specify in this behalf.Applicability : Every establishment which is a factory engaged in any industry which has 20 persons are employed.

Any establishment employing even less than 20 persons can be covered voluntarily u/s 1(4) of the Act.

Banks employing 20 or more employees.

Aamta Nirbhar Bharat Rojgar Yojna (ANBRY)

New employees who have joined between 1-10-20 to 30-6-21 or who have exited during 31-3-20 and rejoin after 1-10-20 and having salary less then 15000 will receive the benefit of  employees and employers contribution towards PF from Government ( You need not to pay single peny from pocket)

New PF Registration done before 30-6-21

Type of employee fall under PF registration

1.    Full-time employees

2.    Part-time employees

3.    Employees Working at Home

4.    Contractual Employees

5.    Full-time Consultants

PF Due dates

PF Payment Due Date 15th of every month
PF Monthly Return Due Date 25th of every month
PF Annual Return Due Date 30th April

Penal Provision

Liable to be arrested without warrant being a cognisable offence. Defaults by employer in paying contributions or inspection /administration charges attract imprisonment up to 3 years and fines up to 10.000 (S.14) For any retrospective application, all dues have to be paid by employer with damages up to 100% of arrears.

Documents required to register under provident fund (PF)