Purpose & Object
The Employees' Provident Funds & Miscellaneous Provisions Act, 1952 has been enacted with the main objective of protecting the interest of the employees after their retirement and their dependents after death of the employee. The Act provides insurance to workers and their dependents against risks of old age, retirement, discharge, retrenchment or death.
EPF Applicability
The Employees' Provident Funds & Miscellaneous Provisions Act, 1952 extends to whole of India except the state of Jammu & Kashmir. It applies on every establishment employing 20 or more persons & engaged in industry specified in Schedule I of the Act or any other activity notified by the Central Government. It applies to all departments / branches of an establishment wherever situated. Any establishment employing even less than 20 persons can be covered voluntarily under section 1(4) of the Act
EPF Eligibility
Employees drawing salary / wages at the time of joining up-to Rs. 15,000/- per month are governed by the provisions of the Act; Employees drawing salary / wages more than Rs. 15,000/- per month may also be brought under the purview of the Act at the discretion of the management and by furnishing a joint undertaking to the Provident Fund Commissioner; Employees engaged through the Contractor in or in connection with the work of an establishment are also covered under the purview of the Act.

Rate of EPF Contribution
Monthly Contribution	Employees’ Provident Fund	Employees' Deposit Linked Insurance Scheme	Employees' Pension Scheme
By Employer	12% of Basic Wages, Dearness Allowance, Cash Value of Food Concession & Retaining Allowance plus Administrative Charges	0.50% of Basic Wages, Dearness Allowance, Cash Value of Food Concession & Retaining Allowance (subject maximum wage limit of Rs. 6,500/-) plus Administrative Charges	8.33% (out of 12% contribution payable under EPF) subject to maximum of Rs. 541/-
By Employee	12% of Basic Wages, Dearness Allowance, Cash Value of Food Concession & Retaining Allowance	NIL	NIL
By Central Government	NIL	NIL	1.16%

Services We Offer

At Rane & Associates, we take care of the following compliances to Employees' Provident Funds & Miscellaneous Provisions Act, 1952:

• Criteria for applicability for Employees' Provident Fund (EPF)
• Obtaining EPF Registration / EPF Code Number;
• Monthly reminders for EPF Payments
• Preparing and filling monthly returns with Employee’s Provident Fund Authority
• Preparation & Maintenance of Statutory Registers & Records as required under EPF Act / Schemes;
• Preparation & Maintenance of Inspection Note Book, Annual Contribution Statement, Pass Book;
• Furnishing of particulars of change in ownership / management of the establishment;
• Formation of EPF Trust & Compliances thereof

Support in EPF Compliances

• Criteria for applicability for Employees' Provident Fund (EPF)
• Obtaining EPF Registration / EPF Code Number;
• Monthly reminders for EPF Payments
• Preparing and filling monthly returns with Employee’s Provident Fund Authority
• Preparation & Maintenance of Statutory Registers & Records as required under EPF Act / Schemes;
• Preparation & Maintenance of Inspection Note Book, Annual Contribution Statement, Pass Book;
• Furnishing of particulars of change in ownership / management of the establishment;
• Formation of EPF Trust & Compliances thereof

Support in EPF Compliances

• Criteria for applicability for Employees' Provident Fund (EPF)
• Obtaining EPF Registration / EPF Code Number;
• Monthly reminders for EPF Payments
• Preparing and filling monthly returns with Employee’s Provident Fund Authority
• Preparation & Maintenance of Statutory Registers & Records as required under EPF Act / Schemes;
• Preparation & Maintenance of Inspection Note Book, Annual Contribution Statement, Pass Book;
• Furnishing of particulars of change in ownership / management of the establishment;
• Formation of EPF Trust & Compliances thereof