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PF Registration

PF Registration

Market Price : Rs. 8,000

Offer Price : Rs. 5,600

Discount : Rs. 2,400 (30%)

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Call now on 7303632352 , 7906637828 For Free Consultancy by the Our Expert,

Drop a Mail on corporateverdict@gmail.com For Resolving Your Query

What is a PF?

Provident Fund (PF) is a government-managed retirement savings scheme for employees, aimed at providing financial security and stability during retirement. It is mandatory for organizations with 20 or more employees to participate in this scheme, governed by the Employees' Provident Funds and Miscellaneous Provisions Act, 1952.

Salient Features of a PF

  • Employee Contribution: Typically, 12% of the basic salary and dearness allowance is deducted from the employee's salary.

  • Employer Contribution: The employer also contributes an equal amount to the employee’s PF account.

  • Interest: The PF account earns a fixed interest rate set by the government annually.

  • Portability: The PF account is transferable across jobs, maintaining the same account number through the Universal Account Number (UAN).

  • Withdrawal: Employees can withdraw the accumulated PF balance upon retirement, or under specific conditions like unemployment, medical emergencies, or housing needs.

  • Tax Benefits: Contributions to PF are eligible for tax deductions under Section 80C of the Income Tax Act.

    Advantages of PF

    Retirement Savings: Provides a substantial corpus for retirement, ensuring financial security.

  • Tax Benefits: Contributions are eligible for tax deductions, and the accumulated amount is generally tax-free.

  • Insurance Benefits: Provides life insurance coverage under the Employee Deposit Linked Insurance (EDLI) scheme.

  • Loan Facility: Employees can take loans against their PF balance for specific purposes such as housing, medical emergencies, and higher education.

  • Social Security: Acts as a social security measure, aiding employees in times of need and after retirement.

Documents Required for Registration of PF

  • Employer’s Documents:

    • PAN card of the company.

    • Certificate of incorporation or partnership deed.

    • Address proof of the establishment (utility bill, rent agreement, or property documents).

    • Proof of business activity (shop and establishment certificate, GST registration, etc.).

    • Bank account details of the company.

    • Specimen signature of the authorized signatories.

  • Employee’s Documents:

    • Aadhaar card.

    • PAN card.

    • Bank account details with IFSC code.

    • Passport-size photograph.

Corporate Verdict: Your Partner in PF Registration

Corporate Verdict is a team of experienced professionals dedicated to assisting entrepreneurs in getting PF Registration effectively and affordably. We understand the complexities of the registration process and ensure a seamless experience for our clients. Our services include:

  1. Expert Consultation: Providing detailed guidance on the feasibility and benefits of PF Registration

  2. Documentation Assistance: Assisting in the preparation and filing of necessary documents.

  3. Compliance Support: Ensuring your Entity meets all regulatory requirements.

  4. Affordable Services: Offering cost-effective solutions without compromising on quality.

By choosing Corporate Verdict, you can rest assured that your PF registration will be handled efficiently, allowing you to focus on growing your business.

For more information or to start the registration process, visit our website or contact our team today!

Have any Questions?

If you have any questions about the PF Registration, feel free to contact us.

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