Blog - Page 78 of 90 - Prakash Consultancy services

Dear all

Good News for EPFO Members Much awaited android app now available …!

The much awaited android app has been launched finally and the same is available for download at following link :
http://search.epfoservices.org:81/EPFOMobileApp/mobileApp_en.php

The app is 2.61MB files provides information on following matters:
1. Members
2. Pensioners
3. Employers
For members :
• Install the app, open it and click on Member
• Select ‘ACTIVATE UAN’
• The members are required to select the PF office maintaining their account
• They should then punch the establishment code , account number, UAN number, Mobile number
• The mobile number to be put in should be the same as used for UAN activation, if done already
• The member should also click on the check box to confirm that the UAN number and PF number belongs to him
• On the main screen click BALANCE/PASSBOOK
• Then the member should put in UAN number and mobile number
• Then the next screen opens up wherein the member can see Balance/Passbook

For Pensioners :
• The pensioners are required to input the PPO number
• They should then punch the date of birth.
• Details of last few months pension credited will be available for seeing.

For Employers :
• There is no requirement of registration
• The employer can verify the TRRN status by punching the TRRN number

Post Views: 1,767

An employer is liable to pay EPF contributions along with damages and interest if it fails to prove that its employees are ‘excluded ones’

High Court Judgements-PF

Prakash Consultancy Services

September 19, 2015

Dear all,

As we are are aware that many employer are not getting covered their employees under EPF act if the Basic Wages are more then 15000 or 6500
(before 1st Sep 2014)

In the recent Appellant filed an appeal before the Employees’ Provident Fund Appellate Tribunal, challenging the order passed by the EPF Authority under section 7A and 7Q of the Act on the ground that EPF Authority has not considered the fact that employees drawing salary more than Rs.6500/- per month are ‘excluded employees’ not covered under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952.

Only oral submission is not sustainable in respect of stand of the employer that its employees were drawing salary more than Rs.6500/- to bring them under the purview of ‘excluded employees’ not to be coverable under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952 in the absence of any documentary evidence since it is mandatory obligation of the employer to maintain its records properly.

The EPF Appellate Tribunal observed that appellant joined the proceedings before the EPF Authority, several opportunities were given to him to submit proper records to prove the factum of wages of the employees to be more than Rs.6500/- or Rs 15000 ( From 1st Sep-2014) per month, but the employer failed even to produce relevant records including appointment letters showing salary, date of appointment; Form 11 i.e. declaration regarding previous service/membership, salary slips etc. whereas it is mandatory for an employer to maintain proper record regarding every employee. No books of Accounts and Income Tax Returns were submitted.

No documentary evidence was submitted to prove that employees were drawing salary more than Rs.6500/- per month. Rather, the appellant submitted an affidavit declaring non-maintenance of Books of Accounts and non-submission of Income Tax Returns etc.

Only oral submission is not sustainable. It is on record that specific number of employees were found working in the appellant establishment upon physical verification of Enforcement Officer. Hence, appeal is dismissed since there is no illegality in the impugned order.

Associated Security & Intelligence Agency vs. APFC, Muzaffarpur

ATA No. 151(3) 2013, decided on 29.7.2015

From the above order i would request all employer to pls get proper documentation done have once copy in the respective Personal file of Employee so that there is no liability in future

Post Views: 2,248

EPF Dues to be paid online Mandatory from Jan 2016

Provident Fund - (Notification -Circulars)

Prakash Consultancy Services

September 2, 2015

Dear all,

As all are aware that Monthly EPF dues are to be paid online 58 Banks are nominated for the same pls refer to the respective circular as enclosed where in EPF dues if less then Rs 1 lakh such payments can be made through Cheques or Demand draft till 31st Dec 2015 Thereafter it will be mandatory for all employers to make the EPF monthly dues electronically through Internet Banking

Mandatory online payment of EPF through Electronically from 1st Jan 2016

Post Views: 1,801

No Revenue Stamp Required for EPF Withdrawal

Provident Fund - (Notification -Circulars)

Prakash Consultancy Services

September 2, 2015

Dear all,

Employees’ Provident Fund Organisation (EPFO) has done away with the mandatory requirement of affixing one rupee revenue stamp on claim forms thereby bringing independence from this hassle to millions of PF subscribers every year

Henceforth, one rupee revenue stamp will not be required for most of the claim forms as in 97 per cent cases of PF settlement, the payment is made through National Electronic Fund Transfer (NEFT)

The decision was taken after consultation with Ministry of Law & Justice that opined that as per practice, no revenue stamp is required with respect to payment made through NEFT.

Pls refer to the respective circular as appended below

No Revenue Stamp Required for EPF Withdrawal

Post Views: 1,588

Maharashtra Minimum wages 1st July 205 to 31st Dec 2015

Minimum Wages-Maharashtra

Prakash Consultancy Services

August 12, 2015

Dear All,

Pls Find Enclosed Maharashtra Minimum wages from 1st July 2015 to 3st Dec 2015.

Along with the Marathi language I have this time prepared the English Version with the basic Wages

Pls Also add 5 % HRA along with Basic +Special Allowance wherever the no of employees are more then 50 as per Maharashtra Minimum HRA Act

English
Special Allowance In English 1St Jul 2015 to 31st Dec 2015

Marathi
Special Allowance for 1 July 2015 to 31 Dec 2015

Post Views: 1,847

Social Security Agreement between India & Canada

Provident Fund -International workers

Prakash Consultancy Services

August 1, 2015

Dear all,

Government of India has Entered in to Social Security Agreement between India & Canada.Following the principles of reciprocity this agreement is intended to benefit the employees of both India & Canada

The respective agreement is W.E F from 1st Aug 2015 the necessary agreement is enclosed below

Social Security Agreement Between India & Canada W,E,F 1st Aug 2015

Post Views: 1,697

Construction Workers Covered under ESIC W.E.F 1st Aug 2015 in implemented areas

Esic-Circulars

Prakash Consultancy Services

August 1, 2015

Dear All,

In continuation of earlier Press Note dated 17/7/2015 regarding coverage of Site Construction Workers, ESIC has now issued instructions dated 31/7/2015 advising that w.e.f. 01/08/2015 all construction workers working at construction sites will be treated as covered under ESI Act, 1948 and rules/regulations framed thereunder.

Contruction Worker Covered under ESIC 1st Aug 2015

Post Views: 2,009

Helpline Number of ESIC Now 24×7 1800113839

Esic-Circulars

Prakash Consultancy Services

July 23, 2015

Dear All,

The Director General has desired to extend the facility of ESIC Medical

helpline to its beneficiaries through 24×7 helpline number.This helpline will be connected to the telephone number installed in Casualty/Emergency of the state concern from where the Insured Person is calling through Conferencing Call.

helpline number 1800-11-3839

The Respective circular in this regards is attach below

Helpline Number of ESIC 1800113839

Post Views: 2,649

Goa Minimum wages 2015 W.E.F from 28th May 2015

Minimum Wages-Goa

Prakash Consultancy Services

June 6, 2015

Dear All,

Goa Minimum wages have been revised W.E.F from 28th May 2015 copy of the same is enclsoed

Pls Download the same

Goa Minimum wages 2015

Post Views: 1,654

Amendment in Section 192A of the IT Act, 1961 – Instructions for deduction of TDS on withdrawal from PF

Provident Fund - (Notification -Circulars)

Prakash Consultancy Services

May 22, 2015

Dear All,

From 1st of June 2015 a new Amendment in Section 192A of the IT Act, 1961 – Instructions for deduction of TDS on withdrawal from PF

Income Tax shall be deducted at source (TDS) at the following rates if at the time of payment of the accumulated PF balance is more than or equal to Rs. 30,000/-, with service lessthan 5 years:-

a) TDS will be deducted @ 10% provided PAN is submitted. In case Form No. 15G or 15H is submitted by the member, then no TDS shall be deducted.

b) TDS will be deducted @ maximum marginal rate (i.e. 34.608%) if a member fails to submit PAN (and no Form No 15G or 15H).

TDS shall not be deducted in respect of the following cases:-

• Transfer of PF from one account to another PF account.

• Termination of service due to ill health of member, discontinuation/contraction of business by employer, completion of project or other cause beyond the control of the member.

• If employee withdraws PF after a period of five years of continuous service, including service with former employer.

• If PF payment is less than Rs. 30,000/- but the member has rendered service of less than 5 years.

• If employee withdraws amount more than or equal to Rs. 30,000/-, with service less than 5 years but submits Form 15G/15H along with their PAN

Notes

1. TDS is deductible at the time of payment.

2. TDS will be deducted under Section 192A of Income Tax Act, 1961.

3. Form 15H is for senior citizens (60 years & above) and Form 15G is for individuals having no taxable income. Form 15G & 15H are self declarations and may be accepted as such in duplicate.

4. Members must quote PAN in Form No.- 15G / 15H and in Form No. 19.

5. Form Nos. 15G and 15H cannot be accepted if amount of withdrawal is more than Rs. 2,50,000/- and Rs. 3,00,000/- respectively

A flow-chart is appended for understanding the implications of the Amended Provision in the Income Tax Act 1961