Is PF mandatory for contract employees in India?
If contractor establishments are engaged by the Principal establishment, ensure that EPF dues for all contractual employees are paid. If not paid by contractor, deduct the amount from dues payable to contractor. Statutory EPF contribution should be deducted from all eligible employees.
Are all casual workers entitled for Employees Provident Fund coverage?
Supreme Court has ruled that casual workers are also entitled to social security benefits under the Employees’ Provident Funds and Miscellaneous Provisions Act.
Is PF deduction mandatory for contract employees?
The benefits under the PF Trust Regulations, or the EPF Act, are required to be provided to even contractual employees from the date of their joining till the date of remittance.
Is PF mandatory for temporary employees?
Here the Hon’ble court emphatically ruled that since the Act covers casual employees, temporary employees should be considered for assessing eligibility under the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952 (the Act). …
Is Employee Provident Fund contribution compulsory for an employer?
An employer must contribute up to ₹1,250 towards Employee Pension Scheme, depending on the basic pay. The money contributed by an employer goes towards different schemes. Of the basic salary, about 3.67\% goes towards EPF or for investments, and 8.33\% goes towards Employee Pension Scheme (EPS).
Who is principal employer under contract Labour act?
A “principal employer” as defined under the Act covers any person responsible for the supervision and control of the establishment. In the case of a factory, such person would include the owner or occupier of the factory or a manager under the Factories Act, 1948.
Who is principal employer in case of engaging manpower?
In a factory, the owner or occupier or manager is considered a principal employer; but in an establishment or a company, the person who is in control and supervision of establishment or company will be the principal employer. Principal employer is the one who employs contract labour through a contractor.
Can I say I dont want PF?
If an employee wants to opt out of PF, he can fill out Form 11 at the time of joining his first job. He will also have to present a letter addressing the employer stating that he wishes to opt out of the Provident Fund Scheme.
Who is eligible to apply for EPF in India?
Any Indian organisation which has 20 or more employees (not daily workers) are obliged to cover their employees under the EPF fund. For international organisations based in India, it is not compulsory but if the employer wants to offer this social benefit to its employees it can apply for membership.
What is the total corpus of EPF in India?
At present, over 3.9 crore EPF Members and their families get benefits under the social security schemes administered by the EPFO. The total corpus of the EPF Scheme 1952, EDLI Scheme, 1976 and Employees Pension Scheme 1995 together amounts to about Rs.1,39,000 crores.
Is it legal for a company to force an employee to PF?
It is not legal. Every employee should get payslips end of month. Besides, if your company is not above 20 employees, then PF is not mandatory. Else, the company has to contribute to PF along with employee for PF. You can complain to labour comissioner and PF commissioner about these matters.
Is it mandatory for a company to provide payslip under EPF?
If the number of employees are less than 20 than it is only voluntary for the company to fall under EPF rule. As regards the payslip there is no law which states that the company has to provide payslip in a prescribed format but than all companies provide the same