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The Employees Provident Funds and Miscellaneous Provisions Act, 1952.


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The Employees Provident Funds and Miscellaneous Provisions Act, 1952.

  1. 1. The Employees Provident Funds and Miscellaneous Provisions Act, 1952.
  2. 2. The Employees The Employees The Employees’ Deposit LinkedProvident Fund Pension Insurance Scheme, 4th Scheme, 1995. Scheme,1976 march,1952.
  3. 3.  Compulsion:• Members of Family Pension Scheme 1971• Provident Fund Act 1995. Option:• Only the Provident Fund subscribers• Those covered under the voluntary retirement scheme (w.e.f 1-4-1993).
  4. 4. Service less than 10yrs Minimum 10yrs of Eligible to pensionary Pension onservice and pension benefits OR claim discounted rate at thepayable at the age of returns of age of 50yrs. 58yrs. contribution/withdrawal benefits
  5. 5. Superannuation at the age of 58yrs. Retirement. Permanent total disablement. Death during service. Children pension. Orphan pension.Administration Administered under the tripartite central board of trustee set up under the act.
  6. 6. Employer contributing Consolidated report Employees leaving 8.33% of the within 3 months to service, report shall be employees pay RPFC sent to RPFC within towards EPF during 15days of preceding last 15days. month. Implementation of Obligations Submit a statement direction issued by of every contractor of within last 7days of Central Board Employers every month. Particulars ofemployee & his family Ensurity of collection Furnish & intimate if not a member of of particulars of the RPFC within 15days EPF in his previous employees and his about their employment. family. branches, dept., direct ors, owners, managers etc.
  7. 7.  Furnish particulars about himself and his family. Medical tests prescribed by the central board for benefits on permanent disablement. Refund contribution along with interestExemption The central government may exempt an establishment subject to the condition mentioned in the annexed schedule.
  8. 8. Applicability Both exempted and unexempted member employee of the Employees’ Provident Fund Act 1952.Exemption If the majority of the employee favoring other beneficial insurance scheme approved by government. Under sec-17 2A central government has the power to grant exemption.
  9. 9.  Liable to pay penalties with the 37% of the arrears laid by the Regional Commissioner- RC, if the amount is not paid by later half of each month- 5days grace period.Legal actions Section 14 of this act Section 406/409 of the I.P.C Sued for revenue under revenue recovery act.