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Workers Provident Fund (EPF) is a plan constrained by the Employees' Provident Funds and Miscellaneous Provisions Act, 1952. It is controlled under the umbrella of Employees' Provident Fund Organization (EPFO). PF enlistment is material for all foundation which utilizes at least 20 people. PF enrollment can likewise be acquired willfully by foundations having under 20 representative.
The PF commitment paid by the business is 6% of (essential pay + dearness recompense + holding stipend). An equivalent commitment is payable by the worker. If there should arise an occurrence of foundations which connect under 20 workers or meet certain different conditions, according to the EPFO rules, the commitment rate for both representative and the business is confined to 10%. For most representatives working in the private segment, it's the fundamental compensation on which the commitment is determined.
It is mandatory that representatives' illustration not as much as Rs 15,000 every month, to end up individuals from the EPF. According to the rules in EPF, representative, whose 'essential pay' is more than Rs. 15,000 every month, at the season of joining, isn't required to make PF commitments. All things considered, a representative who is drawing a compensation of more than Rs 15,000 can even now turn into a part and make PF commitments, with the assent of the Employer.
PF Registration Basic Prices 7899 /-all inclusive fees
PF registration for businesses having less than 25 employees
PF Registration Standard Prices 14899 /-all inclusive fees
PF registration for businesses having less than 40 employees
PF Registration Premium Prices 24899 /-all inclusive fees
PF registration for businesses having more than 40 employees.
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