How to fill 15G & 15H for PF Withdrawal in 2019 for avoiding deduction in PF amt.

There are EPF members who withdraws a PF amount of more than 50000 Rs in below 5 years of service need to submit 2 copies of form 15G and 1 copy of PAN card. If EPF members does not submit form 15G then 34.6% tax will deduct from PF claim amount or sometimes EPF officials will reject the EPF claim. EPF members whose age is below 60 years need to submit form 15G and for above 60 years form 15H is required.

Tax deduction situations during PF withdrawal

How to fill PF form 15G for PF withdrawal in 2019:

Field 1	Name of tax payer	Write the name of the person who is submitting form 15G.
Field 2	PAN of the assessee	Writ your PAN number
Field 3	Status	Mention Individual or HUF (Hindu Undivided Family) if applicable
Field 4	Previous year	If you are submitting form 15G form before 31 March 2019, then the previous year will be 2018-19.
Field 5	Residential status	Indian
Fields 6 – 12	Address	Here write your address details
Field 13	Email id	Write your email id.
Field 14	Mobile number	Write your mobile number
Field 15 part(a)	Already assessed or not	If you filed income tax returns under income tax act 1971 then tick Yes otherwise tick No
Part (b)	Assessment year	Mention the year for which you filed your IT returns
Field 16	Estimated total income of the p.y. in which income mentioned in column 16 to be included	Mention the estimated income, for example, if you are withdrawing a PF amount of 60,000 Rs then mention 60,000 as estimated income. (Don’t need to mention the exact amount)
Field 17	Estimated total income of PY	Mention your total annual income for the previous year. This should be the income mentioned in form 16. (Don’t get confused,  just mention your previous year total income)
Field 18	Total  number of Form 15Gs filed	If you have submitted any form 15Gs previously, then mention how many forms 15Gs you have submitted earlier, otherwise leave it blank.
	The aggregate amount of income for which form 15G submitted	If you submitted form 15Gs previously then mention the total amount for which you submitted form 15Gs, otherwise leave it blank.
Field 19	Details of the income for which declaration is made
	Sl no	Write serial number
	Identification number of relevant investment or account	For PF withdrawal you can leave this field blank or you can mention your UAN(If you don’t fill this field, then it will be filled by PF officials). For FDs write your Fixed deposit account number.
	Nature of income	Mention whether it is FD, or EPF, dividends, or interest on securities etc.
	The section under which tax is deductible	You can find sections in below table. If you don’t know the sections you can leave it blank. It is not a problem.
	Amount of income	Mention the amount of income for which you are submitting form 15G.

If the employee submits both PAN and 15G	No tax deduction
If the employee submits only PAN	TDS 10%
If the employee doesn’t submit PAN also	TDS 34.6%

2 Ways to find out your missed or forgotten ESI challan number

Due to some unavoidable situation like power cut or system hang, HR may forget to note down recently generated ESIC challan number. But there is no need to worry about forgotten ESIC challan number, employer can easily find forgotten ESIC challan number online, here is the step by step process…

To retrieve ESIC challan number go esic.in Now in home page click on pay e challan.

Now a new window will open, there enter your establishment ESIC code and captcha appearing on the screen and click on search.

Here you are shown ESIC challan number along with payment details once you fill employer code and captcha. So this is the easiest way to find forgotten ESIC challan number. If you want to make the payment then click on challan number and make the payment 

Delhi government to whip on minimum wage violators

The Delhi government have launched a 10-day awareness and enforcement drive to implement minimum wages in the city, labour minister Gopal Rai said on Tuesday.The campaign begins on December 10.

As part of the campaign, 10 enforcement teams of the labour department will inspect firms and factories to check if owners are paying government minimum wages, the minister said.

According to the revised pay scale, workers in the unskilled category should get R 14,000 per month, semi-skilled R 15,400 per month and skilled workers Rs 16,962 per month.

“If anyone is found violating rules, the government will initiate action in accordance with the Minimum Wages (Amendment) Act, 2017,” the minister said. The government has issued a helpline number 011-155214 on which complaints can be lodged.

Govt went on reducing PF Admin Charges & EDLI Admin Charges waived by EPFO

If sources are to be believed the total expenditure incurred by EPFO in administering the Provident Fund (EPF), EDLI, etc., are met from the Admin/ Inspection charges collected from the employers. PF Admin charges have been further reduced to 0.5% applicable w.e.f. 1 June 2018, subject to a minimum of Rs. 500/ Rs. 75 in the case of functional/ non-functional organisations. Besides, EDLI Admin charges have already been waived w.e.f. 1 Apr. 2017.

S.O. 2011(E).- In exercise of the powers conferred by the Explanation to paragraph 30 read with paragraph 39 of the Employees’ Provident Funds Scheme, 1952, and in supersession of the notification of the Government of India in the Ministry of Labour and Employment published in the Gazette of India, Extraordinary, Part II, section 3, sub-section (ii) vide number S.O. 827(E), dated the 15th March, 2017, except as respects things done or omitted to be done before such supersession, the Central Government, after consulting the Central Board and having regard to the resources of the Employees’ Provident Fund available for meeting its normal administrative expenses, hereby fixes the administrative charges payable by the employer for the purposes of paragraph 30 and sub-paragraph (1) of paragraph 38 of the said Scheme with effect from 1st June, 2018 at 0.50 per cent (zero point five zero per cent.) of the pay as referred to in the said paragraphs subject to a minimum sum of seventy-five rupees per month for every non-functional establishment having no contributory member and five hundred rupees per month per establishment for other establishments.

2. For the removal of doubts, it is hereby notified that nothing contained in this notification shall affect the administrative charges payable in respect of the period up to and inclusive of the 31st May, 2018 in respect of which the notification referred to in paragraph 1 herein shall continue to apply as if the same had not been superseded.

How To Approve KYC In EPF Without Digital Signature By Using E Sign

there are so many cases where employees KYC details update requests are not getting approval from their employer. Even though the employees are updating their details in UAN member portal, still they are not getting approval. Generally when an employee updates his KYC details then the employer will find those details immediately in their employer PF portal, if they have valid digital signature then they can approve the KYC details requests immediately. But the problem here is some employers aren’t aware of the digital signature, so the employees KYC update requests will remain pending at PF portal. Last year EPFO introduced Aadhar based E Sign to approve the KYC requests of employees, here we know how to approve KYC in  EPF without digital signature by using Aadhar based E sign.

How To Approve KYC In EPF Without Digital Signature

Whatever a digital signature can perform in employer PF portal the same can be performed by E Sign. But the main difference is E Sign doesn’t need any physical hardware like the digital signature.  You know when we use digital signature then we need to connect the digital signature pen drive to the system, and while using digital signature we face so many problems like Java errors etc. When we use E sign then we don’t face all those problems.

Below are the snapshots one can follow and get their kyc approved.

EDLI Benefits In Case Of Death As Per EDLI Amendment 2018

Majority of the EPF members are not aware of Employee Deposit Linked Insurance which is a part of employee provident fund scheme. Any employee whose monthly basic salary is less than 15000 Rs will eligible for EPF scheme, all the EPF eligible employee will also eligible for Employee Deposit Linked Insurance Scheme(EDLI). The main aim of the EDLI scheme is to provide security to the family members of EPF member in case of any sudden death.  Here you can find complete details on EDLI benefits in case of death as per EDLI amendment 2018.

EDLI Benefits In Case Of Death As Per EDLI Amendment 2018:

Earlier every EPF member has a life coverage of minimum 150000 Rs and maximum of 600000Rs. Bue according to the latest EDLI amendment 2018 which was made on 15 February 2018 the minimum life coverage of EPF member has increased to 250000. This amendment will be in force for next 2 years from 15 Feb 2018. It is a good news for all the EPF members.

How To Calculate EDLI Benefits

The calculation EDLI amount will be done by taking the average basic salary + DA of EPF member for last 12months preceding the date of death, that average basic wage will be multiplied by 30. For this amount, 50% of PF balance amount in preceding 12 months from the date of death is added.  If an employee doesn’t have 12months contribution and he has only 8 months service, then 50% of those 8 months PF balance will be added.

Example: If an employee monthly average basic + DA is 8000 Rs for preceding 12 months from the date of death then

8000*30 = 240000 Rs

And if he a has a PF amount of 70000 Rs in his account, then 50% of 70000 = 35000 Rs. This amount will be added to the above 240000 Rs.

 So total he will be covered for 240000+35000 = 275000 Rs

Here the covered amount is more than 250000 so there is no problem, if it is less than 250000, for example if it is 190000 Rs then as per this latest EPF amendment scheme that EPF member will be covered for 250000 Rs. So it is beneficial for EPF members who are getting less monthly basic wage + DA.

The maximum life coverage of EPF member under EDLI scheme is 600000 Rs.

EDLIS : Insurance benefit to PRIVATE sector Staff

Employees’ Deposit Linked Insurance scheme provides for a lump sum payment to the insured’s nominated beneficiary in the event of death due to natural causes, illness or accident

Retirement body Employees Provident Fund Organisation (EPFO) on Wednesday substantially increased the maximum amount assured under its Employees' Deposit Linked Insurance Scheme (EDLI) to Rs 6 lakh from the existing Rs 3.6 lakh.

The decision, taken at the 208th Central Board of Trustees (CBT) meeting in Hyderabad, will benefit 40 million contributing members of the EPFO.

"In a major decision, the Central Board of Trustees under the chairmanship of Bandaru Dattatreya, Union Minister for Labour & Employment enhanced the insurance benefits under the Employees Deposit Linked Insurance Scheme 1976 admissible to dependants of EPF members from the present maximum of Rs 360,000 to Rs 600,000. This will benefit 4 crore EPF contributing members," said a press statement from the Union labour ministry.

The release mentioned last year the government paid around Rs 180 crore to about 30,000 beneficiaries.

In another major relief, the trustees also decided to remove the condition of continuous employment of one year under current employer before being eligible for insurance benefits.At present, only subscribers who have worked for one year continuously in the same organisation is eligible for the insurance cover.

The nominee of the subscriber gets 20 times of average wage drawn during the past 12 months with 20% bonus on it. This means, on a wage ceiling of Rs 15,000 every month, the maximum amount assured works out to be Rs 3.6 lakh.

The trustees approved an incentive scheme for employers to seed Universal Account Number (UAN) with Know Your Customer (KYC) documents.For instance, an employer can claim 10% refund of administrative charges paid during the quarter if the establishment provides Aadhar card details of 80% employees, bank details of all the employees and PAN card detail wherever applicable. This will become operational from October 1 for one year.

At present, employers pay 0.65% of employees' monthly basic salary towards administrative fee.