Provident Fund

Every government, private sector, public sector entity has to get registered
with Provident Fund Department on having 20 or more employees within
30days of crossing the limit. Both employer and employee then contribute
to the fund on monthly basis which is later used by employee on retirement.

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Every government, private sector, public sector entity has to get registered with Provident
Fund Department on having 20 or more employees within 30days of crossing the limit. Both employer and
employee then contribute to the fund on monthly basis which is later used by employee on retirement.

Provident Fund
Registration

  • Drafting documents
  • Filing of forms with authorities
  • Issue of PF allotment letter

Employees Provident Fund is a means to help employees get a financial cushion when they grow old. Contribution to the fund is also a tax saving option for people working in government department, public or private sector. During the working life both employer and the employee contribute to the fund on monthly basis which can be used later on retirement. It is mandatory for all entities to get registered with Provident Fund Department within a month as the employees count reaches 20. Any delay may result in a penalty.