Employers with 20 or more employees are generally eligible for EPF registration.
Let's Chat
Hotline: +91 8180992345
Get Your Free Tax Advisor Today and Save 10% on Your First Session Get Started
Let's Chat
The Employee Provident Fund (EPF) is a mandatory social security and retirement savings scheme in India. It is governed by the Employees' Provident Fund and Miscellaneous Provisions Act, 1952. Under the EPF scheme, both employers and employees make monthly contributions towards a fund that provides financial security and retirement benefits to employees.
Employers with 20 or more employees are generally eligible for EPF registration.
The contribution percentage for EPF is typically 12% of the employee's basic salary, with an equal contribution from the employer.
Once eligible, an employer cannot opt-out of EPF registration as long as the establishment meets the criteria.
EPF contributions are usually made on a monthly basis.
EPF is applicable to all eligible employees, including temporary and contractual workers.
Yes, employees can withdraw EPF for various purposes, including retirement, resignation, or emergencies.
UAN is a unique identification number assigned to each EPF member, facilitating easy tracking and management of their EPF accounts.
EPF contributions qualify for tax benefits under Section 80C of the Income Tax Act.
Yes, EPF accounts are portable, allowing employees to transfer their savings when changing employers.
Employers can check the EPF contribution status on the official EPFO portal using the Establishment Code Number.
At Taxperts Associates, our seasoned tax consultants bring unparalleled expertise to guide you through intricate tax landscapes. With a commitment to precision and personalized service, we empower clients to navigate financial complexities with confidence
