About This Plan
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.
- PF Registration is mandatory for all companies that have more than 20 employees
- Get it done without any complications
- Expert legal consultation assured
- Drafting documents
- Filing of forms with Authorities
- Issue of PF allotment letter
- Documented Follow-up
- Business hours -CA support
Who Should Buy
- Any business entity employing 20 or more employees
How It's Done
- Purchase of plan
- Upload documents on Vault
- Drafting of documents
- Submission of documents and application with Department
- Receipt of Registration letter
Besides the contribution of the employee to EPF, the employer adds an equal amount which is inclusive of Employee Pension Scheme (EPS). Therefore, EPF saves you a robust pension.
Cover Of Risk
In case of instances like illness, demise or retirement, Provident Fund helps the dependents of the employee by covering the financial risks they face in such situations.
Single Account/One EPF Account
The PF account can be transferred while switching jobs. Universal Account Number(UAN) linked to the Aadhar will start to facilitate the linking of the previous accounts. It can be carried forward to the new employer instead of being closed down. This uniformity ensures that the rate of return is compounded over the years.
Emergencies are bound to happen at any point of time in life. EPF amount can be of great help during mishaps, illnesses, weddings and educational expenses. Employee can make claims online.
Employee Deposit Linked Insurance Scheme
Any person who has PF account is eligible for this insurance scheme that requires only 0.5 % of the salary deduction as premium.
The PF account can be extremely helpful for long-term goals like buying a property or setting up a fund for children.
Documents To Be Submitted
- Rent Agreement Of Your Registered Office
- No Objection Certificate From The Owner Of The Property Of The Property
- Ownership Proof
- Incorporation Certificate
- Suppporting Documents
- Address Proof
You can purchase this plan in below price.
Frequenty Asked Questions
Any entity, be it a government office, public sector or private sector entity which has 20 or more employees needs to get registered with the PF Department. The application must be filed within one month of reaching the employee count of 20. Where the employer wishes to provide the provident fund benefit to his/her employees, he may voluntarily apply for registration.
Usually the entire process takes a weeks time. Depending on the work load with government department the process might take longer time. Make sure that you keep the required documents ready so that we can complete the entire process in least time.
The limit of 20 includes all permanent, semi permanent and other contract employees like housekeeping, security or other contractual workers in the business.