Provident Fund Coverage Sample Clauses
The Provident Fund Coverage clause establishes the employer's obligation to enroll eligible employees in a government-mandated retirement savings scheme, such as the Employees' Provident Fund. Typically, this involves deducting a specified percentage from employees' salaries and making matching contributions, which are then deposited into the employees' provident fund accounts. This clause ensures that employees receive long-term financial security and that the employer complies with statutory social security requirements.
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Provident Fund Coverage. (a) The contractors must have his own PF Code number and indicate individual PF Account number of his employees. (b) The contractors should produce Form V as and when required for verification of account number of his contract employee.
Provident Fund Coverage. (a) The contractors must have his own PF Code number and indicate individual PF Account number of his employees.
(b) The contractors should produce Form V as and when required for verification of account number of his contract employee.
(c) The contractors shall cover his eligible contract employees under the PF Act and Scheme and pension scheme from the date of joining.
(d) The contractors shall also submit the copy of challan in respect of payment of dues.
(e) The contractors should submit the card of PF annual return prescribed under the act.
(f) The contractors shall attend PF inspection as and when required and submit copy of the PF inspection report to the HR- Contract & Outsourcing Dept.