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The Employer
has the responsibility of paying the contributions for
each and every Employee.
Form C
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download here
Note:
The Employer is not absolved from this responsibility on
the grounds of the Employee’s unwillingness to
contribute. |
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Calculation of the contribution |
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Employee’s contribution |
8% of
the total monthly earnings
(To be deducted from the Employee’s Salary/Wage) |
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Employer’s contribution |
An
amount equivalent to 12% of the total monthly
income of the Employee
(To be paid totally by the Employer) |
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Total contribution per Employee |
20%
of the Employee’s total monthly earnings |
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The total
amount (20%) should be remitted to :
The
Superintendent,
Employee’s Provident Fund,
Central Bank,
Sri Lanka.
Before the last working day of the month, immediately
following the month for which the payments should be
made. |
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Total earnings per Employee |
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The total
earnings should include the following - |
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Salary, Wages
or Fees |
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Cost of
Living allowance, Special Living allowance and other
similar allowances |
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Payment with
respect to holidays |
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The cash
value of cooked or uncooked food supplied by the
Employer to the Employee (The determination of such
values will eventually be made by the Commissioner of
Labour) |
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Food
allowance |
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Any other
kinds of remuneration that may be specified |
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Payments in
the form of discounts (commissions), piece-rate payments
and contract basis payments |
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Payment of contributions |
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Obtain 3
copies of “Form-C” (issued free) from the nearest Labour
Office or download from the EPF website.
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Fill the
“Form-C(s)” in triplicate |
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The original
and a copy should be submitted to the Collection counter
of the EPF at the 2nd Floor of the Ceylinco House in
Fort with a cheque written in favor of the “The
Superintendent, EPF”. A receipt should be obtained and
should be kept for future reference |
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The second
copy should be forwarded to the nearest Labour Office |
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The third
copy should be filed for future reference |
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Note:
Always give the name of the member on the “Form-C / C3” |
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Important |
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If the number
of employees in the organization exceeds 150, monthly
contributions can be made using “Form-C1” and special
permission can be sought from the Commissioner of Labour
to send the particulars of the contributions for each
member once every six months using a “Form-C3”. |
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Contributions
sent without C Reports are not entered in the Employee’s
account and will lead to complications and penalties.
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Sending
through electronic media is encouraged for such
organizations as manual data entry may lead to
difficulties. |
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