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Employees Provident Fund [EPF] is a scheme under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. It is regulated under the purview of Employees’ Provident Fund Organisation (EPFO) which is one of the World’s largest Social Security Organizations in terms of clientele and the volume of financial transactions undertaken. Basically, EPF is normally like a benefit to an employee during the retirement provided by the organization. EPF registration is mandatory for organizations with total employee strength more than 20. It is created with the purpose to provide financial security and stability to employees.
Tax benefits
The interest earned on the Provident fund savings are tax-free and the contributions to the fund are deductible from salary.
Risk Cover
In case of instances like illness, demise or retirement, Provident Fund helps the dependents of the employee by covering the financial risks they face in such situations.
Savings
It aids savings for employees by maintaining a regular fund contribution from both employer and employees.
Coverage of Pension
Besides the contribution of the employee to EPF, the employer adds an equal amount which is inclusive of Employee Pension Scheme (EPS). Therefore, EPF saves you a robust pension.
Safety
The PF amount is safe and secure from any market variations and employees are assured a return on their principal amount.
Extended Goals
The PF account can be extremely helpful for long-term goals like buying a property or setting up a fund for children.
To be eligible for PF Registration, an organization has to fulfill the following criteria:
Every employee is eligible for PF right from the beginning of his employment. The responsibility of PF contribution and deduction is of the employer’s.
For Individual Identity proof:
For Individual address proof:
For Proprietorship/Partnership/LLP/ Company Address proof:
STEP-1 : EMPLOYER’S REGISTRATION
Registration under EPFO portal starts with registering an organization under Employer’s registration service. Go to EPFO official website https://epfindia.gov.in.
STEP-2 : REGISTER DSC
The employers who are already registered can login with their credentials i.e. with the Universal Account Number [UAN] and password. This instruction manual will explain the process of Employer Registration which is to be followed by registration of
STEP-3 : ESTABLISHMENT REGISTRATION
Complete the registration by completing the details of establishment in an application and submit the application. After Establishment registration, login by clicking Establishment Login for further compliances.
STEP-4 : REGISTRATION CERTIFICATE
Get PF registration certificate & Universal Account Number [UAN]
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All members of your sales team were courteous and feedback from each inspection was informative and i was kept in the loop at all times
Members of your sales team
NGO WORLDS is a one step solution for all the NGOs . I approach them when i was establishing my NGO. They understood NGOs all need, I wish Them Gud Luck !!
Members of your sales team
All members of your sales team were courteous and feedback from each inspection was informative and i was kept in the loop at all times
Members of your sales team
NGO WORLDS is a one step solution for all the NGOs . I approach them when i was establishing my NGO. They understood NGOs all need, I wish Them Gud Luck !!
Members of your sales team
We at NGO WORLDS Working an extensive Network and connections in the corporate world
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