Welcome!

This community is for professionals and enthusiasts of our products and services. Share and discuss the best content and new marketing ideas, build your professional profile and become a better marketer together.


0
Ms Anushka Upadyay
On 12/15/18, 9:07 AM
 PF Registration (Provident Fund Registration) is mandatory for all establishments with 20 or more employees. Some establishments having less than 20 employees would also be required to obtain PF Registration
 All employees become eligible for a PF right from the commencement of employment and the onus of deduction and payment of PF is with the employer. The 12% rate of PF contribution should be equally divided between the employee and the employer.  
  While 3.67% of the Employer contribution goes towards contribution of EPF (Employees Provident Fund), 8.33% of the Employer contribution goes to EPS (Employees Pension Scheme).
   If the establishment houses less than 20 employees, the rate of PF Deduction is 10%.  Hence it is advisable to consult a practicing Chartered Accountant  in India to advise on the same.

Keep Informed

About This Community

This community is for professionals and enthusiasts of our products and services. Share and discuss the best content and new marketing ideas, build your professional profile and become a better marketer together. Read Guidelines

Question tools

1 follower(s)

Stats

Asked: 12/15/18, 4:26 AM
Seen: 158 times
Last updated: 2/2/19, 1:22 AM