Are looking for PF registration? Chakraborty Consultancy can help you regarding PF registration for Employer or Company in just some click.
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.
PF Registration kolkata 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/-.
PF registration for Employer is obligatory if (follow this steps):-
The business enterprise has to achieve the registration within 1 month of reaching the power, failing which consequences could be relevant. A registered status quo remains beneath neath the purview of the Act even though the worker power falls beneath neath the desired minimum.
Central Government might also additionally practice the provisions to any status quo using much less than 20 personnel after giving now no longer much less than months’ note for obligatory registration. Where the business enterprise and majority of personnel have agreed that the provisions of this act ought to be made relevant to the status quo, they will themselves practice to the Central Provident Fund (PF) Commissioner.
The Central PF Commissioner might also additionally practice the provisions of this Act to that status quo after passing the notification withinside the Official Gazette from the date of such settlement or from any next date particular withinside the settlement. Some institutions having much less than 20 personnel might additionally be required to achieve PF registration however this is voluntary registration.
All the personnel could be eligible for a PF from the graduation in their employment and the duty of deduction & price of PF lies with the business enterprise. The PF contribution of 12% ought to be divided similarly among the business enterprise and worker. The business enterprise’s contribution is 12% of the simple profits. If the status quo has hired much less than 20 personnel, the PF deduction price could be 10%.
Chakraborty Consultancy best for providing PF & ESI Registration and monthly compliance deduction & Return filling. Fast Digital Signature / DSC registration firm all over India.
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