September 8, 2024

Employees Provident Fund (EPF)

employees provident fund (epf)

The Employees’ Provident Fund or EPF is a popular savings scheme that has been introduced by the EPFO under the supervision of the Government of India. The employee and employer each contribute 12% of the employee’s basic salary and dearness allowance towards EPF. The current rate of interest on EPF deposits is 8.15% p.a. The accrued interest on the EPF is tax-free and can be withdrawn without paying for the same. Employees avail of a lump-sum amount on their retirement, which is inclusive of the accrued interest. EPFO – Employee Provident Fund Organization EPFO or Employees’ Provident Fund Organisation is a non-constitutional body that promotes employees to save funds for retirement. EPFO was launched in 1951 and is governed by the Ministry of Labour and Employment. It offers schemes that cover Indian and international workers. The Employees’ Provident Fund Scheme Act, 1952, the Employees’ Deposit Linked Insurance Scheme Act, 1976, and the Employees’ Pension Scheme Act, 1995 are the three Acts that govern the EPF programme, which has served more than 5 billion people. The fund is accumulated by monthly monetary contributions made by both employees and their employers. As their respective portion of the EPF contribution, each party contributes 12% of the employees’ monthly salaries. The interest earned on the fund as a result is pre-fixed and established by the Employees Provident Fund Organization. The interest that has accrued in the EPF is tax-free and may be withdrawn without being charged. When an employee retires, they get a lump sum payment that includes all accumulated interest. Schemes Offered Under EPFO Employees’ Provident Funds Scheme 1952 (EPF) Employees’ Pension Scheme 1995 (EPS) Employees’ Deposit Linked Insurance Scheme 1976 (EDLI) Objectives of Employees Provident Fund (EPF) In order to guarantee that each employee has a single EPF account. It must be as easy as feasible to comply. Make sure businesses consistently abide with all EPFO laws and regulations. To improve their infrastructure and ensure the dependability of internet services. Online access should be available for all member accounts. The 20-day claim settlement period will be cut to 3 days. Promotion and encouragement of voluntarily compliance UAN and EPFO Portal All EPF subscribers have online access to their PF accounts and can execute operations such as withdrawal and checking their EPF balance. EPFO assigns each member a 12-digit number known as the UAN. Even if an employee changes employers, his or her UAN remains the same.  The Universal Account Number (UAN) simplifies access to the EPFO member portal. When a member’s job changes, his or her member ID changes, and the new ID is linked to the UAN. Employees must, however, activate their UAN to use the services online. Application Eligibility for Employees Provident Fund (EPF) Employees in both the public and private sectors are eligible for the Employee Provident Fund; therefore any employee can apply to join EPF India. A company is also considered responsible for providing EPF benefits to its employees if it employs at least 20 people. When an employee joins the programme actively, they are deemed qualified to receive a number of advantages, including pension benefits, insurance benefits, and Employees Provident Fund benefits. Interest of Employees Provident Fund (EPF) Only the active PF accounts of employees who have not yet retired receive this interest. However, the interest that accumulates on these accounts is taxed according to the tax bracket of an EPF employee member. It should be mentioned as well that the Employees Pension Scheme share does not earn interest. However, after they reach the age of 58, members are qualified to receive a pension from this cumulative amount. Employee Provident Fund Calculation (EPF) You may simulate how much money will accumulate in your EPF account when you retire with the EPF calculator. You may calculate the lump-sum amount, which includes the interest that has accumulated on the investment as well as your contribution and the employer’s contribution. You can input your current age, basic monthly salary, dearness allowance, EPF contribution, and retirement age up to 58 years in the formula box that is included. You may also input the current EPF balance if you are familiar with the numbers. After you provide the essential information, the calculator will display the EPF funds that will be available to you when you retire. Advantages of Employees Provident Fund (EPF) Advances and withdrawals are both permitted for employees. The nominees or legal heirs are entitled to the PF amount of a dead member. In addition to contributing to the PF, the company also makes the appropriate payments into the employee’s pension, which the employee may access after retirement. Employees are appropriately insured under the EDLI Scheme in order to receive the lump sum payment in the event of death while on the job. Employees are entitled to get tax-free returns thanks to the EEE (Exempt, Exempt, Exempt) tax advantage under the Income Tax Act, 1961. Special advantages are given to employees in the form of interest-bearing income added to their savings. If a member transfers from one establishment where the Provident Fund system is applicable to another, their PF account may be transportable. How is Interest on EPF Calculated? The interest extended on EPF schemes is calculated each month and is calculated by dividing the rate p.a. by 12. Such a method helps to calculate the specific interest that is offered to member employees for a given month.  For example – If the rate of interest is 8.5% p.a., the rate for each month would be (8.5/12) %, i.e. 0.7125%.  Now, 12% of an individual’s salary is directed towards their EPF account. Assuming that the salary of an individual is Rs. 15,000 per month – 12% of Rs. 15,000 would accrue Rs. 18, 00 by month-end which would be transferred to the individual’s EPF account. Now, employers contribute 3.67% towards their EPF account, while 8.5% is contributed towards their EPS account. The contribution towards the EPF account would be –3.67% of Rs. 15,000 = Rs. 550. The total contribution towards the EPF

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Section 13 – Code of Criminal Procedure, 1973

Special Judicial Magistrates (1) The High Court may, if requested by the Central or State Government so to do, confer upon any person who holds or has held any post under the Government, all or any of the powers conferred or conferable by or under this Code on a Judicial Magistrate of the first class or of the second class, in respect to particular cases or to a particular classes of cases, in any local area, not being a metropolitan area : Provided that no such power shall be conferred on a person unless he possesses such qualification or experience in relation to legal affairs as the High Court may, by rules, specify. (2) Such Magistrates shall be called Special Judicial Magistrates and shall be appointed for such term, not exceeding one year at a time, as the High Court may, by general or special order, direct. (3) The High Court may empower a Special Judicial Magistrate to exercise the powers of a Metropolitan Magistrate in relation to any metropolitan area outside his local jurisdiction. STATE AMENDMENTS ANDHRA PRADESH ■ Section 13(2) For the words “not exceeding one year at a time”, the words “not exceeding two years at a time” shall be substituted and to the said sub-section the following proviso, shall be added, namely :— “Provided that any person who is holding the office of Special Judicial Magistrate at the commencement of the Code of Criminal Procedure (Andhra Pradesh Amendment) Act, 1992 and has his not completed sixty five years of age shall continue to hold office for a term of two years from the date of his appointment.”—Andhra Pradesh Act No. 2 of 1992. BIHAR ■ Section 13 In section 13 for the words “in any district”, substitute the words “in any local area”.—Vide Act No. 8 of 1977. HARYANA ■ Section 13(1) In section 13 for the words “second class” substitute the words “first or second class” and for the words “in any district” substitute the words “in any local area”.—Vide Act No. 16 of 1976. HIMACHAL PRADESH ■ Section 13(1) In sub-section (1) of section 13 for the words “in any district”, substitute the words “in any local area”.—Vide Act No. 40 of 1976. PUNJAB ■ Section 13(1) In section 13, sub-section (1) : for the words “second class” substitute the words “first class or second class” and for the words “in any district” substitute the words “in any local area”.—Vide Act No. 9 of 1978. UTTAR PRADESH ■ Section 13(1) In section 13 for the words “second class” substitute the words “first or second class” and for the words “in any district” substitute the words “in any local area”.—Vide Act No. 16 of 1976.

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Section 12 – Code of Criminal Procedure, 1973

Chief Judicial Magistrate and Additional Chief Judicial Magistrate, etc (1) In every district (not being a metropolitan area), the High Court shall appoint a Judicial Magistrate of the first class to be the Chief Judicial Magistrate. (2) The High Court may appoint any Judicial Magistrate of the first class to be an Additional Chief Judicial Magistrate, and such Magistrate shall have all or any of the powers of a Chief Judicial Magistrate under this Code or under any other law for the time being in force as the High Court may direct. (3) (a) The High Court may designate any Judicial Magistrate of the first class in any sub-division as the Sub-divisional Judicial Magistrate and relieve him of the responsibilities specified in this section as occasion requires. (b) Subject to the general control of the Chief Judicial Magistrate, every Sub-divisional Judicial Magistrate shall also have and exercise, such powers of supervision and control over the work of the Judicial Magistrates (other than Additional Chief Judicial Magistrates) in the sub-division as the High Court may, by general or special order, specify in this behalf. STATE AMENDMENTS NAGALAND ■ Section 12(1)/(2)/(3) In sub-sections (1), (2) and (3) the words “High Court” shall be substituted by the words “State Government” wherever it occurs.-Vide Notification No. Law 170/74 Leg. dated 3-7-1975. UTTAR PRADESH ■ Section 12(4) Insert the following sub-section to section 12 : “(4) Where the Office of the Chief Judicial Magistrate is vacant or he is incapacitated by illness, absence or otherwise for the performance of his duties, the senior-most among the Additional Chief Judicial Magistrates and other Judicial Magistrates present at the place, and in their absence the District Magistrate and in his absence the senior-most Executive Magistrate shall dispose of the urgent work of the Chief Judicial Magistrate.”—Vide U.P. Act No. 1 of 1984.

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Section 11 – Code of Criminal Procedure, 1973

Courts of Judicial Magistrates (1) In every district (not being a metropolitan area), there shall be established as many Courts of Judicial Magistrates of the first class and of the second class, and at such places, as the State Government may, after consultation with the High Court, by notification, specify : Provided that the State Government may, after consultation with the High Court, establish, for any local area, one or more Special Courts of Judicial Magistrates of the first class or of the second class to try any particular case or particular class of cases, and where any such Special Court is established, no other Court of Magistrate in the local area shall have jurisdiction to try any case or class of cases for the trial of which such Special Court of Judicial Magistrates has been established. (2) The presiding officers of such Courts shall be appointed by the High Court. (3) The High Court may, whenever it appears to it to be expedient or necessary, confer the powers of a Judicial Magistrate of the first class or of the second class on any member of the Judicial Service of the State, functioning as a Judge in a Civil Court. STATE AMENDMENTS ANDAMAN AND NICOBAR ISLANDS, DADRA AND NAGAR HAVELI AND LAKSHADWEEP ■ Sub-section (3) In sub-section (3) of section 11, for the words “any member of the Judicial Service of the State, functioning as a Judge in a Civil Court,” the words “any person discharging the functions of a Civil Court” shall be substituted. – Regulation 1 of 1974. BIHAR ■ Sub-section (4) After sub-section (3), insert following sub-section : “(4) The State Government may likewise establish for any local area one or more Courts of Judicial Magistrate of the first class or second class to try any particular cases or particular class or categories of cases.”—Vide Bihar Act No. 8 of 1977. HARYANA ■ Sub-section (1A) After sub-section (1), insert following sub-section : “(1A) The State Government may likewise establish as many Courts of Judicial Magistrates of the first class and of the second class in respect to particular cases or to particular class or classes of cases, or to cases generally in any local area,”—Vide Haryana Act No. 16 of 1976. KERALA ■ Sub-section (1A) Insert the following sub-sections after sub-section (1) : “(1A) The State Government may likewise establish as many special courts of Judicial Magistrates of first class in respect to particular cases or to a particular class or particular classes of cases or in regard to cases generally, in any local area.”—Vide Kerala Act No. 21 of 1987. The amendments made by sub-section (1) shall be, and shall be deemed to have been, in force for the period commencing from the 2nd day of December, 1974 and ending with the 18th day of December, 1978. PUNJAB ■ Sub-section (1A) After sub-section (1), insert following sub-section : “(1A) The State Government may likewise establish as many Courts of Judicial Magistrates of the first class in respect to particular cases or to particular classes of cases or in regard to cases generally, in any local area.”—Vide Punjab Act No. 9 of 1978. RAJASTHAN ■ Sub-section (1A) After sub-section (1), insert following sub-section : “(1A) The State Government may likewise establish as many Courts of Judicial Magistrates of the first class and of the second class in respect to particular cases, or to a particular class or particular classes of cases or in regard to cases generally, in any local area.”—Vide Rajasthan Act No. 10 of 1977. UTTAR PRADESH ■ Sub-section (1A) After sub-section (1), insert following sub-section : “(1A) The State Government may likewise establish as many Courts of Judicial Magistrates of the first class and of the second class in respect to particular cases, or to a particular class or particular classes of cases, or in regard to cases generally, in any local area.”—Vide Act No. 16 of 1976.

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Section 10 – Code of Criminal Procedure, 1973

Subordination of Assistant Sessions Judges (1) All Assistant Sessions Judges shall be subordinate to the Sessions Judge in whose Court they exercise jurisdiction. (2) The Sessions Judge may, from time to time, make rules consistent with this Code, as to the distribution of business among such Assistant Sessions Judges. (3) The Sessions Judge may also make provision for the disposal of any urgent application, in the event of his absence or inability to act, by an Additional or Assistant Sessions Judge, or, if there be no Additional or Assistant Sessions Judge, by the Chief Judicial Magistrate, and every such Judge or Magistrate shall be deemed to have jurisdiction to deal with any such application. COMMENTS Scope of sub-section (3) and transfer of bail applications – Sub-section (3) confers power on the Sessions Judge to make over an urgent application to the Additional or Assistant Sessions Judge or CJM, for disposal under either of the two circumstances, namely, his absence or his “inability to act”. By reason of the use of expression “inability to act”, a Sessions Judge can make over an urgent application for disposal to an Additional Sessions Judge not only when he is physically incapable of acting but also when he is otherwise unable to act due to pressure of other work. The transfer of trial cases by the Sessions Judge to the Additional Sessions Judge is provided in section 194. Section 400 deals with transfer of revision cases, and the transfer of criminal appeals is dealt in section 481. The only provision, therefore, under which a Sessions Judge can make over an application for bail to an Additional Sessions Judge is section 10(3)—Vide T.V. Sarma v. A. Nagakoteshwarrao 1977 Cr. LJ 19.

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Section 9 – Code of Criminal Procedure, 1973

Court of Session (1) The State Government shall establish a Court of Session for every sessions division. (2) Every Court of Session shall be presided over by a Judge, to be appointed by the High Court. (3) The High Court may also appoint Additional Sessions Judges and Assistant Sessions Judges to exercise jurisdiction in a Court of Session. (4) The Sessions Judge of one sessions division may be appointed by the High Court to be also an Additional Sessions Judge of another division, and in such case he may sit for the disposal of cases at such place or places in the other division as the High Court may direct. (5) Where the office of the Sessions Judge is vacant, the High Court may make arrangements for the disposal of any urgent application which is, or may be, made or pending before such Court of Session by an Additional or Assistant Sessions Judge, or, if there be no Additional or Assistant Sessions Judge, by a Chief Judicial Magistrate, in the sessions division ; and every such Judge or Magistrate shall have jurisdiction to deal with any such application. (6) The Court of Session shall ordinarily hold its sitting at such place or places as the High Court may, by notification, specify ; but, if, in any particular case, the Court of Session is of opinion that it will tend to the general convenience of the parties and witnesses to hold its sittings at any other place in the sessions division, it may, with the consent of the prosecution and the accused, sit at that place for the disposal of the case or the examination of any witness or witnesses therein. Explanation : For the purposes of this Code, “appointment” does not include the first appointment, posting or promotion of a person by the Government to any service, or post in connection with the affairs of the Union or of a State, whereunder any law, such appointment, posting or promotion is required to be made by Government. STATE AMENDMENTS UTTAR PRADESH ■ Section 9(5A) Insert the following sub-section after sub-section (5) : “(5A) In the event of the death, resignation, removal or transfer of the Sessions Judge, or of his being incapacitated by illness or otherwise for the performance of his duties, or of his absence from the place at which his Court is held, the senior-most among the Additional Sessions Judges and the Assistant Session Judges present at the place, and in their absence the Chief Judicial Magistrate shall without relinquishing his ordinary duties assume charge of the office of the Sessions Judge and continue in charge thereof until the office is resumed by the Sessions Judge or assumed by an officer appointed thereto, and shall subject to the provision of this Code and any rules made by the High Court in this behalf, exercise any of the powers of the Sessions Judge.”—Vide U.P. Act No.1 of 1984. ■ Sub-section (6) Insert following proviso : “Provided that the Court of Session may hold, or the High Court may direct the Court of Session to hold, its sitting in any particular case at any place in the sessions division, where it appears expedient to do so for considerations of internal security or public order, and in such cases, the consent of the prosecution and the accused shall not be necessary.”—Vide Uttar Pradesh Act No. 16 of 1976. WEST BENGAL ■ Section 9(3) Insert the following provisos to sub-section (3) : “Provided that notwithstanding anything to the contrary contained in this Code, an additional Sessions Judge in a sub-division, other than the sub-division, by whatever name called, wherein the headquarters of the Sessions Judge are situated, exercising jurisdiction in a Court of Session, shall have all the powers of the Sessions Judge under this Code, in respect of the cases and proceedings in the Criminal Courts in that sub-division, for the purposes of sub-section (7) of section 116, sections 193 and 194, clause (a) of section 209 and sections 409, 439 and 449 : Provided further that the above powers shall not be in derogation of the powers otherwise exercisable by an Additional Sessions Judge or a Sessions Judge under this Code.”—Vide W.B. Act No. 24 of 1988. COMMENTS Genesis of the provision – In the case of State of Assam v. Ranga Muhammad AIR 1967 SC 903, the Supreme Court has held that all transfers of District Judges (which under article 236 of the Constitution includes Sessions Judges, Additional Sessions Judges, Asstt. Sessions Judges and Chief Presidency Magistrates), must be made only by the High Court and not by the Government. The expression “control over district courts” used in article 235 of the Constitution covers “posting”, “appointment”, “promotion”, etc. The Government’s power under article 233 extends only to the making of the first appointment to the cadre of District Judges. Accordingly, section 9 is in two parts : the first part states that the State Government shall establish a Court of Session for every sessions division and the second part states that the High Court shall appoint a Judge of such court. The other sub-sections also refer to the High Court. Sub-sections (5) and (6) – Provision has been made in sub-section (5) for the disposal of work of a Sessions Judge when the office becomes suddenly vacant (by reason, say, of the transfer or death of the Judge or otherwise). Sub-section (6) provides that a Court of Session will ordinarily hold its sitting at the place or places specified by the High Court. Explanation – The Explanation clarifies the intention that “the provisions relating to the appointment of Sessions Judges and Magistrates are not repugnant to the provisions of the Constitution or any other law relating to the first appointment and posting of a person to the relevant service or post”.

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Section 8 – Code of Criminal Procedure, 1973

Metropolitan areas (1) The State Government may, by notification, declare that, as from such date as may be specified in the notification, any area in the State comprising a city or town whose population exceeds one million shall be a metropolitan area for the purposes of this Code. (2) As from the commencement of this Code, each of the presidency towns of Bombay, Calcutta and Madras and the city of Ahmedabad shall be deemed to be declared under sub-section (1) to be a metropolitan area. (3) The State Government may, by notification, extend, reduce or alter the limits of a metropolitan area but the reduction or alteration shall not be so made as to reduce the population of such area to less than one million. (4) Where, after an area has been declared, or deemed to have been declared to be, a metropolitan area, the population of such area falls below one million, such area shall, on and from such date as the State Government may, by notification, specify in this behalf, cease to be a metropolitan area ; but notwithstanding such cesser, any inquiry, trial or appeal pending immediately before such cesser before any Court or Magistrate in such area shall continue to be dealt with under this Code, as if such cesser had not taken place. (5) Where the State Government reduces or alters, under sub-section (3), the limits of any metropolitan area, such reduction or alteration shall not affect any inquiry, trial or appeal pending immediately before such reduction or alteration before any Court of Magistrate, and every such inquiry, trial or appeal shall continue to be dealt with under this Code as if such reduction or alteration had not taken place. Explanation : In this section, the expression “population” means the population as ascertained at the last preceding census of which the relevant figures have been published. STATE AMENDMENTS DELHI ■ Section 8 – in sub-section (1), for the words “a city or town”, the words “a city or town or part thereof” shall be substituted; w.r.e.f. 1-9-2011 – for sub-section (3), the following sub-section shall be substituted, w.r.e.f. 1-9-2011, namely:— “(3) The State Government may, by notification divide a metropolitan area into two or more such areas or extend or reduce or alter the limits of a metropolitan area: Provided that— (a)   the division of metropolitan area shall not be so made as to result in the population of any of the areas into which it has been divided being less than one million; and (b)   the reduction or alteration of metropolitan area shall not be so made as to reduce the population of such area to less than one million.”; – after sub-section (4), the following sub-section shall be inserted w.r.e.f. 1-9-2011, namely:— “(4A) Where any metropolitan area is divided under sub-section (3), the High Court may issue such directions as it deems fit with respect to the disposal of the proceedings pending immediately before such division before any Magistrate or court having jurisdiction in respect of such area.”—Vide Delhi Act No. 9 of 2011.

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Section 7 – Code of Criminal Procedure, 1973

Territorial divisions (1) Every State shall be a sessions division or shall consist of sessions divisions; and every sessions division shall, for the purposes of this Code, be a district or consist of districts : Provided that every metropolitan area shall, for the said purposes, be a separate sessions division and district. (2) The State Government may, after consultation with the High Court, alter the limits or the number of such divisions and districts. (3) The State Government may, after consultation with the High Court, divide any district into sub-divisions and may alter the limits or the number of such sub-divisions. (4) The sessions divisions, districts and sub-divisions existing in a State at the commencement of this Code, shall be deemed to have been formed under this section.

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Section 6 – Code of Criminal Procedure, 1973

Classes of Criminal Courts Besides the High Courts and the Courts constituted under any law, other than this Code, there shall be, in every State, the following classes of Criminal Courts, namely :— (i)   Courts of Session ; (ii)   Judicial Magistrates of the first class and, in any metropolitan area, Metropolitan Magistrates ; (iii)   Judicial Magistrates of the second class ; and (iv)   Executive Magistrates.

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