This document provides information about provident fund settlement processes, including forms required and supporting documents, based on years of service and reason for withdrawal. It also summarizes superannuation settlement processes, gratuity settlement processes, requirements for registering as a principal employer under the Contract Labour Act, information needed for a workmen's compensation policy, PF and ESI contribution calculation rates, professional tax rates in Maharashtra, and an overview of social security programs and benefits in India.

1. PROVIDENT FUND
Settlement -
Settlement before completion of 05 years of service -
Form No - 19 (Provident fund withdrawal)
Form No – 10/C (Pension withdrawal)
Form No – 15 G
* Action require - 2 months waiting period
* Supporting documents – Canceled Cheque (Individual a/c)
Settlement after completion of 10 years of service -
Form No - 19 (Provident fund withdrawal)
Form No – 10/C (Pension Scheme Certificate)
Attaining the age of 58 yrs – Form 10/D (Application for Pension)
* Action require - 2 months waiting period
* Supporting documents – Canceled Cheque (Individual a/c), ID Proof of self & nominee,
Family Photo - 3
Death of employee
Form No – 20
Form No – 10/D
Form No 5(IF) (Employees Deposit linked insurance claim) if Death while in service.
* Action require - Immediate
* Supporting documents – Canceled Cheque (Claimant), Death Certificate of the member, ID
Proof of nominee
Transfer -
Form 13 - in case of transfer of provident fund

2. Process Flow -
1. Forms to be circulated to the members for filling up & signature
2. Forms to be authorized by the authorized person once received from the member
3. Complete application for Transfer / Withdrawal to be send to the EPFO for the
submission.
_______________________________________________________________________
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SUPERANNUATION
Settlement -
1. Pension Claim Form
2. Intimation of Retirement / Death / Leaving Service
3. NEFT – Mandate Form
* Action require - Immediate
* Supporting documents – Pan Card Copy, Canceled Cheque
Process Flow -
1. Forms to be circulated to the member for filling up & signature

3. 2. Forms to be authorized by the authorized person (IOT Trustee) once received from the
member
3. Complete application to be send to the LIC.
GRATUITY
Settlement -
Action require - Immediate on the resignation / retirement / death
Process Flow -
1. Gratuity calculation is done by payroll
2. Gratuity LIC form to be authorized by the authorized person (IOT Trustee)
3. Complete form to be send to the LIC

4. The Contract Labour Act
Supporting Paper for Registration Certificate (Principal Employer)
1. MOA / AOA
2. PAN Card copy
3. Rs. 100/- stamp paper
4. Contractor's agreement copy
5. List of Directors with residence address
Supporting Paper for Labour license
1. Application in Form IV
2. Annexure B
3. Affidavit by Principal Employer
4. Copy of work order / Agreement
5. Form V by Principal Employer
6. Treasury challan for Payment of Security Deposit @ Rs. 100/- per Cont Employee
7. Treasury challan for Payment of License fees
Workmen Compensation Act
Information require for obtaining WC policy -
1. Current employee strength
2. Current minimum wages of the state
3. Nature of activities at the project site
4. Project address
5. Duration of the policy

5. PF Challan calculation
3.67%
A/c No 1 12%
A/c No 2 1.1% 0.85% (w-e-f 1
st
Jan 2015)
A/c No 10 8.33%
A/c No 21 0.50%
A/c No 22 0.01%(Rs. 200/- w-e-f 1
st
Jan 2015)
E S I C Challan calculation
Employee Contribution = 1.75 %
Employer Contribution = 4.75 %
Total Contribution = 6.50%

6. Professional Tax Rates
Salary Prof Tax Rate
upto Rs. 7499/- Nil
Rs. 750 – Rs. 10000/- Rs. 2100/- p.a
Above Rs. 10000/- Rs. 2500/- p.a
Female employee Rs 10000/- Nil
Maharashtra Labour Welfare Fund
Salary Contribution Rate
Employee Employer Total
Upto Rs. 3500/- 6 18 24
Above Rs. 3500/- 12 36 48

7. Social Security in India
What is Social Security -
Social security is the protection that a society provides to individual and households to ensure access
to health care and to guarantee to income security, particularly in case of old age, unemployment,
sickness, invalidity, work injury, maternity and loss of a breadwinner – International Labour
Organisation
Why Do We Need Social Security -
Employer is solely responsible for providing adequate social security coverage to workers. Social
security not only protect employees but their families too by giving financial & insurance assistance for
longer term when the breadwinner retires, dies or suffers from disability.
Social Security in India -
Countries like India & China have taken initiatives under the Social Security Scheme & large number
of Indian population is protected under the laws of social security which are as follows -
1. The Employees State Insurance Act, 1948 -
Benefits under ESIC Act- Medical benefit, Sickness benefit, Maternity benefit, Disablement benefit,
Dependent benefit, Funeral benefit etc.
2. The Employees Provident Fund & Miscellaneous Provision Act, 1952 -
Benefits under EPF Act- Provident fund, Pension, Deposit linked insurance, Nonrefundable advance
3. The Employees Compensation Act – Compensation for disability and death due to employment.
4. The Maternity Benefit Act – Paid leave for 12 weeks
5. The Gratuity Act – Gratuity benefit for 5 yrs of continuous of service.

8. License Registration under various applicable acts such as -
1. Factory license
2. Shop & Establishment license
3. Contract labour RC / license
4. BOCW registration
5. Interstate migrant registration
6. Trade license
7. Small Scale Industies
8. MIDC
9. Pollution Control Board
10. Directorate of Industries
Social Security -
Salary as per the industry standard / prescribed minimum wages rates for labours
Leave facility
Overtime payment
Provident fund
Gratuity
Bonus
Superannuation
Compensation for employment injury
Maternity Benefit
Welfare Measures -
Drinking Water
First Aid, Hospital
Ambulance
Canteen

9. Rest Room
Latrines
Washing Facilities

10. Rest Room
Latrines
Washing Facilities