PF registration is applicable for all organizations which employ 20 or more employees.
An important tool to aid in saving the workforce is EPF or Employees' Provident Fund. EPFO or Employees' Provident Fund Organization of India manages the provident fund of employees under the Employees' Provident Fund and Miscellaneous Provisions Act, 1952. Once an establishment employs 20 or more people, it becomes mandatory for the organization to obtain PF registration. The total contribution to the PF fund is 12% of the basic salary plus DA plus retaining allowance by both the employee and the employer.
My Financial Advisory is the best legal service platform in PF registration in Delhi, India provides various registration services like GST Registration, FSSAI Registration, Professional Tax Registration, TAN Registration, MSME Registration, ESI Registration, IEC Code, Digital Signature, Business . License to name a few.
My Financial Advisory will help you register PF from the comfort of your home, providing you with very technical and personalized services.
Employees' Provident Fund or PF-Provident Fund is a retirement savings scheme provided by the government for all salaried employees in India, on which fixed interest is paid regularly.
Provident fund is a perquisite given by the employer to his employees over and above their basic remuneration.
In addition to the employee's contribution to EPF, the employer adds a similar amount which includes Employees' Pension Scheme (EPS). Hence, EPF saves you a strong pension.
In case of instances like illness, death or retirement, provident fund helps the dependents of the employee to cover the financial risks faced in such situations.
PF accounts can be transferred while changing jobs. Universal Account Number (UAN) linked with Aadhaar will be launched to facilitate linking of previous accounts. Instead of closing it, it can be taken to the new employer. This uniformity ensures that the rate of return is compounded over the years.
Emergencies are bound to happen at any point in life. EPF amount can be of extraordinary assistance during mishaps, sicknesses, weddings and instructive costs. Employees can claim online.
Any individual having a PF account is qualified for this protection conspiracy which requires just 0.5% of compensation derivation as premium.
A PF account can be amazingly useful for long haul objectives like purchasing a property or setting up an asset for youngsters.
Provident fund can be an incredible help, security and confirmation for the workers as it gives a feeling of monetary security to the representatives. It is regulated by Employees' Provident Fund Organization (EPFO), which is one of the most famous and largest social security organizations in India. They handle large amounts of financial transactions on a daily basis. The method involved with applying for an opportune asset is additionally not a troublesome undertaking as long as you have an expert to take care of you sort things.
At My Financial Advisory, we guarantee that you will not have to go through the legal implications of registering for PF. Once we get the required information and documents, our experts fill the form accurately and submit it on time. Our team takes the responsibility of follow-up and provides you with your PF number as soon as possible.