What is PF Registration?
PF registration means registering a company with the Employees' Provident Fund Organisation (EPFO). After registration, the company can provide Provident Fund (PF) benefits to its employees. PF is a saving scheme where a small part of the employee’s salary is saved every month for their future. The company also adds an equal amount to this fund.
Why is PF Registration Important for Employees?
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Retirement Savings:
PF helps employees save money for their retirement, so they don’t face financial problems later. -
Emergency Fund:
Employees can withdraw money from their PF account in emergencies like medical needs, education, or home purchase. -
Employer Contribution:
The employer also adds to the PF account, so employees get extra savings without doing anything. -
Insurance Benefit:
With PF registration, employees get insurance coverage under the Employee Deposit Linked Insurance (EDLI) Scheme. -
Job Security:
It shows that the company follows government rules, which builds trust among employees.
How Corporate Seva Kendra Helps
Corporate Seva Kendra, a professional CA firm, helps businesses with easy and quick PF registration in Delhi. From document collection to online application and compliance support, we take care of everything so your business stays legal and your employees stay happy.