positive thinking

Once there was loving couple travelling in a bus in a mountainous area. They decided to get down at some place. After the couple got down at some place the bus moved on. As the bus moved on, a huge rock fell on the bus from the mountain and crushed the bus to crumbs. Everybody onboard was killed.



The couple upon seeing that, said, "We wish we were on that bus" Why do you think they said that? If they had remained on the bus instead of deciding to get down, the resulting time delay could have been avoided and the rock would havefallen after the bus had passed ...!!!


Think positive in life always and look for opportunities when u can help others

Never lie to woman

A man called home to his wife and said, "Honey I have been asked to go fishing up in Canada with my boss & several of his Friends.

We'll be gone for a week. This is a good opportunity for me to get that Promotion I'v been wanting, so could you please pack enough Clothes for a week and set out my rod and fishing box, we're Leaving From the office & I will swing by the house to pick my things up" "Oh! Please pack my new blue silk pajamas."

The wife thinks this sounds a bit fishy but being the good wife she is, did exactly what her husband asked. The following Weekend he came home a little tired but otherwise looking good.
The wife welcomed him home and asked if he caught many fish?
He said, "Yes! Lots of Salmon, some Bluegill, and a few Swordfish. But why didn't you pack my new blue silk pajamas like I asked you to Do?"

You'll love the answer...
The wife replied, "I did. They're in your fishing box....."

Provident Fund Act_Practicle Problems_18

What is the voluntary rate of Provident Fund contribution by the member?

As per the Act, the member has to contribute at the rate of 10% or 12% of his basic pay, D.A. & retaining allowance if any. In case the member wants to contribute more than this, voluntarily he can do so at any rate he desires. i.e. upto 100% of basic and D.A. But the employer is not bound to contribute at the enhanced rate.

Provident Fun Act_Practicle Problems_17

What are the modalities to be followed for payment through cheque?

The member has to open an account in the nationalised bank, scheduled bank, urban bank or post office savings bank. He has to furnish the details of bank a/c no. with the full address of the bank in application form. An advance stamped receipt has also to be annexed in the form.For receipt of pension member/claimant has to open an account only in State Bank of India or Punjab National Bank.

Provident Fund Act_Practicle Problems_16

What is the procedure to be followed by the member if the employer is not attesting his claim forms?

It is the duty of the employer under the Act & Scheme to help Employees' Provident Fund organisation to settle the Provident Fund dues of his employees. He has to complete the prescribed application within 5 days of receipt of forms & hand over it to the member when he leaves the service. When a member finds difficult to get the form attested by the employer, he can get the attestation of any of the following officer & send to the Provident Fund office
1. Manager of a bank.
2. By any gazetted officer.
3. Member of the Central Board of Trustees./ committee/ Regional Committee (Employees'Provident Fund Organization). Magistrate/ Post/ Sub Post Master/ President of Village Panchayat/ Notary Public.

Provident Fund Act_Practicle Problems_15

What are the periodical returns to be sent by an employer to the Provident Fund Office?

The employer of an un-exempted establishment has to forward the following returns. These returns will include details required under the three schemes namely, Employees Provident Fund Scheme, 1952, Employee Deposit Linked Insurance Scheme,1976 and Employee Pension Scheme, 1995.

a) Form-9(Revised):The details of employees enrolled as members of Employees' Provident FundS'52, Employees' Deposit Linked Insurance'76 & Employees' Pension Scheme'95 on coverage of the establishment- This is to be submitted immediately after coverage, within 15 days of coverage.

b) Form-12A:The details of the contributions recovered form the members & paid along with details of employers' contribution & administrative charges- This is to be submitted monthly by 25th of following month.

c) Form-5:The details of the employees enrolled newly to the Provident Fund- To be submitted along with Form-12A every month within 15 days of the following month.

d) Form-10:The details of the employees leaving service during the month- To be submitted along with form-12A.

e) Challans:The triplicate copy of challans in token of having remitted the Provident Fund dues in the bank- to be submitted along with form-12A every month.

f) Form-2(Revised):Nomination form- To be submitted along with form-5/9.

g) Form-3A:The details of wages & contributions in respect of each member, to be prepared financial year wise- To be submitted to the Provident Fund office by 30th of April every year.

h) Form-6A:Yearly consolidated statement of contributions- To be forwarded yearly along with form-3A. It should be ensured that all the form-3A are entered in form-6A, irrespective of whether the form-3A was forwarded for the broken period and the total dues as per the form-12A for the whole year agrees with the total of form-6A within 30th April.

i) Form-5A:Return of ownership of the establishment- To be forwarded immediately after coverage & whenever there is a change in the ownership, it has to be intimated with in 15 days of change.

j) Specimen signature:Specimen signature of the officer/officers who are authorized to sign the returns/documents relating to Provident Fund forwarded immediately after coverage & whenever there is a change inauthorized officer.



19) What is the procedure to be followed by the member if the employer is not attesting his claim forms?
It is the duty of the employer under the Act & Scheme to help Employees' Provident Fund organisation to settle the Provident Fund dues of his employees. He has to complete the prescribed application within 5 days of receipt [para72(5)] forms & hand over it to the member when he leaves the service. When a member finds difficult to get the form attested by the employer, he can get the attestation of any of the following officer & send to the Provident Fund office
1. Manager of a bank.
2. By any gazetted officer.
3. Member of the Central Board of Trustees./ committee/ Regional Committee (Employees'Provident Fund Organization).
4. Magistrate/ Post/ Sub Post Master/ President of Village Panchayat/ Notary Public.

Integrity

It is not what we eat but what we digest that makes us strong;
not what we gain but what we save that make us rich;
not what we read but what we remember that makes us learned;
and not what we profess but what we practice that gives us Integrity.