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| EMPLOYERS
>> Employer Details |
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| " Employer
" means any person who
employs or on whose behalf any other person
employs any workman and includes a body of
employers (whether such body is a firm,
company, corporation, local authority or
trade union), and any person who on behalf
of any other person employs any workman, and
includes a competent authority of a business
undertaking vested in the Government under
any written law, the legal heir, successor
in law, executor or administrator and
liquidator of a company; and in the case of
an unincorporated body, the president or the
secretary of such body, and in the case of a
partnership, the managing partner or
manager. |
| " Employee
" means any person who has
entered into or works under a contract with
an employer in any capacity, whether the
contract is expressed or implied, or oral or
in writing, and whether it is contract or
service or of apprenticeship or a contract
personally to execute any work of labour,
and includes any person ordinarily employed
under any such contract, whether such person
is, or is not in employment at any
particular time; employed under any such
contract, whether such person is, or is not
in employment at any particular time. |
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| Eligibility
& Payment of Contribution |
| Irrespective of the nature
and the category of your business, an
employer of even one employee legally bound
to pay contributions to the Fund except the
Govt. Dept. who has pensionable employees,
Public Corporations, Authorities, Boards,
Local Authorities etc. and the private
sector organizations, Institutions are
liable to pay contributions to the Fund.
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| Organizations,
Institutions & persons except from the payment
of contributions |
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Domestic
servants in any household |
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Social
Service Institutions which provide training to
orphans etc. |
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Charitable
Organizations which less than 10 employees if
the number of employees over 10 such
institutions are liable to pay |
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Institutions carried out by family matters
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Institutions giving
industrial training to orphans, deaf etc.
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Employers Covered by the ETF
Act |
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All employers
in public sector institutions whose employees
are not eligible to the Govt. Pension Scheme.
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All employers in the
private sector irrespective of the no. of
employees employed. |
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All employers in public
and private sector who are maintaining
approved Provident Fund accounts for their
employees. |
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| Exceptions
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The Act does not applicable
for Govt. & Local Govt. employees other
than the employees do not eligible for Govt.
pension. |
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Establishments where the Directors and
Partners are the only members of the business.
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| Calculation of the
Contribtutions |
| Every
employer has the responsibility of paying
the contribution for each & every
employee. No employee can deduct the
contribution from the employees
earnings/salary. |
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Total Earnings per
Employee |
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The Total earnings
should include the following |
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Salary, wages or Fees |
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Cost of Living allowance,
Special Living allowance and other similar
allowances |
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The cash value of cooked or
uncooked food supplied by the Employer to the
Employee determination of such values will
eventually be made by the Commissioner of
Labour |
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Food allowance |
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Any other kinds of
remuneration that may be specified |
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Payments in the form of
discounts (commissions), piece rate payments
and contract b |
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| Employer's
Contribution - |
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3% of the total
monthly earnings (not to be deducted
from the employee's monthly salary /
wages)
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