EPF

How to Generate UAN Yourself Based on Aadhaar: The Employee’s Provident Fund or EPF Started the EPFO service to make their user’s accounts portable. They launched the facility of the Universal Account Number or UAN in 2014. People have to mandatorily have a UAN if they want to have an EPF account or wish to contribute. Previously, people could get the UAN from their new employer, and every time people changed their jobs, they had to provide the number.

As an upgrade, you can now get a UAN without the help of your employer. The EPFO allows you to go online and create a UAN number on your own. People who are newly employed, or are freshers or have older EPF accounts, but no UAN number can generate it online.

If you are a new employee, then you can generate a UAN and provide it to your employer at the time of your joining when you have to fill up forms for your contribution to the EPF account. It is straightforward to generate the number as per a circular of EPFO. It states that new joiners who face problems due to mismatching data with their Aadhaar card can generate UAN on their own.

What is UAN or Universal Account Number?

Your Universal Account Number or UAN is a 12 digit number that is unique to you. It is allotted to each person of the Employee Provident Fund or the EPF, which can help them control all their EPF accounts. Your UAN is associated with an employee. It will connect with all of your PF or Provident Fund accounts across different organisations.

Eventually, an employee will get allotted to multiple PF account numbers. The concept of UAN helps people with numerous PF accounts to manage and handle their accounts quickly. The single account number of the UAN is connected to multiple IDs on an employer. They can connect with all their EPFO accounts and make their PF withdrawal transfers easier.

Requirements for UAN Generation

The documents you will require to generate your UAN are as follows:

• Your Aadhaar card number
• Your phone number linked to the Aadhaar database

How to Generate UAN Using Aadhaar?

• Step 1: Go to the login screen of the Member portal on the official site of EPF.
• Step 2: Click on the link- ‘UAN Allotment.’
• Step 3: On the new page that opened, enter your Aadhaar number and click on the ‘Generate OTP’ button. You will get an OTP on your registered mobile number.
• Step 4: Enter the OTP and accept the Disclaimer box that is below it. Click the ‘Submit’ button to proceed.
• Step 5: You will see a screen that displays the basic details available against the Aadhaar number you entered previously. Then you can verify your details and enter the required data in the mandatory fields marked with asterisks. You can then click on the ‘Register’ button after entering the captcha.
• Step 6: By clicking on the ‘Register button, they will allot a UAN number, and it will be displayed as your message on your screen.

When you join the new job, you can submit the UAN number to your employer and get linked to the UAN.

Benefits of Direct UAN Allotment

It has become easier to transfer your Employee Provident Fund account or the EPF account while changing jobs. If you are a new joiner, you no longer require filing the separate EPF transfer claim with form 13 after changing jobs. It becomes automatic. EPFO also has a new composite form called Form 11 that has replaced Form 13 in all automated transfer cases.

Previously, UAN could only be generated by employers after contributing to their PF account. EPFO realised that in large firms with a vast number of joiners every month, it becomes difficult for the employers to generate each of their UANs due to a mismatch of input date with their Aadhaar. Hence, they introduced the self-generation process for UAN.

Any citizen or a prospective employee can now generate their UAN based on their Aadhaar. They will get the OTP on their Aadhaar linked mobile and can input the data for verification. They will need to give the basic details such as their name, date of birth or DOB, gender, father’s name/ husband’s name etc., from the UIDAI, and they can generate the number successfully.

It is essential to know that you must have an Aadhaar linked mobile number to generate your UAN by yourself. Developing the number is of great help to the employees, and they can avail of the hassle-free services from the EPFO.

There are certain video tutorials that you can watch to know exactly how to generate your UAN number. Go to the Unified Member Portal to find the link, and you can do it at your will.

EPF Withdrawal Before Five Years: The Government of India will pay the employers and worker contribution to the EPF record of workers for an additional three months from June to August 2020. The advantage is for foundations with up to 100 workers and where 90% of those workers draw a compensation of not as much as Rs. 15,000 every month. The endowment to EPF is diminished to 10% from 12% for non-government associations. The interest rate pertinent to the EPF endowments is 8.5% for FY 2020-21.

Benefaction towards an EPF account gives an advantage to people via an allowance under Section 80 C. It would likewise be great to realize the annual duty or TDS implication of EPF withdrawal. Curiously, EPF withdrawal is taxable under particular conditions and excluded in specific situations.

EPF Withdrawal Before 5 Years

If you withdraw from EPF before finishing five years of continuous service, TDS will be reduced. In evaluating five years of service, your tenure with the prior employer is also incorporated. If you transfer your EPF balance from the previous employer to the current employer and your total employer and your full employment is five years or more, no TDS is reduced. Kindly remember that you must evaluate the same five years; there is no favour if you are short by a few days. An overview of EPF withdrawal before five years is given underneath:

• After leaving your old work and being jobless for a very long time, you can pull out EPF and EPS. Special cases.
• A lady who quit their place of employment for getting married, pregnancy or childbirth won’t need to trust that two months will draw out.
• If you are quitting because of wellbeing reasons.

Who is traveling to another country for business/settlement and doesn’t mean to return soon?

Before five years of finish of administration, Provident fund withdrawal will pull in TDS(tax deducted at source)
successful from Jun 1, 2015.

• TDS on EPF will be taken away if withdrawal is more than Rs 50,000. This is pertinent from June 2016. Earlier, this cutoff was Rs 30,000.
• TDS will be deducted at 10 % gave PAN is submitted. Or else, TDS is at the pace of 34.608 % if PAN isn’t presented.
• You can submit form 15G/15H to stay away from TDS on the off chance that you pull out offline.

You can pull it out on the web or offline.

• You can pull out web-based utilizing UAN part entryway (if KYC is affirmed).
• To withdraw EPF offline through the old firm, If you have UAN, then you need to submit Composite PF Claim Forms (Non-Aadhar based and Aadhar based) which restored forms No. 19, 10C,19 (UAN), 31, 10C (UAN) and 31 (UAN)
• To pull out EPF offline through the old firm, If you don’t have UAN, You need to submit Form 19 and Form 10C.
• To draw out EPF offline without going through the old firm for un exempted associations, you can move toward EPFO straightforwardly. Unexempted associations are those where you are not adding to EPF Private Trust.

You can Track EPF Withdrawal

You will get regular SMS refreshes.

You’ll get two distinct amounts. One is for your EPF withdrawal, and the other is for the Pension contribution.

If, by chance that you draw out your PF balance before the expiry of five years of commitment, at that point, it is available in the year in which you draw out.

• Your manager’s commitments alongside the collected interest sum will be burdened as “benefits in lieu of pay” under the head Salary. However, help under Section 89 will be accessible.
• Interest collected on your (worker) contributions will be burdened under the head “Income from different sources”.
• The tax derivations guaranteed on your contributions to EPF will be renounced or moved back and responsible for the tax.

When Can Someone Make EPF Withdrawal?

The laws or rules are that a worker ought not to be in work for about two months after leaving and if he needs to draw out his Provident Fund sum. In the past, one could draw out EPF from one occupation even in the wake of joining another work as EPFO couldn’t follow if that one worked or had a PF account.

Yet, presently with the UAN number, EPFO can see if you are utilized or not and consequently, EPFO can hypothetically dismiss your application. Recollect that EPF is a drawn-out retirement venture item, and a move of record will assist you with getting the enchantment of compounding.

What Happens If Someone Doesn’t Withdraw From The Epf Account After Quitting The Job?

When you leave the work, you quit adding to the EPF account, and your EPF account gets inactive. EPF accounts were considered broken when there was no contribution for 36 months.

Such records quit acquiring interest from the financial year 2011-12. On Aug 2 2016, Labour Minister Bandaru Dattatreya said in the Rajya Sabha that the public authority has chosen to credit interest to these inoperative accounts, transforming them into active accounts. On Nov 11 2016, notice was given with this effect.

Presently, the account will be viewed as inactive just when the representatives retire at 55 years old or move to another country forever. As indicated by the notice, assuming the record holder dies, his/her account will be considered out of commission.

How are the Five Years Evaluated for EPF withdrawal?

Five years mean five years of benefaction to EPF. Let’s assume you worked in an association for a very long time and afterward left it for higher studies. At that point, you have added to EPF for three years of age.

Simply holding the PF account with the business for a very long time won’t make it five years and will not remove the tax implications. Be that as it may, your EPF would procure interest. So If you plan to take work after some time(say after higher studies end), you can leave your PF account and move it to a new business in the wake of joining.

Are Two Months Waiting Time for EPF Withdrawal Valid In All Cases?

No. In given cases, two months sitting and waiting period for applying for EPF withdrawal is postponed off.

• Those representatives travelling to another country for work/settlement and don’t plan to return soon can Apply for rapid PF withdrawal.
• A lady can Withdraw cash if she is leaving a job for marriage. You need to give evidence of the marriage like a wedding card.
• These are after the retirement or passing of the worker.

How Much Will One Get On Withdrawing from EPF?

You can check your EPF balance differently. If UAN is enrolled, you can Check EPF Balance by following techniques :

• Check EPF Balance by sending SMS: Assuming your UAN is enrolled, from the mobile send SMS EPFOHO UAN ENG to 7738 299 899. You have the choice to determine nine different dialects like HINDI, Gujrati and so on.
• Get EPF Balance by Missed Call: If by chance, you have an applicable UAN, your mobile number also will be enrolled with the EPF division. A missed call to the phone number 011 229 01 406, at no expense, will guarantee that you get an SMS that rundowns down your PF number, age and name according to the EPF record.
• UAN Passbook: Presently Member passbook is accessible at http://www.epfindia.gov.in >> Our Services >> For Employees >> Member Passbook. You can utilize your UAN number and password to download the passbook.
• Check EPF balance with EPF mobile App: Download the Mobile App m-epf from the Google Play store. Likewise, one can see their month-to-month credits through the passbook to see their information accessible with EPFO.

Check EPF Balance

For UAN not enlisted, You can check EPF balance as follows.

• EPF through Member Balance site and get SMS From July 2011, one can check the EPF account balance on the web. Note Often, balance is old and not refreshed.
• Visit http://www.epfindia.com/site_en/
• Tap on Employers Provident Fund Organization Office or EPFO Office.
• Enter your PF Account Number which is in the organization: EPFO Office Code/Establishment Code(Max. 7 Digits) / Account Number (Max 7 digit) (PF Account Number might not have Extension code, all things considered, leave it clear) / Extension(Max 3 digits).
• Enter your Mobile Number and Name, Accept Terms and condition and Submit.
• You will get an SMS alert from EPFO: EE sum: Rs XXXXX and ER sum Rs: XXXXX as on < Today’s Date>(Account refreshed up to Date).

You would get the manager’s commitment, employee contribution and premium procured on it. To revive Normally, both the business and worker contribute 12% of every one of the essential compensation of the representative and DA (assuming any) to EPF. (Representative can offer more towards EPF voluntarily, which is called VPF)

• The whole 12% of representatives’ commitment is added towards PF.
• 8.33% out of the all-out 12% of the businesses contribution is redirected to the EPS or benefits conspire, and the equilibrium of 3.67% is invested into PF. Nonetheless, if the total compensation of a worker surpasses Rs. 6,500 every month, the contribution towards pension programs is limited to 8.33% of Rs. 6,500 (for example Rs. 541 every month) or 8.33% of 15,000 ie 1250 pm after Oct 2014. The equilibrium of business commitment goes into EPF. EPFO has now raised the qualification roof for EPS to Rs 15,000 every month.
• The business contribution is absolved from duty, and the representative’s commitment is available yet qualified for derivation under area 80C of the Income charge Act.

What Are The Steps To Withdraw From EPF online?

On May 1, 2017, EPFO declared that all EPF Member’s who have initiated their UAN and added their KYC (Aadhaar) with EPFO would want to put in an application for PF Final Settlement (Form19), Pension Withdrawal Advantage (Form10-C) and PF Part Withdrawal (Form31) from the UAN Interface straightforwardly. If you meet these prerequisites, you can draw them out through online mode.

Step 1: Go to the UAN entrance via looking through https://unifiedportal-mem.epfindia.gov.in/memberinterface/.

Step 2: Sign in with your UAN and passcode and enter the captcha.

Step 3: Then, click on the tab ‘Oversee’ and select KYC to check whether your KYC information, for example, Aadhaar, PAN and the bank information, are correct and confirmed or not.

Step 4: After the KYC information is confirmed, go to the tab ‘Online Services’ and select the alternative ‘Guarantee (Form-31, 19 and 10C)’ starting from the drop menu.

Step 5: The ‘Guarantee’ screen will show the part information, KYC information and other service information. Enter the ending four digits of your bank account and tap on ‘Check’.

Step 6: Tap on ‘Yes’ to sign the declaration of the endeavor and afterward continue.

Step 7: Now, click on ‘Continue for Online case’.

Step 8: In the claim form, choose the claim you need, for example, full EPF settlement, EPF part withdrawal (advance/advance), or annuity withdrawal, under the tab ‘I Want To Apply For’. Provided that the member isn’t qualified for any of the services like PF withdrawal or annuity withdrawal, because of the service criteria, at that point, that choice won’t appear in the drop-down menu.

Step 9: Then, choose ‘PF Advance (Form 31)’ to draw out your fund. Further, give the cause behind such advance, the total amount required and the worker’s location.

Step 10: Click on the certificate and present your application. You might be approached to submit filtered documents for the reason you have filled the form. The firm should favour the withdrawal request, and only then you will get money in your bank account. It usually requires 15-20 days to get the cash credited to the bank account.

What are the Steps for Withdrawing EPF offline?

• To draw out the PF balance, an individual should fill the form 19. It is accessible in the provincial office or from the EPF site.
• At that point, fill the predefined fields with the essential data in the application.
• What’s more, confirm the signature of any gazette official or postmaster or notary official public or magistrate official.
• Alongside the application, one should authenticate the letter for a reason to draw out the PF balance.
• Afterward, present the withdrawal application to the regional office in the workplace.
• When you apply, you’ll get the amount within three months from the submission of the application.
• You will get everything deducted from your account month to month with a high interest of concerning 8.75% each year.

How To Withdraw If Someone Doesn’t Have UAN?

You need to submit Form 19, directions to fill form 19 from the EPFO site.

• The employer will verify the form and send it to the regional PF office.
• The regional PF office requires around one month to process your application.
• EPFO deposits PF amount straightforwardly to the worker’s bank account.

You can follow and track your application status through http://www.epfindia.com/site_en/KYCS.php.Know you can likewise give an SMS number in the application form and get updates.

What is Form 15H or 15G? Why Does Someone Need To Fill It?

Form No. 15G or 15H are self-affirmation forms people can outfit to express that their pay is below the taxable limit, and thus, no TDS ought to be subtracted.

• Provident fund withdrawal is prior to five years of the fulfillment of service pulls in tax deducted at source (TDS) at 10% from Jun 1, 2015.
• TDS will be deducted at 34% provided that one doesn’t submit PAN.
• Exclusion from TDS has been given to subscribers with no taxable income if they submit a 15G/15H form. To stay away from the levy of TDS, 15H (for senior residents), or Form No. 15G (other than senior residents) can be submitted, given the provident fund amount payable is up to the fundamental exclusion limit, which for AY 2016-17 is 2,50,000 and Rs 3,00,000 for senior residents separately.

What Are The Steps To Apply for Home Loan Based on EPF Accumulation?

You can follow the method offered beneath to apply for a home loan depends on your EPF account balance:

Step 1: Put in an application for a home loan through the housing society to the EPF Commissioner in the organization indicated in Annexure 1.

Step 2: The Commissioner will give a testament that expresses the month-to-month contribution to your EPF account in the track of the most recent three months. Then again, you can take a printed duplicate of your EPF passbook to show the most recent three months commitment.

Step 3: You can choose a single amount payout or installments.

Step 4: EPFO makes the payment to the housing society straightforwardly.

Can My Employer Reject Withdrawing My EPF Application?

An employer can’t deny signing your EPF withdrawal form, and he ought not, because PF is your money and nobody has any privilege on it. If he doesn’t coordinate, you can present the application to the Regional EPFO office. You need to validate your application form by any of these specialists: Manager of a bank or any gazetted official or Member of the Central Board of Trustees./council/Regional Committee (Employees’ Provident Fund Organization) or Magistrate/Post/Sub Post Master/President of Village Panchayat/Notary Public. Note that you need to take a sign and stamp on each page of the application. Attach service evidence like duplicates of payslip, ID card, Form 16 or appointment letter from business to prove. Additionally, attach a copy of your identity verification just as Address evidence.

Since this is a sidestep course, EPFO doesn’t encourage this procedure. Likewise, there is more possibility of fraud also. Consequently, It requests a letter that should express the explanation of direct application for EPF withdrawal.

How Does Someone Know About The Status Of Their Withdrawal Application?

A request must be raised through The Employees’ Provident Fund Organization (EPFO) to draw out your PF account. The EPFO is a legal body under the Ministry of Labor and Employment. After setting a request for PF withdrawal, you may not have an idea about the situation with your request.

The EPFO has dispatched an online interaction to see the situation with your demand to address this issue. Here is the technique to check the status of your EPF withdrawal guarantee.

Step 1: Go to the EPFO entrance. Tap on ‘Our Services’ trailed by the ‘For Employees’ option.

Step 2: Click on ‘Know Your Claim Status.

Step 3: Enter your UAN and enter the captcha image.

Step 4: Enter the accompanying information.

• Enter the condition of your PF office
• Select your PF Office starting from the drop menu
• Enter your foundation code
• Enter your Provident Fund account number

Step 5: Click on the ‘Submit’ button to check the situation with your PF guarantee.

How Long Does It Take for EPF Withdrawal?

EPFO usually handles EPF withdrawal within twenty days. However, EPFO is planning to bring it down to few hours.

Other Possibilities to EPF Withdrawal – Transfer of EPF

How to Transfer EPF?

In a perfect world, you should start the way toward transferring your EPF balance when you join your new association and are allotted another PF account number. At present, all the online EPF Transfer claims are through http://epfindia.com/Employee_OTCP.html.

If you need cash, you can somewhat pull out from your EPF account while in service.

You can draw out from your EPF account upon crisis subject to a few conditions and situations generally in the wake of serving, in any event, five years of contribution. Before it was, one of the famous techniques appeared in Hindi movies like Ferrari Ki Sawwari.

• Education or marriage: Withdrawal considers the reason behind the self, a siblings or children’s marriage or for self/kids’ schooling. You need to finish in any event seven years of service to be qualified for this. Significant confirmations are needed. You need to present Form 31 to your boss. Withdrawal sum is up to 50 percent of the corpus gathered to Date.
• Medical therapy: Withdrawal is taken into consideration medical treatment of self, spouse, kids, or guardians. For this, no limitations are forced on long periods of service. You can pull out up to your month-to-month compensation multiple times or the complete corpus collected to Date, whichever is lesser. Necessary confirmations are to be submitted alongside Form 31. No limitation is there on the number of withdrawals.
• Acquisition of plot: The plot should be enrolled in your name, mate’s name or together. You can pull out up to multiple times month-to-month payment. Notwithstanding, withdrawal here is permitted just a single time.
• Development/acquisition of level or house: You need to have finished five years of service in any event. Withdrawal is permitted up to multiple times your month-to-month payments.
• Reimbursement of home loan: You need to have at least ten years of work.
• Redesign of the house: You need to have finished at least five years of service. You can pull out up to multiple times month-to-month payments.
• Pre-retirement: Minimum age is 54 years. You can pull out just a single time and up to 90 percent of the corpus amassed.

EPF and Tax Withdrawal

Is there any TDS on EPF withdrawal?

TDS is relevant when:

• Before five years of service fulfillment, Provident fund withdrawal will draw in tax deducted at source (TDS) at 10% from Jun 1, 2015.
• TDS will be deducted at 34% if one doesn’t submit PAN.
• Exclusion from TDS has been given to supporters with no taxable pay if they submit a 15G/15H form. To keep away from the duty of TDS, 15H (for senior residents) or Form No. 15G (other than senior residents) can be submitted, given the provident fund sum payable is up to the fundamental exclusion limit, which for AY 2016-17 is 2,50,000 and Rs 3,00,000 for senior residents individually. Form No. 15G or 15H are self-revelation forms that people can furnish to express that their pay is underneath the taxable limit.

TDS isn’t relevant:

• If the withdrawal is subsequent to five years or a more significant amount of service, no TDS would be relevant.
• TDS will not be deducted in the event of the move of provident fund starting with one account then onto the next.
• TDS won’t be relevant if there should arise an occurrence of an end of service because of ill health of the employee, contraction/discontinuation of business by manager or other reason outside the ability to control of the member,
• For figuring the time of ceaseless help, a past business can likewise be incorporated if the amassed balance while at one-time boss is moved to the provident fund of the new boss.
• Suppose the service period is under five years. If the amassed provident fund balance is not as much as Rs 50,000, TDS would not be relevant.

TDS or No TDS sum EPF withdrawal before five years is taxable.

What are Taxes on EPF withdrawal Before Service of 5 years?

On the off chance that TDS is deducted and income is less than the fundamental exclusion limit, then one can guarantee TDS while filing the ITR form and request reimbursement.

Example of Tax on EPF Withdrawal Before Five Years

Let’s assume that Rohit joined an organization in Dec 2013 and resigned on Jun 30, 2015. His employee and worker contribution as per the UAN passbook is given underneath.

• For AY 2014-15 (FY 2013-14) Worker’s Share 17,920 Employer Share in EPF 15,756
• Interest procured on Worker’s Share 147 Company’s Share 123
• For AY 2015-16 (FY 2014-15), Workers Share 72,576 Employer Share in EPF 61,830
• Interest acquired on Worker’s Share 4,413 Company’s Share 3,884
• For AY 2016-17 (FY 2015-16) Worker’s Share 18,816 Employer Share in EPF 15,066
• So he needs to add Worker’s Share in EPF 15,756 for AY 2014-15, AY 2015-16 and also AY 2016-17 109,312(17,920 + 72,576 +18,816 ) . Interest on worker’s offer 123+3884. He can lessen tax outgo on the employer offer and interest utilizing section 89.
• Interest gathered on representative’s commitment will be burdened as Income from Other sources: 147 + 4,413
• Assuming he has asserted 17,920 as the allowance under 80C, he needs to switch that. By utilizing the 17920 as 80C taxable pay would have decreased his tax consequently. So the tax he saved will presently appear. This inversion must be taken inconsistently. For instance, his pay in AY 2015-16 was 8.25 lakh, and he had guaranteed 80C derivation of 1 lakh, which included 72,576. Except if it has created different speculations where he can secure 72,576, he would not need to ascertain the tax without the deduction.
• So on 8.5 lakh because of 1 lakh tax derivation, his tax obligation was Rs 77,250. Presently without 72,576 his 80C derivation is diminished to 27,424(1,00,000 – 72,576) so his tax accountability became 89,515 that is increment of 16,939. He needs to pay tax on this income.

What is Relief Present Under Section 89?

When income or other pay arrears are collected in a specific year, one’s a tax liability for that year increments, just because one’s total revenue for that year has expanded. Yet, paying a higher tax by arrears is unreasonable to the citizen.

Our Income charge law has contemplated something very similar and permits an expense allowance under Section 89(1) for this extra taxation rate on the citizen. It includes learning the two tax measures; the first is the measure of tax relevant to the total income, remembering the additional amount for the time of receipt.

The second is computing the tax calculation by adding the arrears to the all-out pay of the years to which they relate. The distinction between the two amounts is the derivation permitted.

Say you acquire Rs.10 lakh a year in the financial year (FY) 2014 and get a balance of Rs.4 lakh for FY13. Your all-out compensation in FY13 was Rs.8 lakh.

For FY14, without the arrears, your expense obligation will be Rs 1.34 lakh, and with arrears (absolute salary of Rs.14 lakh), it will become Rs.2.57 lakh. This is a distinction of Rs.1.23 lakh.

Presently, we need to ascertain the tax occurrence for FY13 on your income of Rs. 8 lakh. Without the balance, you paid a tax of Rs.92,700, and with the arrears (total compensation of Rs.12 lakh), you would have paid Rs.1.95 lakh as the tax. This is a distinction of Rs.1.03 lakh. Along these lines, the relief that you can get under section 89 is Rs. 20,600 (Rs. 1.23 lakhs – Rs. 1.03 lakhs).

You should fill Form10E with this information and submit it to your present boss to guarantee relief. Keep your income slips handy to give as evidence of receipt of the arrears. In any case, do remember that just if the tax paid is higher can you guarantee this relief. Provided that you don’t need to pay overabundance tax because of the arrears, at that point, you don’t get the relief.

Summary About EPF Withdrawal Before Five Years

• A representative ought not to be at work for a very long time after leaving if he needs to pull out his Provident Fund sum.
• Before five years of the fulfillment of service, Provident fund withdrawal will draw in tax deducted at source (TDS) at 10% from Jun 1, 2015.
• TDS will be removed at 34% if one doesn’t submit PAN.
• Exclusion from TDS has been given to subscribers with no available pay if they offer a 15G/15H form.
• No TDS or TDS amount EPF withdrawal before five years is taxable
• If by chance, you pull out your PF balance before the expiry of five years of contribution, at that point, it is taxable in the year in which you withdrew.

FAQ’s on EPF Withdrawal Before Five Years

Question 1.
Can I increment my EPF contributions?

Answer:
Yes, you can increment your EPF contributions and contribute up to 100 percent of your basic salary. That is known as VPF.

Question 2.
Are EPF contributions eligible for tax deductions?

Answer:
Yes, EPF contributions are eligible for tax deductions under Section 80C of the Income Tax Act, 1961.

Question 3.
Can I make premature Withdrawals on my EPF?

Answer:
Yes, you are permitted to make premature withdrawals on meeting specific conditions, and you need to give documentary evidence for this withdrawal.

Question 4.
Do I need the employer’s permission to withdraw my EPF?

Answer:
The new arrangements have meant that the employer’s permission is not required to make the EPF withdrawals.

Question 5.
Will the employer also contribute higher when I do?

Answer:
No, the employer’s contribution will remain the bare minimum whether you opt for VPF or not.

New UAN Unified Portal for Employees: Universal Account Number, or UAN as it is called, is a number that is allotted by the EPFO. What has changed is that the EPFO now has a unified UAN portal that EPF Employers and Establishments, along with Employees, can use from December of 2016. This article will talk about this new portal in detail and how it works. But to put it briefly, employees can use this portal to download the UAN card, withdraw EPF online, transfer EPF online, modify basic details and also update KYC details.

What Can be Done from the UAN Portal/Website?

The new unified portal can be used to do the following:

• Update KYC details
• Withdraw EPF online
• Transfer EPF online
• Modify basic details
• If you want to find the member passbook, it is available on epfindia.gov.in, where you need to go to ‘Our Services,’ then ‘New Employees,’ where you will find the option for ‘Member Passbook.’

New Portal

In this section, we will look at the options and the new features of the portal in detail, starting from logging in. You will have to change your password before doing so, the option for which is right where the login box is.

Post login, the new portal will show a clean interface with options in the menu for ‘Account,’ ‘Manage,’ ‘View,’ ‘Online Services,’ and ‘Home.’ On the right-hand side, there is the member profile, and in the middle, there are options to choose from – ‘Account Settings,’ ‘UAN Card,’ and ‘View Passbook.’

View

The ‘View’ option opens up to ‘Passbook,’ ‘UAN Card,’ ‘Service History,’ and ‘Profile.’ This last option shows information about the person ranging from the UAN number to the name of the father or husband and the date of birth. The option for ‘Service History’ will show just that. The ‘UAN Card’ section shows the UAN and other related details to it, just as the name suggests. You can also download this card from an option that says ‘Download’ on the corner on the right-hand side or by clicking a downwards arrow that is in red.

The front part of this shows the UAN, Member-ID as is in the member database of the EPFO, the name of the person, and also the name of their father or husband. If the KYC details have been uploaded, it will show by either saying ‘Yes’ near the KYC section or ‘No,’ if the details aren’t there. The back portion of this card will show a QR code that can be used to scan.

As mentioned in the previous section, the member passbook is available on epfindia.gov.in, where you need to go to ‘Our Services,’ then ‘New Employees,’ where you will find the option for ‘Member Passbook.’  To access this, however, you will need to enter your UAN along with the password that is used for logging in to the website.

Manage

Let’s move on to the ‘Manage’ option, where the KYC and your contact details can be edited, updated, and managed.

Clicking on ‘Contact Information’ that comes from the ‘Manage’ dropdown will let you change your email ID as well as mobile number and password. To change the first two, you will need to select ‘Get Authorization Pin.’ Next, clicking on ‘KYC,’ which means ‘Know Your Customer,’ will let you update or add information like your bank details, Aadhar number, and PAN Card. Once this is approved by the employer, there is no need for dependency on them (theoretically speaking), and the employees can now have direct withdrawals from the new UAN site.

Adding the KYC details, however, will need you to upload all related information like the documents that are required. At the minimum for this, you at least need to have updated your PAN and Aadhar numbers along with your bank details. You can add other required details of the documents needed, along with the name and number of the document and the IFSC bank code, passport expiry date, etc. Once this is done, select ‘Save,’ and the details will be uploaded. However, if the details don’t match as they should, you will see an error message on your screen.

Account

The ‘Account’ option will allow you to change your password if needed. The requirements of this password as that there should be a minimum of seven characters and a maximum of twenty. There should be at least one special character, at least two digits, and at least four alphabets in the password. And out of the alphabets, at least one needs to be capital, and one has to be a small letter. This ensures that you have a very secure password that you should never share with anyone.

Online Services

This section will look at some additional things that you can do online with the new portal, basically what the ‘Online Services’ option offers.

It is possible to apply for a partial withdrawal of a loan from the EPF website, the complete withdrawal that is possible after quitting the job, or even transfer the EPF account from the option that says ‘Online Services.’

It is important to note that all the RPF members that have seeded their KYC and have activated the UAN with the EPFO can apply for the following directly from the UAN interface.

• PF Part Withdrawal (Form31)
• Pension Withdrawal Benefit (Form 10-C)
• PF Final Settlement (Form 19)

Doing so reduces the withdrawal time of the EPF time to a few days from what is generally about twenty days.

Claiming Full EPF Withdrawal

Here are a few things to keep in mind before going ahead with the withdrawal to make sure you are qualified to do so.

• Verify the bank account number as the money will be transferred there.
• The PAN and Aadhar numbers need to be verified.
• You shouldn’t be working at an establishment that comes under the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952, when you are submitting the claim.
• The Service History needs to be updated with the Date of Exit of EPS as well as EPF by the previous employer.
• Remember that the claim for final settlement cannot be submitted until at least two months have passed since the last date of being employed.

Online Partial EPF Withdrawal

No supporting documents are needed when it comes to a Partial PF withdrawal case. The online application of the member will be noted as their self-declaration for the preference of the advance claim. Those who apply online will need their claim submission authenticated with the OTP that will be sent to the IODAO mobile number, thereby consenting that the UIDAI can share the e-KYC credentials with the EPFO.

Tracking Claim Status

This is possible as you will get frequent updates on the mobile number that is registered. Other ways to do so are:

• Go to epfindia.gov.in, where there is the option for ‘Our Services.’ Select ‘For Employee’ from that drop down to then go to ‘Know Yoru Claim Status.’ You will be able to see the status after you enter the Captcha code and the UAN.
• Another way to do this is to go to the UAN site, select ‘Online Services,’ and then ‘Track Claim Status.’

We hope that this article has been helpful in explaining what has changed with the new Unified Portal as well as what can now be done with it.

Transferring PPF Account: The National Savings Institute of the Ministry of Finance in 1968 introduced a savings and tax savings instrument in India that is called the Public Provident Fund, or the PPF. This article will talk about transferring the PPF account, how this can be done, what it means, and how long it takes. All related issues will be addressed further in the article.

Why Transfer the PPF Account?

There are several reasons why one would need to transfer the PPF account. Here are a few:

• One reason is when there is a change of cities. When our parents or we open a PPF account in one place and then have to shift cities because of a marriage or job opportunities, we would need to either open an entirely new account or update the address that is given in the financial accounts like the Demat account, credit cards, and bank accounts.
• When investment is begun, it is usually done based on the suggestions and advice given by our friends and relatives. And we often do not consider future technological advances, such as how ten years ago or so, net banking wasn’t common, and so it didn’t matter if the PPF account was opened in the bank or the post office. And so, many opened their PPF accounts in the post office. But since banks today offer the convenience of not only viewing the PPF balance but also helps in transferring funds from savings accounts that are linked, and all this done online through net banking, it makes sense to shift from the post office to a bank. This way, the banks enable the online transfer of money to the PPF accounts through net banking, which is a far easier experience.

Process of Transfer of PPF from a Bank or Post Office

The Public Provident Fund of the Government allows subscribers to transfer the PPF account from one post office to another and from one authorized bank to another. There is no difference in the procedure of transferring the account if it is in the post office of the bank. But it is important to note that while transferring, one has to close the existing account and open a new PPF account. The new one will be considered the continuing account, and there is no interest that will be lost.

The process of the transfer is as is given:

• The PPF passbook needs to be updated, and that all the interest accrued till then has all been credited duly.
• Approach the post office or the bank where the PPF account is and make an application for the transfer of the PPF account to the particular bank branch you are looking to transfer. If you’re going to the post office, as that is where the account is, you need to use the SB 10 (b) form instead of the application form that is needed at the bank.  Here, the application will need all the details of the account, the transfer location sought, and the names and addresses of the bank branch or the post office where the account is currently.
• After processing the application, the existing post office or bank will send the original documents as the certified copy of the PPF account, along with the specimen signature, nomination form, account opening application, etc. to the address of the bank branch as is given by the customer with the DD or the cheque for any outstanding balance that is in the account.
• After the transfer of documents is done and the bank branch specified has received it, the individual will need to submit
• A fresh set of documents for the KYC as they are for the document and they need to be submitted even in the person already as an account in the bank.
• The original passbook as the new one will be issued with all the past credit that will be seen as balance transfer.
• A new form for opening the PPF account.
• Nomination is important if it hasn’t been done before or the nomination needs to be changed.

Once the transfer is done, it is important to note that the PPF account will not be considered as a new account but as a continuing account. However, a new passbook and a new account number will be issued, with the former showing the balance transfer that would be the past credit. Before submitting the old PPF passbook, it is recommended that you take a copy of it as this can be needed later on to do things like keep track of earlier transactions, claim an income tax deduction, etc.

The entire process may take about two to three weeks which means that it is recommended that you check the status yourself by visiting the bank branch or the post office where the transfer was applied for. The photocopies of the forms and documents needed to be submitted should also be carried.

Is Interest Lost on Transfer?

As already mentioned, the answer is no; no interest is lost on the transfer of the PPF account. The PPF interest, while it may be credit annually, is calculated on a monthly basis. Annually means that once during the financial year. This means that if you have a PPF account in the financial year 2017-2018, that is, 1st April 2017 to 31st March 2014, the interest that is accumulated till the 31st of March in 2018 will be credited to the account by the second week of April 2019. Interest is always added at the closing of the financial year and not in the middle of the financial year.

What is to be done if the Interest is not Credited During Transfer?

The first step of action that needs to be taken in such a scenario is to complain to the bank in writing. Keep a record of all the letters and emails that are sent, and if that doesn’t work:

• File an RTI – Right to Information
• The Banking Ombudsman is to be written to.

Right to Information (RTI)

The purview of the RIT extends to all the institutions of the government. Any citizen can request a public authority, that is, a body of Government or instrumentality of State, for information, under the provisions of this Act. They are required to reply within the time frame of thirty days. The Act would also need every public authority to keep computer records to have wide dissemination and also for specific categories of information so that the citizens have a minimum recourse when it comes to requesting formally for information. This law was passed in 2005, on the 15th of June, and was brought to full force on the 13th of October in the same year. The process for filing is as simple as filing the application on paper and sending a fee of ₹10, which is to be done by money order.

Banking Ombudsman

The Reserve Bank of India is the one who appoints the Banking. This is a senior official that redresses any complaints from customers about deficiencies in banking services; the country has 15 of these offices. The complaints can be made against the deficiencies in the banking services, and this includes internet baking, ATM, and credit cards. This scheme also covers scheduled primary co-operative banks, regional rural banks, and all scheduled commercial banks. Individuals can file complaints to the Banking Ombudsman if the bank doesn’t reply within one month after receiving the representation, or if the complainant isn’t satisfied with the reply, or the complaint is rejected.

Understanding Variable Pay: The concept of variable pay or variable salary was introduced in India not very long ago. But today, most corporates have adapted to the concept of variable pay and employees working in an organisation are well aware of this concept. People working on the managerial levels in different companies find a part of their salary as variable pay.

Variable pay is that part of the salary offered to an employee based on his/her performance. Therefore, It is also called performance pay. Variable pay is a standard method adopted by corporates to recognise and reward employee’s contributions above and beyond their typical job requirements. Here, in this article, we will understand the concept of variable pay, the breakup of salary and variable pay benefits.

Breakup of Salary

Under a variable pay system, an employee’s salary is broken down into various parts depending on their field of operation. Given below is a standard break down of the salary of an employee:

• Basic Pay: Basic payor base salary forms the base of the income of an employee. A basic salary is a fixed amount of the compensation package that an employee is offered. Basic salary does not include any gratuities or incentives. The basic pay of an employee strictly depends on his/her work field and designation.
• Long Term Benefits: The long-term benefits include a contribution to long-term policies for the benefits of the employees. It includes a retirement fund, provident fund and gratuity. A part of pay is deducted and deposited into various schemes by both employer and employee to benefit the employee at a later stage in life.
• Fringe Benefits or Perquisites: Fringe benefits or perquisites refer to those benefits which an employee enjoys, such as medical coverage, paid leaves, insurance, rent allowances and travelling charges. These benefits come under cashless pay and are primarily offered to employees in the form of allowances.
• ESOPs: ESOPs stands for Employee Stock Ownership Plans. It is a kind of benefit given to the employees. Here an employee is offered stocks of the company.
• Variable Pay: At the end of the salary breakdown comes the variable pay. It depends primarily on two factors: the employee’s performance and the company’s performance. Mainly variable pay comprises 20-30% of the total salary.

What is Variable Pay?

Before moving on to the benefits of variable pay, we need to understand the variable pay correctly and what it includes. Variable pay is a part of the compensation that is paid to the employees based on their performance. Most companies adopt the concept of variable pay to reward employees who are hard-working and perform well in their specialised sectors. Variable salary is like an umbrella, under which we can find different types of compensations, including bonuses, commissions, incentives, and other types of cash benefits. Depending on their performance and the sectors in which they are employed, employees are offered different kinds of variable payment methods.

Variable pay mainly depends on the employee’s performance and the company’s performance in which an employee is working. There was a time when variable pay was only limited to marketing and sales sectors, but today it is almost in every sector of the corporate world. Under the variable pay scheme, an employee gets rewarded as per his designation and work. When you climb up in the hierarchy, your basic pay also increases.

Payment Calculation And Features of Variable Pay

The big question is how variable pay is calculated and paid to employees. Most companies consider distributing the performance of their employees as per certain ratings. Based on the performance rating, an employee is entitled to a certain percentage of variable pay. For example, it can be said that an employee with the highest rating can be entitled to 80% of variable pay. In contrast, an employee with an average rating will be entitled to somewhere between 40-50% of variable pay. Given below is an example of a table of rating of performance and percentage of variable pay offered to an employee:

Performance Rating	Percentage of Variable Pay
5	80% variable pay
4	70% variable pay
3	60% variable pay
2	50% variable pay
1	30% variable pay

Variable pay is the most adopted payment method by corporates to reward the good performers and punish the inefficient ones. As discussed earlier, variable pay increases as per the designation of the employees. In most corporates, it is observed that, at the junior level, variable pay is 10-15%. Whereas in middle level it ranges between 15-30% and variable pay is approximately 30-50% in the senior level.

Key Features of Variable Pay

• Variable pay is fixed and shown as a part of the Company’s CTC.
• Variable pay is taxable as per an individual’s tax slab.
• Variable pay is entitled based on the performance of an employee
• The most important feature of variable pay is that if an employee leaves the company before completion of a financial year, he/she has to forgo the amount of variable pay.

Benefits of Variable Pay To The Company

In the past few years, variable pay has gained a lot of popularity among Indian Companies. Today it has become one of the most adopted methods for compensation. So here are some of the benefits of variable pay to the companies:

• It helps the companies cut down their fixed cost and increase variable costs, which benefits the company on a long-term basis.
• Most companies adopt the variable pay method to bring about a performance-driven culture. It helps and motivates the employees to perform efficiently.
• Companies also use to it retain efficient and talented employees.

As we have discussed earlier that variable pay depends on the company’s performance as well. So we can say that if a company does not achieve its financial targets in a year, it may not disburse variable pay or give a significantly lower percentage of variable pay.

Variable Pay Concerning Indian Companies

Variable pay started to gain popularity in India in the last decade only. With the migrating Multinational Companies, it came to India and became one of the most popular compensation methods.

According to the Compensation Trends Survey, conducted in 2012, The Deloitte Human Capital Advisory Services reported that the variable pay spread ranges between 10% to 30%, specifically in the middle and senior management levels. The variable pay gained a lot of popularity in sectors including financial services, Fast Moving Consumer Goods, Fast Moving Consumer Durables and Healthcare. The following are the key points that were revealed in the survey of compensation trends:

• The average percentage of variable pay across every industry is 16%.
• The variable pay in most industries has remained the same or has decreased as compared to previous years.
• Sectors such as Information technology, Energy and resources, Infrastructure and real estate, and marketing and advertisement were paying the same percentage of variable pay.
• Variable pay in the middle level in 2012 is the same as it was in 2011.
• Percentage of Variable pay is lower at middle and junior levels as compared to senior level.

In The End…

Variable pay has definitely emerged as one of the important compensation methods in the last few years. It is adopted by most corporates to increase efficiency in the employees and to recognise and reward those with excellent performance. In the future years also more and more companies will adopt the method of variable pay.

EPF Calculator Method II: The Employee Provident Fund is a Social service scheme initiated by the Government of India to support individuals by generating future savings while they are earning. Employees make monthly contributions towards their PF account that accumulate into tax-free savings at the time of their retirement. EPFO is the world’s largest Social Security organisation in terms of the volume of transactions and number of clients. It is constituted by the Government of India under the Employee’s Provident Fund and Miscellaneous Act, 1952.

The EPFO operates the following schemes:

1. The Employee’s Provident Funds Scheme 1952 (EPF)
2. The Employee’s  Pension Scheme (EPS)
3. The Employee’s Deposit Linked Insurance Scheme 1976 (EDLI)

The employees who fall under the scheme have to make a contribution of 12% of their total salary( basic pay+dearness allowance) and receive a fixed rate of interest as set by the EPFO Central Board of Trustees. For the year 2020-21, the rate of interest is fixed at 8.5%. The amount of interest received and the total accumulated amount is tax-free. The EPF is a mandatory saving scheme for almost all individuals working in the Government, public or Private sectors.

An employee with Basic pay and dearness allowance of 7500 has a salary of 20,000 works in an organization for 35 years. Every year he receives an increment of 5%. He makes a 12% contribution of his salary towards the PF account and this amount is matched by his organisation. Over the course of his service, he contributes a total of Rs. 9,75,459.32 and his company makes a contribution of Rs. 7,48,239.32. His total contribution towards his PF account comes out at 17,23, 698.64 which grows into 65,86,528.751. The process of calculation of the EPF amount is discussed below.

What is an EPF Calculator?

An EPF calculator is a simulation, which shows you the total amount of money that will accumulate in your EPF account at the time of your retirement. It allows you to calculate the lump-sum amount including your contribution and the contribution made by your employer along with the accrued interest amount.

The EPF calculator is an effective method of calculating the EPF amount that will help you in planning your financial position. There are various calculators available online that require you to fill in the necessary details such as your current age, basic pay, dearness allowance, your contribution to the EPF and your retirement age. Upon entering the requisite details, the EPF calculator will show you the EPF funds available at the time of your retirement. The rates of the contribution of the various EPFO schemes are as follows:

EPFO scheme	Employee Contribution	Employer Contribution
Employee Provident Fund	12%	3.67%
Employee’s  Pension Scheme	0	8.33%
Employee’s Deposit Linked Insurance Scheme	0	0.5%( capped at a maximum of Rs.15,000)
EPF Administrative Charges	0	0.85%
PF Admin Account	0	1.1%
EDLIS Administrative Charges	0	0.1%

How does it Work?

Let’s look at the working of the EPF calculator using an example:

An employee with a salary(basic pay+dearness allowance) of 14,000.

Employee’ salary= Rs 14,000

Employees contribution=12%*14,000= Rs 1,680

Employers contribution=3.67%*14,000= Rs 514

Total Contribution= 1680+514=Rs 2,194

Let the interest rate be at 8.5%.

Monthly interest rate=8.5%/12=0.70833%

The interest received on the monthly EPF contribution of the employee= 2,194 * 0.70833%=15.04

Similarly, the EPF contribution and interest is calculated for the subsequent months.

How to Check your EPF Balance?

To check your EPF balance you need to visit the government EPF portal online.

• Select the location of your EPF office.
• Fill in your details and the EPFO account number.
• Submit the form after verifying your details
• Your EPF balance will be sent to your mobile number if all your records are in place.

In the event of a job change, your EPF amount will be transferred with the help of your UAN which remains the same. You can transfer your EPF money by following these simple steps:

• Visit the EPF member portal and complete your registration.
• Login using the Login Credentials.
• Visit the Online transfer claim and request for the EPF transfer using the same login credentials.
• Click on “Request for transfer of funds” and enter your employment details.
• After getting it authenticated by your employer you will receive a PIN on your registered mobile number.
• Use the tracking ID generated to track your application.

Benefits of Using EPF

EPF is a mandatory social service scheme for individuals who are not excluded, members. The benefits of  EPF are as follows:

• EPF acts as a financial support system after your retirement by supporting you with a fixed income.
• You receive a fixed interest on your contribution and the total amount calculated can be withdrawn any time by the employee without worrying about the tax deductions as it is tax-free.
• You can nominate a family member to avail your pension in the event of your demise.

The EPF scheme also covers international workers.

International workers are:

1. An Indian employee currently working or having worked in another country with whom India has signed a Social security Agreement concerning the social security benefits.
2. Any foreign employee working in India with an establishment that is under the scope of the Employee’s Provident Funds & Miscellaneous Provisions Act, 1952.

Currently, India has signed a social security agreement with Belgium, Germany, Finland,  Sweden, Czech Republic, Switzerland, Grand Duchy of Luxembourg, France, Denmark, Republic of Korea, Norway, Austria, Netherlands, Hungary, Canada, Australia, Portugal, Quebec and Japan to avoid double coverage and provide equality of treatment.

Conclusion on EPF Calculator Method II

Employees making a contribution under the EPF scheme enjoy a variety of benefits such as fixed income upon retirement. They can also withdraw the amount in case of emergency. EPF is a social service scheme implemented by the Government of India and the statuary body for the various EPF schemes is Employees Provident Fund Organisation or the EPFO. Visit the website for EPFO to get more details about the various EPF schemes.

EPFO New Revised Form 11 Personal Details: EPF or Employee’s Provident Fund is a social security scheme implemented by the Government of India to generate future savings to help people while earning. In terms of volume of transaction and the number of clientele, the EPFO is the World’s largest Social Security organisation. It is a statuary body constituted by the Government of India under the Employee’s Provident Fund and Miscellaneous Provisions Act, 1952.

The EPFO Unified portal has separate categories for employees and employers that help to digitalise and simplify the operations. The EPFO operates the following three schemes:

1. The Employee’s Provident Funds Scheme 1952 (EPF)
2. The Employee’s  Pension Scheme (EPS)
3. The Employee’s Deposit Linked Insurance Scheme 1976 (EDLI)

The EPF scheme is aimed at promoting the savings to be utilised post-retirement by various employees. The Employee’s Provident Fund is a regular collection of funds made on a monthly basis by the employee and the employer. Both contribute 12% of each of the employee’s salaries (basic pay + dearness allowance) to the EPF. A fixed level of interest rate is applicable on these contributions as per set by the EPFO. The amount of interest received and the total accumulated amount is tax-free and the employee can withdraw the entire fund without worrying about paying any kind of tax on it.

What is EPF Form 11?

The EPF Form 11 is a self-declaration form that needs to be filled by the employee at the time of joining an organization covered under the Employees Provident Fund. All the previous EPF account details have to be mentioned in the form. Also, the modified form 11 automatically transfers the amount from the previous EPF account to the new EPF account.

All the new employees who are already EPF members and have a total salary (basic salary + dearness allowance) of more than 15,000 are eligible for the scheme.

The EPF form serves the following purposes:

• The new member will continue to receive the benefits of the scheme under a new member ID if he was a member of the Employee’s Provident Fund  Scheme earlier.
• The form is also used to transfer the previous PF amount from the previous account to a new one.
• If a new employee who was not employed before or was not a member of the EPFO during his previous employment has a salary of more than 15,000, he can opt-out of EPFO. Such an employee is considered an excluded employee. Also, members receiving PF pension or who have withdrawn their PF at an earlier date are considered excluded members as well.

Details Mentioned on EPF Form 11 Online

Employee Provident Fund Form 11 is available on the EPFO website. When filling the form, you will be asked to submit the following details:

• Name of the Employee
• Date of Birth
• Father/Husband’s Name
• Gender
• Mobile number
• Email ID
• Relationship of the employee with EPF schemes
• Previous employment details such as UAN, scheme certificate number and last working day
• Educational qualifications
• Marital Status
• KYC details
• Bank Account details
• Driver’s License
• Passport ( in case of foreign employees)

The following information is required to be submitted by the employer-

• Employee’s date of joining
• Provident Fund ID number
• UAN of the employee
• Verification of employee personal details

The employee has to sign the undertaking by carefully reading the declaration. Also, the date and place of signing the undertaking are to be mentioned. Also, self-attested copies of the following documents are to be attached along with the form

• Bank Account and IFSC details
• Aadhaar details
• PAN card details

Responsibility of the Employer

The employer also has various responsibilities that he is required to fulfill as the employer of the establishment. These are:

• The employer has to get the declaration form filled by the new employees within, one month and upload the information on the UAN portal within a period of 25 days.
• The UAN details as generated by the EPFO are to share with the existing members of the fund within 15 days from the receipt of the UAN and get it acknowledged by the employee.
• The employer has the responsibility of UAN activation of the employees within 15 days of dissemination of such information.
• The employer has to seed the KYC details such as Bank Account details, Aadhaar details and PAN details of the employees within 30 days from the receipt of the UAN. In case, the employee does not possess the Aadhaar card, the Aadhaar acknowledgment slip can be submitted.
• The Aadhaar details are to be uploaded on the UAN portal within 15 days of receiving the Aadhaar information.
• It is the duty of the employer to complete all the claim forms being sent to the EPFO and link all the relevant KYC information to the UAN.

Declaration by Present Employer

The new organization the employee has joined is required to fill in the necessary information as mentioned below
and sign and seal the same. It is also  required to fill in the declaration form containing the following information:

• Date of Joining of the employee
• PF ID number/Member ID assigned to the employee
• UAN of the employee
• Verification of the employee’s personal details

International Workers

Previously International workers were excluded from the scope of the scheme but now every qualified international worker is required to become a member and make the required contributions under the EPF scheme. The term “international workers” includes:

1. An Indian employee currently working or having worked in another country with whom India has signed a Social security Agreement concerning the social security benefits.
2. Any foreign employee working in India with an establishment that is under the scope of the Employee’s Provident Funds & Miscellaneous Provisions Act, 1952.

Key Points To be Notes While Submitting Form 11

The International workers are required to submit Form 11 at the time of joining. The following are key points to be kept in mind.

• Currently, India has signed a Social security Agreement with Belgium, Germany, Finland,  Sweden, Czech Republic, Switzerland, Grand Duchy of Luxembourg, France, Denmark, Republic of Korea, Norway, Austria, Netherlands, Hungary, Canada, Australia, Portugal, Quebec and Japan to provide for equality of treatment and avoidance of double coverage. A Social Security agreement is a bilateral instrument that safeguards the social security interests of workers posted in another country.
• An International worker who is contributing towards a social security scheme of the home country and is certified through the issuance of a Detachment certificate for a specified period with respect to the social security agreement signed with India and another country is known as an “excluded employee”.
• Every international worker has to submit form 11 as soon as he joins the establishment as there is no guideline regarding the minimum duration of stay in India required to activate the PF compliance.
• Even if the salary is paid outside of India, the provisions of the PF will still be applicable.
• The PF will be calculated based on the total salary earned by the individual in case of a split payroll.
• An Indian employee working in a foreign country attains the status and benefits of an “International worker” only if the country has signed a Social security agreement with the other country.

Conclusion on EPFO New Revised Form11 Personal Details

EPF is a social security scheme that safeguards the social security interests of its members. All the non-excluded employees are required to fill in Form 11 upon joining a new organization. It is also the responsibility of the employer to activate the UAN details.