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PROVIDENT FUND REGISTRATION

Employees Provident Fund EPF is a scheme covered under the Employees Provident Fund and Miscellaneous Provisions Act 1952 It is regulated under the Employees Provident Fund Organization EPFO PF registration is applicable for all establishments with 20 or more employees PF registration can also be obtained voluntarily by establishments having less than 20 employeesThe PF contribution paid by the employer is 12 of basic salary dearness allowance retaining allowance An equal contribution is payable by the employee In case of establishments which engage less than 20 employees or meet certain other conditions as per the EPFO rules the contribution rate for both employee and the employer is restricted to 10 For most employees working in the private sector its the basic salary on which the contribution is calculatedIt is obligatory that employees drawing less than Rs 15000 per month to become members of the EPF As per the rules in EPF employee whose pay is more than Rs 15000 per month at the time of joining is not required to make PF contributions Also an employee who is drawing a pay of more than Rs 15000 can still become a member with permission of Assistant PF Commissioner and with the consent of the EmployerThe UAN Universal Account Number is a 12digit unique number that has been allotted to every PF member by EPFO Before the introduction of the UAN employees were inconvenienced by the fact that they had to keep shifting their accounts when they shift organizations but now the UAN controls all PF accounts of an employee and it can be functioned as one accountIf you want to apply for Provident Fund Registration in India LegalRaj is the best online platform which provides this service at affordable cost LegalRaj Professionals having Expertise in your required service will fill up Application form for you You just have to send us the required documents so that our experts can consult to you properly and can discuss for other PF related issues if anyApply Online.

Niharika Patil

@ laywer ,cs | Posted 07 Feb, 2019 | Others

Posted By: Niharika Patil (Posted 07 Feb, 2019)

PROVIDENT FUND REGISTRATION


Employees Provident Fund (EPF) is a scheme covered under the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952. It is regulated under the Employees’ Provident Fund Organization (EPFO). PF registration is applicable for all establishments with 20 or more employees. PF registration …

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Aayushi Sharma

 PROVIDENT FUND REGISTRATION must for every employee