WHAT IS EPF or PF?
The Employees Provident Fund or EPF is a retirement saving scheme supplied via way of means of the authorities for all salaried personnel in India, on which constant hobby is often paid.
The Employee Provident Fund is a prerequisite given via way of means of the business enterprise to their personnel over and above their simple remuneration – Online PF consultant in India.
WHY EPF REGISTRATION FOR EMPLOYER?
PF Registration is obligatory for all of the agencies which have 20 or greater personnel. Such agencies are required to make a contribution a hard and fast quantity in the direction of Employee Provident Fund out of worker profits and wages.
If a business enterprise fails to get EPF business enterprise registration, or indulges in fake illustration of statistics to keep away from PF price, he will be accountable for a penalty of INR 5,000/-.