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Showing posts from November, 2019

Employers Guide to EPFO Registration (PF Registration) - Enterslice

Functioning under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, Employees Provident Fund (EPF, or more popularly PF) is a program under the  jurisdiction  of Employees Provident Fund Organization, having its administrative command vested in the Ministry of Labour and Employment, Government of India. To brag about EPFO the least, it is one of the largest Social Security Organizations in the world, with respect to its customers’ base and the intensity of financial transactions harnessed. EPF Registration In defining terms, EPF is a part of the benefits package, which an employee is made entitled to during his/her service in a registered firm in the organized sector. Fundamentally, it is like a pension plan, a fixed sum of money that an ex-employee receives on a monthly basis upon the retirement and discontinuation of the salary.  Basic mathematics suggests that a small sum of money to deducted and deposited to EPFO by the employer after adding an