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CONTRIBUTION

41 Is it possible for an employee to contribute at a higher rate than 12 % ?

Yes, This is called voluntary contribution. If an employee desires to contribute an amount at a higher rate than 12 % of basic salary then they can do so but it does not become obligatory for the employer to pay anything above than 12 %. A Joint Declaration Form needs to be filled up where the employer and the employee both have to give a declaration as to the rate at which PF would be deducted.
42 Is it possible for an employee to contribute at a higher rate than 12 % ?

Yes, This is called voluntary contribution. If an employee desires to contribute an amount at a higher rate than 12 % of basic salary then they can do so but it does not become obligatory for the employer to pay anything above than 12 %. A Joint Declaration Form needs to be filled up where the employer and the employee both have to give a declaration as to the rate at which PF would be deducted.
43 What component of wages/salary are used to calculate PF?

The monthly pay shall be the pay as specified under Para 29 of the EPF Scheme, 1952, which covers:

• Basic wages (all emoluments paid or payable in cash while on duty or on leave / holiday except Dearness allowance, House rent allowance, overtime allowance, bonus, commission or any other similar allowance payable in respect of employment and any presents made by the employer)
• Dearness allowance (all cash payments by whatever name called paid to an employee on account of a rise in the cost of living)
• Retaining allowance
• Cash value of any food concession
44 What component of wages/salary are used to calculate PF?

The monthly pay shall be the pay as specified under Para 29 of the EPF Scheme, 1952, which covers:

• Basic wages (all emoluments paid or payable in cash while on duty or on leave / holiday except Dearness allowance, House rent allowance, overtime allowance, bonus, commission or any other similar allowance payable in respect of employment and any presents made by the employer)
• Dearness allowance (all cash payments by whatever name called paid to an employee on account of a rise in the cost of living)
• Retaining allowance
• Cash value of any food concession

COVERAGE

45 What is a covered establishment?

Covered establishment is an establishment belonging to the class of industries / other establishments, which has been listed in the schedule appended to the Employees' Provident Fund and Miscellaneous Provisions Act 1952 and where 20 or more persons are employed.
46 What is a covered establishment?

Covered establishment is an establishment belonging to the class of industries / other establishments, which has been listed in the schedule appended to the Employees' Provident Fund and Miscellaneous Provisions Act 1952 and where 20 or more persons are employed.
47 How many years service is required to be eligible to receive member pension?

Minimum 10 years eligible service will entitle for member pension.
48 How many years service is required to be eligible to receive member pension?

Minimum 10 years eligible service will entitle for member pension.
49 When does an employee become eligible to become a member of Employees' Provident Fund Scheme, 1952 and Employees' Deposit Linked Insurance Scheme, 1976?

An employee becomes a member of Employees Provident Fund (Employees' Provident Fund) Scheme, 1952 / Employees Deposit Linked Insurance (Employees' Deposit Linked Insurance) Scheme, 1976 immediately on joining an establishment covered under the Employees Provident Funds & Miscellaneous Provision Act, 1952.
50 When does an employee become eligible to become a member of Employees' Provident Fund Scheme, 1952 and Employees' Deposit Linked Insurance Scheme, 1976?

An employee becomes a member of Employees Provident Fund (Employees' Provident Fund) Scheme, 1952 / Employees Deposit Linked Insurance (Employees' Deposit Linked Insurance) Scheme, 1976 immediately on joining an establishment covered under the Employees Provident Funds & Miscellaneous Provision Act, 1952.
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