One of the best consultancy for business registration. Their approach and support throughout the process help me to register my business easily.
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Excellent completion and timely delivery of service
This is magesh, HR HEAD in Nordic India, we have approached Maxpro Tax Solution for GST and ESI and EPF service, they providing best service for us thanks for transparent service and timely response.
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We took the services of M/s Pratique CFO for our GST returns' filing and found them to be very efficient. On my request they are ready to work even late in night. Very dependable n trustworthy people. I highly recommend there services.
Provident fund is just like a savings scheme for employees where the small portion of the salary amount will be contributed to the account and lump sum of amount will be given at the time of exit from the current working company. PF accounts are managed by Employees' Provident Fund Organisation which is shortly called as EPFO which manages Provident Fund Scheme, a Pension Scheme, and an Insurance Scheme, etc., Minimum part of a salary is being saved for the PF scheme. Here both employer and employees have to contribute.
What is the PF percentage deducted for future savings?
12% of PF Wages from both employee and employer is determined for employee retirement savings. This twelve percentage of amount deducted only from your basic salary amount.
What is the percentage amount deducted from both employee and employer?
Employees/working people give their 12% contribution whereas employer give 8.33% for Pension Fund & remaining 3.67% goes to Provident Fund.
EPFO website is available for your PF services and withdrawal and another requirement. https://unifiedportal-mem.epfindia.gov.in/ where one has to register with UAN (Universal Account Number). On the successful registration of the EPFO portal, the activation verification process takes up to 6 hours.
What is ESIC?
Employee State Insurance Corporation is an autonomous firm and a self-financing company for Indian workers runs under the Ministry of Labour and Employment, Government of India.
What are the documents required for PF registration?
What are the types of PF withdrawal?
What is UAN?
UAN stands for Universal Account Number assigned by EPFO. With this UAN, one can look into their member identification numbers. A person can have only one unique UAN but many PF account numbers.
What is EPFO?
Employees' Provident Fund Organisation - An organization dealing with Provident Fund Scheme, a Pension Scheme and Insurance Scheme, it was formed under the Employees' Provident Fund and Miscellaneous Provisions Act, 1952.
Want to clarify the doubts and need to withdraw your PF money for medical emergencies or retirement or other needs, consult ESI and PF consultants via Sulekha.com where you can obtain the list of verified professionals assist you to accomplish all those things.