Take This Quiz & Predict Your Score in the coming CA CS or CMA Exam!
  • How important it is for you to pass the exam in this attempt?
  • What percentage of course you have finished well so far roughly?
  • How many hours you study in a day?
  • How many times you have revised the topics you have finished
  • Have you taken online or pen drive or live class from a renowned faculty?
  • What percentage of the classes you have watched?
  • Have you attempted mock tests or practice tests yet?
  • Are you planning to attempt mock tests conducted by external bodies- ICAI, ICSI, ICMAI or other institute?
  • How many tests you have taken?
  • Did you manage to finish the test papers on time?
  • Are you strictly following study material provided by the exam conducting authority such as ICAI/ICSI/ICMAI/Other Body?
  • How is your health in general?
  • How is your food habit?
  • Any interest in yoga or exercise or play sports regularly?
  • Planning to sleep well nights before the exams?
  • Planning to have light food and water before exams?

Laws of Employees Provident Fund

Laws of Employees Provident Fund

Directives to Employer’s:

• Enrol under EPS all categories of employees including employees engaged by contractors and piece-rated, hourly-rated employees
• Remit the contributions and administrative charges to the EPFO Office in your city before the 15th of the following month.
• File the timely returns in prescribed forms:
o Initial – Form 9, Form 3(P.S.), Form 5A.
o Monthly – Form 12A, Form 5, Form 10 and Challans for remitting the dues.
o Annual – Form 3A and 6A after reconciliation with Challans and form 12A.
o Duly attested Form No.2 and the claims forms submitted by the employee/ legal heirs/ nominees.
• Make available all relevant records for inspection of visiting officials

Delay Charges:

In case of delayed remittances of contributions, administrative / inspection charges by an employer, he has to pay both interest and damages for the period of delay.

• Interest is payable @ 12% on the amount of remittance due
• Damages are payable as penalty from 17% to 37% p.a. depending upon delay.

When is an Employer Exempt?

• When an employee or class of employees get Provident Fund benefits on par with or better than statutory provisions – Exemption should be applied for in Form 1 under Para 27 of EPS
• The employer can seek exemption from P.F. Scheme for the entire establishment if the majority of the employees also consent for exemption, subject to certain conditions governing grant of exemption and certain formalities.

Laws of Employees Provident Fund



At CAKART you will get everything that you need to be successful in your CA CS CMA exam – India’s best faculty video classes (online or in pen drive) most popular books of best authors (ebooks hard copies) best scanners and all exam related information and notifications.Visit and chat with our counsellors any time. We are happy to help you make successful in your exams.


Click Here to download FREE CA CS CMA Text Books.

Leave a comment

Your email address will not be published. Required fields are marked *