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Eligibility to Membership:
a) Employees' Provident Fund Scheme:
- Every employee (including part-time workers and those employed by or
through contractors) shall be entitled to become a member of the Scheme
from the date of joining the factory or the other establishment. (Para
26)
- Every excluded employee shall be entitled to become a member from
the date he ceased to be such employee.
- Every member of an exempted Provident Fund on joining establishment
to which the Scheme applies.
- Any employee who is not otherwise eligible to become member of the
Scheme, on request by him and his employer.
- Every newspaper employee other than an excluded employee shall be
entitled to become member of the Fund after completion of 3 months
continuous service or if he has actually worked for 60 days during 3
months or less (There is no wage ceiling in the case of newspaper
employee). (Para 80)
- Every Cine Worker other than an excluded employee shall be entitled
to become a member of the Fund if he has worked in not less than three
feature films with one or more producers provided his pay at the time of
joining the Fund does not exceed Rs. 1600/-P.M or Rs.15,000/- per year.
(Para 81)
Note: w.e.f 1-11-90 , an employee is eligible for membership from the very
first date of joining a covered establishment.
b) Employees' Pension Scheme:
- Every employee who became member of the Employees' Provident Fund
Scheme on or after 16-11-95. (Employee who is above the age of 58 on the
date of joining the Employees' Provident Fund Scheme shall not be
enrolled).
- Every employee who is a member of Employees' Provident Fund Scheme
1952 and who has not opted for erstwhile Employees' family pension
scheme, may also become a member if he opts for Employees' Pension
Scheme.
- Every employee who was a member of Employees' Provident Fund Scheme
and has left service between 1-4-93 and 15-11-95 can also join the
Employees' Pension Scheme by submission of option.
Note: The Employees' Pension Scheme membership will cease from the date the
member attains 58 years of age . However, he will continue to be a member of
Employees' Provident Fund till he leaves the service and withdraws the Provident
Fund accumulations.
c) Employees' Deposit Linked Insurance Scheme:
Every employee who become member of the Employees' Provident fund
Scheme/exempted Provident Fund Scheme.
Administrative Charges
a) Employees' Provident Fund Scheme:
1.10% of total wages on which Provident Fund is recovered subject to a
minimum of Rs. 5/- shall be payable by the employer every month . Prior to
1.8.98, w.e.f. 1.8.98 .65% of total wages
b) Employees' Pension Scheme Scheme:
No administrative charges are payable by the employer .The entire cost of
administration is met by Central Government .
c) Employees' Deposit Linked Insurance Scheme:
0.01% of the total on which the Employees' Deposit Linked Insurance
contributions recovered subject to a minimum of Rs. 2/- per month .
Inspection Charges
a) Employees' Provident Fund
Scheme:
0.18% of the total wages on which Provident Fund is recovered .
b) Employees' Pension Scheme Scheme:
Nil .
c) Employees' Deposit Linked Insurance Scheme:
0.005% of the total wages of the employees who are entitled to become
members of the Employees' Deposit Linked Insurance Scheme subject to a minimum
of Re. 1/-
Duties of Employer
a) Employees' Provident Fund Scheme (Para 36)and (Para 36A):
- Enrol the eligible employees as Employees' Provident Fund subscriber
from the right date.
- Send initial returns in Form 5A , F9(Revised) , accompanied by
F2(Revised), monthly returns in F5, accompanied by F2, F10, F12A
accompanied by challans and annual return in F3A accompanied by F6A.
- To maintain the inspection note book for an inspector to record his
observation.
- Maintain such accounts in relation to the amounts
contributed to the fund andby his employees.
- To comply with all the directives issued by the Central Board for
proper implementation of the scheme.
Pay to the Fund within 15 days of the close of the month both the shares of
contribution and administrative charges or inspection charges .
b) Employees' Pension Scheme Scheme (Para 20 EPS '95):
There is no need to furnish a separate return by the employers.
Pay to the Fund within 15 days of the month Pension Fund contributions.
c) Employees' Deposit Linked Insurance Scheme (Para 10):
There is no need to furnish a separate return by the employers .
Pay to the Fund within 15 days of the close of the month both the contributions
and Administrative charges or Inspection charges .
DO'S FOR A MEMBER:
- While joining an establishment, furnish details of previous employment
if any, with previous Provident Fund a/c number and scheme certificate.
- In case of existing Provident Fund/ Pension a/c, apply for transfer of
previous a/c number to the present a/c number.
- Ensure that employee furnishes form with details of previous Provident
Fund a/c no. to Employees' Provident Fund Organisation.
- Execute form-2, in details of self, nominee for Provident Fund and
pension and details of family and see that it is forwarded to Employees'
Provident Fund Organisation by the employer.
- Ensure that particulars furnished are correct in all respects.
- Ensure that enrolment to Employees' Provident Fund/ Employees' Pension
Scheme is done immediately on joining the establishment.
- Provident Fund is deducted at statutory rate from the total wages i.e.
basic, D.A. and retaining allowance if any.
- If desirous of enhancing rate of contribution, inform the desire with
the higher rate opted for to Employees' Provident Fund Organisation through
employer and allow employer to deduct at enhanced rate from the wages.
- If the wages drawn is more than Rs. 6500/-, intimate your desire to
contribute on the whole amount to Employees' Provident Fund Organisation
through employer. Employer can also contribute on the whole amount drawn as
wages under intimation to Employees' Provident Fund Organisation.
- Check up periodically with the employer that contribution and other
charges are paid to Employees' Provident Fund Organisation and ensure it's
correctness by verifying the form-3A (contribution card) maintained by the
employer.
DON'TS FOR A MEMBER:
- Don't give false clarification and incorrect particulars to Employer and
Employees Provident Fund Organisation.
- Don't fall victim to middlemen/ agents. Employees' Provident Fund
Organization does not have any agent.
- Don't allow Employer to deduct his own share of contribution or
administrative charges payable by him from the wages.
- Don't be a party to misclassified allowances, with a view to avoid
payment of Provident Fund.
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