Friday, July 26, 2019

How to correct your Personal Data for PF Claim Easy Tips...!!



How to correct your Personal Data for PF Claim



Many of you have heard about this Joint declaration Form and many of you may not , Through this we are going to understand that how we can correct our personal detail for PF claim. Without correct Data your claim cannot be occurs it will reject your request for claim.
There are only to method for such correction
1.   Through Online PF Portal
2.   Through Offline buy using Joint Declaration Form.

·         Online correction
If you want to claim for your PF amount your Aadhar card should be link to it, Whatever the personal detail on Aadhar card same input should match on PF portal, if the name and DOB (Date OF Birth) do not match with Aadhar card you cannot claim for PF until you correct it, IF you have mismatch data of name and DOB you can make correction as you change your name and DOB on PF portal and can to Aadhar card. You have limit for making correction through online, you can just correct your name and DOB through online.
·         Joint Declaration Form.

What is joint Declaration Form?
Joint Declaration Form is a combined form signed by both employee and employer and it is used for correction in the PF member portal.

Why joint Declaration Form?
Because Joint Declaration Form is the only option available to correct various EPF related errors. Since EPF Refund, Transfer and Claim are all can process online. But without the correct data, the Aadhaar number cannot be linked and the online claim is not possible. In case of small changes such as Name or DOB, you can do it online via Unified Member Portal. But the major change in PF sites such as Date of Joining, Date of Exit, Reason of Exit or Father’s Name can only be correct through Joint Declaration Form.

Joint Declaration Form use for?
1.   For Name correction 
2.   For Date of birth (DOB) correction
3.   For Joining date correction
4.   For Date of Exit correction
5.   For Father’s Name correction
6.   For Reason for Exit correction

How to Use or Fill Joint Declaration Form?



1.   Download the PDF version or use the format given below

2.   Fill all details such as Establishment Name, Code, UAN and your PF number.

3.   Now in the second section fill only the rows where you want any correction.

4.   Get it signed by your employer along with the company seal.

5.   Attach self-attested proofs along with company seal sign to verify your changes.

6.   If there is more than 1 year difference in DOB then the correction is difficult. In such case, either the Passport or School Certificate or Mark sheet or DOB certificate must be added to correct DOB with a difference which is greater than 1 year.

7.   If you want to correct Date of Joining or Date of Exit, appropriate proofs such as ECR of that month and attendance sheet copy must be added.

Thank You for reading and hope it is use full for you and kindly share with your friends relative employee so that they can get help through it…!!
Keep learning Keep Growing…!!

Thursday, July 25, 2019

PF Contribution and Its Different Account


Dear all,

Now a day a person working in organization want a security for his or her feature when he or she gets retired. For this purpose the Indian government has started the scheme which is known as PF              ( Provident Fund)

Every month some fix amount has been deducted through the salary of the employee and also employer contribute into it.

Now we will see how the PF is Bifurcated , how much amount is deducted from employees salary and how employer contributed into the pf account.

Before the we will see criteria for PF deduction i.e who are eligible for PF.

1. PF is deducted on your Basic salary every month 
2. your Basic should be less than 15000
3. If the basic is greater than 15000 It will deducted on Gross. From that gross he HR will be subtracted and what ever will be remain on that the PF amount is considered and deducted.

PF Contribution 

Total Deduction of PF is 24 %

112 % from Employer side 
2. 12 % from employee side 

Employer contribution is bifurcated into 4 account 

1. A/C No 1 - PF account - 3.67%
2. A/C No 2 - Admin account - 0.50%
3. A/C No 10 - EPS account - 8.33%
4. A/C No 21 - EDLI account - 0.50%

Employee Contribution is completely 12 % it is not bifurcated into different accounts.

IF any employee want to contribute more than 12% in PF account he/she can do that the ceiling for it is up-to 20%. Which is known as voluntary contribution.

This is all about contribution of PF and its bifurcated to different accounts.
in next article we will see about different problems related to PF and will suggest you different form related to it. 
Till then thank you..!! Keep reading,,,,,!!! 


INDIAN MARKET UPDATE

Apple is planning to announce three new iPhones , iPad upgrades and its largest laptop in years at a September event, sources told ...