PF – Implementation of The Digital Joint Request Under Para 26 (6) Of The EPF Scheme
Contents News/Article Date: 30th January 2024
Relating to which Act: The Employees Provident Funds & Miscellaneous Provisions Act, 1952;
Penalty under the Act: Whoever, for the purpose of avoiding any payment to be made by himself under this Act [the Scheme, the [Pension] Scheme] or the Insurance Scheme] or of enabling any other person to avoid such payment knowingly makes or causes to be made any false statement or false representation shall be punishable with imprisonment for a term which may extend to one year, or with fine of five thousand rupees, or with both].
Applicable to which State: Whole of India
Type: Ministry of Labour & Employment, EPFO Circular No. WSU/E/108547/4421 issued by ACC (WSU)
Pertains to: Establishments and Employers covered by the Act
Relevance of this news: Karma Global is in the business of HR Services, Payroll, Outsourcing and Regulatory Compliances right from its inception in 2004 and since then, has brought in a lot of efficiencies and technological upgradations with experts on its roll, to ease the hassles of Payroll Processing, Temp Staffing, On-boarding, Employee Life Cycle, Statutory, Regulatory and Payroll compliances by providing customized solutions to all its elite clients.
Now Karma Global is also fully into labour compliances for nearly 18 years and is helping both establishments and workers for fulfilment of obligations as per the laws of the land. It has over 200 staff, both direct and indirect on its rolls and operates on pan India basis. Recently, it has diversified into foreign shores as well, into countries like US, UK, UAE, Canada, Philippines, and Asia for handling payroll, outsourcing, recruitment and governance.
And in the current instance: The Joint Request and Permission under Para 26 (6) of the EPF Scheme, 1952 is a pre-requisite for an employee to contribute on a Pay more than the statutory limit. Accordingly, a format to prefer the Joint Request under Para 26(6) of the EPF Scheme, 1952 has been approved by the CBT in the 234 Meeting held on 31/10/2023.
- With a view to reduce time and paper consumption, the format as enclosed herewith shall be filed and processed in digital mode for all new cases prospectively.
- All such cases where the employees had already contributed on Pay more than the statutory limit and the employer had also paid administrative charges on such contribution made on Pay more than the statutory limit but had left the employment or died till 31/10/2023, it is deemed that such cases had been allowed for contributing on Pay more than the statutory limit so as to avoid hassles for the concerned stakeholders.
iii. All the existing members who are already contributing on Pay more than the statutory limit and their employers are also paying administrative charges on such contributions made on Pay more than the statutory limit will not be required to file their Joint Requests in the above format immediately.
Subject: PF – Implementation of the digital joint request under para 26 (6) of the EPF Scheme
Attached is the notification
PF-Implementation-of-The-Digital-Joint-Request-Under-Para-26-(6)-Of-The-EPF-Scheme-Karma-Global
