The Employees' Provident Funds and Miscellaneous Provisions Act, 1952 CONTRIBUTIONS TO THE FUND:- • Contribution is to be made mandatorily in respect of employees whose salary is Rs.15000 p.m or lower. However, other employees who are paid higher can become members on a voluntary basis. • An employee can contribute more than 12% of Rs 15, 000 if they wish to do so. However, there is no obligation that the employer has to match the employee’s contribution. • To become members on a voluntary basis and to pay contribution on higher wages, a joint request from both employer and employee is required. IMPORTANT NOTES:-  Monthly contribution shall be paid by the employer by filing ECR under Payment - >ECR/RETURN filing on or before 15th of every month.  Monthly contribution shall be paid through ONLINE only.  Contribution is rounded to the nearest rupee for each employee.  In case the establishment is exempted under EDLI Scheme, (no need to remit under A/c.No.21)  Inspection charges @ 0.005% on total wages, subject to minimum of Rs.1/- is payable in A/c.No.22.  Non-remittance of PF contribution deducted from employees’ wages shall be construed as Criminal breach of Trust, punishable under section 405/406 of Indian Penal Code. Get in touch today! Corpmaxx Consultees Labour Law Consultant PF Consultants in Mumbai, Navi Mumbai and Thane | Tax Consultants in Mumbai, Navi Mumbai and Thane | ESIC Consultants in Mumbai, Navi Mumbai and Thane | Shop Establishment Consultants in Mumbai, Navi Mumbai and Thane | Labour Law Consultants in Mumbai, Navi Mumbai and Thane | Labour Licence Consultants in Mumbai, Navi Mumbai and Thane | Professional Tax Consultants in Mumbai, Navi Mumbai and Thane | Shop Act Registration in Mumbai, Navi Mumbai and Thane | Compliance Consultants in Mumbai, Navi Mumbai and Thane | Statutory Compliance Consultants in Mumbai, Navi Mumbai and Thane | MLWF Consultants in Mumbai, Navi Mumbai and Thane | Factory Licence Consultants in Mumbai, Navi Mumbai and Thane Service Areas: Parel, Dadar, Ghatkopar, Vikhroli, Kanjur Marg, Powai, Bhandup, Nahur, Mulund, Thane, Taloja, Wagle Estate, Bhiwandi, Dombivli, Kalyan, Ambernath, Badlapur, Atgaon, Lower Parel, Prabhadevi, Bandra, SantaCruz, Vile Parle, Andheri, Marol-Andheri, Sakinaka, Kandivali, Borivali, Vasai Road, Virar. Chembur, Vashi, Nerul, Belapur CBD, Kharghar, Panvel, Airoli, Rabale, Mahape, Turbhe, Virar, Palghar, Boisar. 04-03-2024