PF Consultants in Nagpur

FAQ - PF Consultants in Nagpur

• What is Provident Fund?

  It’s a kind of retirement scheme for all salaried employees. The minimum part of a salary is being saved for the PF scheme. Here both employers and employees have to contribute.

• What is the PF percentage deducted for future savings?

  12% of PF Wages from both employee and employer are determined for employee retirement savings. This twelve percent of the 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 employers give 8.33% for Pension Fund & the remaining 3.67% goes to Provident Fund.

• 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?

  • PAN Card
  • Cross Cancelled Cheque
  • Address Proof
  • Consent Letter
  • Employment Details

• What are the types of PF withdrawal?

  • PF final settlement
  • PF partial withdrawal
  • Pension withdrawal benefit

• 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, 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.