Provident Fund (PF) is one of the primary savings platforms in India for individuals working in Government, Private, or Public sector organizations. It is managed by the Employees Provident Fund Organization (EPFO) of India. Registration is mandatory within one month of hiring the 20th employee, ensuring social security for employees.

What is Provident Fund (PF)?

Provident Fund is an employee benefit scheme implemented by the Government to provide financial stability and security. It offers several benefits to employees, such as:

• Medical assistance.
• Retirement support.
• Children’s education.
• Insurance benefits.
• Housing assistance.

Contribution to EPF

EPF contributions are made jointly by the employer and the employee as follows:

• Employee’s Contribution: 12% of their salary is deducted by the employer.
• Employer’s Contribution: Matches the employee’s contribution by depositing 12%.
  Both contributions are deposited with the EPFO to build a secure financial future for employees.

Benefits of Contributing to EPF

• Employer contributions to PF are tax-free.
• The accumulated amount, including interest, is tax-exempt on withdrawal after a specific period.
• Organizations can also voluntarily register under PF laws to provide enhanced benefits to employees.
• PF contributions ensure long-term savings for employees and boost employee satisfaction.

Note: Delayed registration of EPF may attract penalties, so it is crucial to register on time.

Why Choose My File Tax for Your EPF Registration?

At My File Tax , we specialize in hassle-free EPF registration for businesses. Our team of highly qualified professionals, including CA, CS, and legal experts, ensures seamless service delivery.

Our Services Include:

• EPF (Employee’s Provident Fund) Registration.
• Startup Advisory.
• Secretarial Compliance Services.
• PAN/TAN Application.
• ESI Registration.
• GST Registration.
• Trademark Registration.
• GST/Income Tax Return Filing.