Labour Law Consultancy Services

The Employees' Provident Fund And Mp Act, 1952 (EPF)

Our Services

Preparing and submitting all relevant document for Registration
Obtaining the certificate of Registration and PF code from Provident Fund Department
Submitting Employees Nomination form with the department
Monthly Remittance of Challan
Filing of Monthly Return
Filing of annual Contribution detail in form 3A & 6A
Filing form 19 and 10C for withdrawal
Filing of Form 13 for Transfer

Frequently Asked Questions

Which establishment are covered by the Act?

Establishment which is factory engaged in any industry specified in Schedule 1 and in which 20 or more persons are employed.
Any other establishment employing 20 or more persons which Central Government may, by notification, specify in this behalf.
Any establishment employing even less than 20 persons can be covered voluntarily under section 1(4) of the Act.

What is rate of Contribution?

Employee Provident Fund Employees share	12%
Employee Provident Fund Employer share	3.67%
Employees' Pension scheme	8.33%
Employee Deposit Linked Insurance	0.5%
Employee Provident Fund Administrative charges	1.1%
Employee Deposit Linked Insurance Administrative charges	0.01%

What are the benefits provided under the Scheme?

The following three kinds of benefits are provided under the scheme: (1) Withdrawal benefit (2) Benefit of non-refundable advances (3) Benefit of financing of Life Insurance Policies.

A member can withdraw the full amount standing to his credit in the Fund in the following circumstances immediately
Retirement after attaining the age of 55 years
Retirement due to incapacity for work
Migration for permanent settlement abroad
Mass retrenchment
Voluntary retirement
Closer of establishment
Transfer to an establishment not covered under the Act
Discharge with payment of retrenchment compensation, etc
In all other cases of leaving services he can withdraw the full amount if he remains unemployed after the waiting period of two months unemployment.
Non-refundable advances from the amount standing to the credit of a member in the Fund can be sanctioned for the following purposes:
Purchase of a house
Repayment of a loan, for housing
Unemployment due to lock-out or temporary closure
Unemployment due to illness
Marriage of a self of daughter, son, sister or brother
Education of son or daughter
Exceptional calamity, etc.

What are the Penal Provision under the act?

Liable to be arrested without warrants being a cognizable offence.
Defaults by employer in paying contributions or inspection/administrative charges attract imprisonment upto 3 years and fines upto Rs. 10,000.00 {Section 14}
For any retrospective application, all dues have to be paid by employer with damages upto 100% of arrears.

Karnataka Profession Tax (PT)

PT Registrations
PT Monthly payments
PT Monthly Returns
PT Annual Compliances
PT Annual Renewals

Frequently Asked Questions

Which establishment are covered by the Act?

Profession tax is levied under the Karnataka Tax on Professions, Trades, Callings and Employments Act, 1976:

Profession Tax shall be paid by every person exercising any Profession or calling or is engaged in any trade or holds any appointment, public or private as specified in the Schedule to the Act.

A person is defined under the Act to mean, any person who is engaged in any Profession, trade, callings or employment in the State of Karnataka and includes :-

Hindu undivided family (HUF)
Firm
Company
Corporations
Other Corporate bodies
Any Society
Any Club or Association
Every branch of a firm, company, corporation or other corporate body, any society, club or association is treated as separate person for the purpose of tax liability

Are there any Exemption?

No tax is payable by persons who have attained age of sixty five years. Also no tax is payable for holding any Profession for less than120 days in that year.

What is the slab rate for Professional tax in Karnataka?

Professional tax in Karnataka on Salary or wage earners whose salary or wage or both, as the case may be, for a month is,

Upto 9999 - NIL
10000 to 14999 – Rs. 150 per month
15000 & above – Rs. 200 per month

What is the Penalty for non-payment of tax?

If an enrolled person or a registered employer fails, without reasonable cause, to make payment of any amount of tax, within the required time or date as specified in the notice of demand, the prescribed authority may, after giving him a reasonable opportunity of being heard, impose upon him a penalty equal to ten per cent, of the amount of tax due.

Shops And Commercial Establishment Act, 1961 (S & E)

Registration in form A
Obtaining Registration Certificate/Renewal of Registration
Assistance in payment of Fees
Assistance in Amendment of Shops & Establishment Certificate
Assistance in Maintaining Registers in various forms prescribed

Applicability

Karnataka Shops and Establishment regulates the employment and working conditions in Commercial Establishments situated in Karnataka It applies to areas notified by the Government

Registration fee Slab:

Number of Employees	Amount of Fee (Rs)
1 to 9 Employees	250
10 to 19 Employees	3000
20 to 49 Employees	8000
50 to 99 Employees	15000
100 to 250 Employees	30000
251 to 500 Employees	35000
501 to 1000 Employees	45000
Above 1000 Employees	50000