- What is Para 26(6) and who can opt for it? - What are the benefits of opting for Para 26(6)? H2: How to Apply for Joint Declaration Under Para 26(6) of the EPF Scheme, 1952? - Step 1: Fill up the application form and attach the required documents - Step 2: Submit the application form to the Regional EPF Commissioner - Step 3: Wait for the approval and confirmation from the EPFO H2: How to Download Joint Declaration Under Para 26(6) of the EPF Scheme, 1952 PDF? - Option 1: Download from the official website of EPFO - Option 2: Download from the links provided by other sources - Option 3: Download from the email or SMS sent by the EPFO H2: How to Fill Up Joint Declaration Under Para 26(6) of the EPF Scheme, 1952 PDF? - Section A: Details of the employee - Section B: Details of the employer - Section C: Declaration by the employee and the employer H2: How to Submit Joint Declaration Under Para 26(6) of the EPF Scheme, 1952 PDF? - Option 1: Submit online through the EPFO portal - Option 2: Submit offline through post or courier - Option 3: Submit in person at the nearest EPFO office H2: FAQs on Joint Declaration Under Para 26(6) of the EPF Scheme, 1952 PDF - Q1: What is the difference between Para 26(6) and Para 11(3)? - Q2: What are the documents required for joint declaration under Para 26(6)? - Q3: How long does it take to process joint declaration under Para 26(6)? - Q4: How can I check the status of my joint declaration under Para 26(6)? - Q5: What are the consequences of not opting for joint declaration under Para 26(6)? Table 2: Article with HTML formatting What is Joint Declaration Under Para 26(6) of the EPF Scheme, 1952?
If you are an employee in India, you must be familiar with the Employees' Provident Fund (EPF), which is a mandatory savings scheme that provides retirement benefits to you and your dependents. But did you know that you can also opt for a higher contribution rate and a higher pension amount under a special provision called Para 26(6) of the EPF Scheme, 1952? In this article, we will explain what is joint declaration under Para 26(6), how to apply for it, how to download and fill up the PDF form, and how to submit it to the EPFO. We will also answer some frequently asked questions on this topic.
joint declaration under para 26(6) pdf download
What is Para 26(6) and who can opt for it?
Para 26(6) of the EPF Scheme, 1952 is a provision that allows an employee and an employer to jointly declare that they want to contribute to the EPF on a higher salary than the statutory limit. The statutory limit is Rs.15,000 per month as per the current rules. This means that if your basic salary is more than Rs.15,000 per month, you can choose to contribute on your entire salary or any amount above Rs.15,000 per month, instead of only on Rs.15,000 per month.
This option is available to any employee who is not an excluded employee as per para 2(f) of the EPF Scheme, 1952. An excluded employee is one who has a basic salary of more than Rs.15,000 per month at the time of joining the service or who has withdrawn his or her entire provident fund accumulations on retirement or resignation.
What are the benefits of opting for Para 26(6)?
The main benefit of opting for joint declaration under Para 26(6) is that you can increase your provident fund savings and your pension amount. By contributing on a higher salary, you can accumulate more corpus in your provident fund account, which will earn higher interest and grow faster. You can also get a higher pension amount from the Employees' Pension Scheme (EPS), which is a part of the EPF scheme. The EPS contribution is 8.33% of your salary, subject to a maximum of Rs.1,250 per month. By opting for joint declaration under Para 26(6), you can increase this limit and get a higher pension amount based on your higher salary.
Another benefit of opting for joint declaration under Para 26(6) is that you can avail tax benefits on your higher contributions. The EPF contributions are eligible for deduction under Section 80C of the Income Tax Act, 1961, up to a limit of Rs.1.5 lakh per year. By contributing more than the statutory limit, you can save more tax on your income.
How to Apply for Joint Declaration Under Para 26(6) of the EPF Scheme, 1952?
If you want to opt for joint declaration under Para 26(6), you need to follow these steps:
Step 1: Fill up the application form and attach the required documents
The first step is to fill up the application form for joint declaration under Para 26(6), which is available on the official website of EPFO or from the links provided by other sources. You can also download the PDF form from the email or SMS sent by the EPFO after you register on their portal. The form has three sections: Section A for details of the employee, Section B for details of the employer, and Section C for declaration by the employee and the employer.
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You need to fill up all the details in the form, such as your name, date of birth, gender, UAN, PF account number, Aadhaar number, PAN number, mobile number, email ID, address, etc. You also need to mention your current salary and the salary on which you want to contribute to the EPF. You need to sign and date the form and attach a copy of your Aadhaar card and PAN card along with it.
Step 2: Submit the application form to the Regional EPF Commissioner
The next step is to submit the application form along with the documents to the Regional EPF Commissioner of your jurisdiction. You can submit it online through the EPFO portal or offline through post or courier or in person at the nearest EPFO office. You need to mention your UAN and PF account number on the envelope and write "Application for Joint Declaration Under Para 26(6) of EPF Scheme, 1952" on it.
Step 3: Wait for the approval and confirmation from the EPFO
The final step is to wait for the approval and confirmation from the EPFO regarding your joint declaration under Para 26(6). The EPFO will verify your details and documents and process your application within 15 days. You will receive an email or SMS from the EPFO confirming your joint declaration under Para 26(6) and informing you about the revised contribution rate and pension amount. You can also check the status of your application online through the EPFO portal or by calling their toll-free number.
How to Download Joint Declaration Under Para 26(6) of the EPF Scheme, 1952 PDF?
If you want to download joint declaration under Para 26(6) PDF form, you have three options:
Option 1: Download from the official website of EPFO
The easiest way to download joint declaration under Para 26(6) PDF form is from the official website of EPFO. You need to visit and click on "Forms" under "Our Services" section. Then you need to click on "Employees' Provident Fund Scheme" and select "Form No.11 (Revised)" from the list. You will see a link to download joint declaration under Para 26(6) PDF form at the bottom of the page. You can click on it and save it on your device.
Option 2: Download from the links provided by other sources
Another way to download joint declaration under Para 26(6) PDF form is from the links provided by other sources, such as blogs, websites, forums, etc. that offer information and guidance on EPF related matters. You can search for these sources on the internet using keywords like "joint declaration under Para 26(6) PDF download", "joint declaration under Para 26(6) PDF form", "joint declaration under Para 26(6) form download", etc. You will find many links that will direct you to the PDF form or provide you with a download option. However, you need to be careful and verify the authenticity and accuracy of these sources before downloading the form from them.
Option 3: Download from the email or SMS sent by the EPFO
The third way to download joint declaration under Para 26(6) PDF form is from the email or SMS sent by the EPFO after you register on their portal. You need to visit and click on "Register" under "Important Links" section. You need to enter your details, such as UAN, mobile number, email ID, etc. and create a password. You will receive an email or SMS from the EPFO with a link to download joint declaration under Para 26(6) PDF form. You can click on it and save it on your device.
How to Fill Up Joint Declaration Under Para 26(6) of the EPF Scheme, 1952 PDF?
If you want to fill up joint declaration under Para 26(6) PDF form, you need to follow these steps:
Section A: Details of the employee
In this section, you need to enter your personal and professional details, such as your name, date of birth, gender, UAN, PF account number, Aadhaar number, PAN number, mobile number, email ID, address, etc. You also need to enter your current salary and the salary on which you want to contribute to the EPF. You need to sign and date this section.
Section B: Details of the employer
In this section, you need to enter your employer's details, such as their name, address, establishment code, PF account number, email ID, etc. You also need to enter their consent for your joint declaration under Para 26(6). They need to sign and date this section.
Section C: Declaration by the employee and the employer
In this section, you need to read and agree to the declaration by the employee and the employer regarding your joint declaration under Para 26(6). The declaration states that you and your employer are aware of the implications of opting for joint declaration under Para 26(6), such as higher contribution rate, higher pension amount, higher tax liability, etc. It also states that you and your employer are responsible for any discrepancy or error in the information provided in the form. You and your employer need to sign and date this section.
How to Submit Joint Declaration Under Para 26(6) of the EPF Scheme, 1952 PDF?
If you want to submit joint declaration under Para 26(6) PDF form, you have three options:
Option 1: Submit online through the EPFO portal
The easiest way to submit joint declaration under Para 26(6) PDF form is online through the EPFO portal. You need to visit and log in with your UAN and password. You need to click on "Manage" under "Online Services" section and select "Joint Declaration Under Para 26(6)" from the drop-down menu. You need to upload your scanned copy of joint declaration under Para 26(6) PDF form along with your Aadhaar card and PAN card. You need to click on "Submit" and wait for the confirmation message.
Option 2: Submit offline through post or courier
Another way to submit joint declaration under Para 26(6) PDF form is offline through post or courier. You need to print out your filled up joint declaration under Para 26(6) PDF form along with your Aadhaar card and PAN card. You need to send them by registered post or courier to the Regional EPF Commissioner of your jurisdiction. You need to mention your UAN and PF account number on the envelope and write "Application for Joint Declaration Under Para 26(6) of EPF Scheme, 1952" on it.
Option 3: Submit in person at the nearest EPFO office
The third way to submit joint declaration under Para 26(6 PDF form is in person at the nearest EPFO office. You need to visit the EPFO office with your original and photocopy of joint declaration under Para 26(6) PDF form along with your Aadhaar card and PAN card. You need to submit them to the concerned officer and get a receipt for your submission.
FAQs on Joint Declaration Under Para 26(6) of the EPF Scheme, 1952 PDF
Here are some frequently asked questions on joint declaration under Para 26(6) PDF form:
Q1: What is the difference between Para 26(6) and Para 11(3)?
A1: Para 26(6) and Para 11(3) are both provisions that allow an employee and an employer to contribute to the EPF on a higher salary than the statutory limit. However, there are some differences between them:
Para 26(6) is applicable to any employee who is not an excluded employee as per para 2(f) of the EPF Scheme, 1952, whereas Para 11(3) is applicable only to those employees who joined the service before September 1, 2014 and have a basic salary of more than Rs.15,000 per month.
Para 26(6) requires a joint declaration by the employee and the employer, whereas Para 11(3) requires only a declaration by the employee.
Para 26(6) allows the employee and the employer to choose any salary above Rs.15,000 per month for contribution, whereas Para 11(3) allows only the actual salary or Rs.15,000 per month, whichever is lower, for contribution.
Para 26(6) can be opted for at any time during the service, whereas Para 11(3) can be opted for only within six months of joining the service or within six months of crossing the salary limit of Rs.15,000 per month.
Q2: What are the documents required for joint declaration under Para 26(6)?
A2: The documents required for joint declaration under Para 26(6) are:
Joint declaration under Para 26(6) PDF form duly filled and signed by the employee and the employer.
Aadhaar card of the employee.
PAN card of the employee.
Q3: How long does it take to process joint declaration under Para 26(6)?
A3: It usually takes about 15 days to process joint declaration under Para 26(6) after submitting the application form and documents to the EPFO. However, it may vary depending on the workload and efficiency of the EPFO office.
Q4: How can I check the status of my joint declaration under Para 26(6)?
A4: You can check the status of your joint declaration under Para 26(6) online through the EPFO portal or by calling their toll-free number. You need to enter your UAN and PF account number to check the status online or provide them to the customer care executive to check the status over phone.
Q5: What are the consequences of not opting for joint declaration under Para 26(6)?
A5: If you do not opt for joint declaration under Para 26(6), you will miss out on the benefits of contributing to the EPF on a higher salary, such as higher savings, higher pension, and higher tax benefits. You will also have a lower corpus in your provident fund account and a lower pension amount from the EPS. You will also have to pay tax on your interest income from your provident fund account if it exceeds Rs.50,000 per year.
Conclusion
In this article, we have explained what is joint declaration under Para 26(6) of the EPF Scheme, 1952, how to apply for it, how to download and fill up the PDF form, and how to submit it to the EPFO. We have also answered some frequently asked questions on this topic. We hope that this article has helped you understand this provision better and enabled you to opt for it if you are eligible and interested. If you have any doubts or queries regarding this topic, you can contact your employer or the EPFO for further assistance. 44f88ac181
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