Description
About the plan
Mandatory for organizations having employees 20 more, PF scheme is to help employees to save a small portion of their salaries for the future. Contribution to the fund is also a tax-saving option for people working in government departments, public or private sector. During the working life, both employer and the employee contribute to the fund on a 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 employee count reaches 20. Any delay may result in a penalty.
Services covered
- Drafting documents,
- Issuing of PF Code,
- Business hours – Expert Support
Documents required
- Business Constitution Certificate (Partnership Deed for Firms, Incorporation Certificate for Companies, etc.),
- Ownership proof of business registered place (Utility bills),
- Rent agreement of business registered place (For rented properties), and
- Employees details.
Time duration
- 2 weeks to complete (Estimated).
FAQs
- Is it mandatory for the employer to register under PF Scheme?
- Yes, it is the statutory responsibility of the employer to register the Factory/Establishment under the PF Scheme within 15 days from the day of its applicability.
- The employer is required to register mandatorily if the employee count is 20 or more.
- Also, the employer can get registered voluntarily even if the employee count is less than 20.
- Who is mandatorily required to register under PF?
- Any entity employing 20 or more employees is required to register under PF.
- What is the contribution rate to the PF?
- Employers & employees, both need to deposit @12% of the basic salary under the PF scheme.
- What is the rate of interest of EPF?
- The interest rate is 8.5%.
- Comparing to others deposits, this rate is high, that’s the benefit of the PF scheme.
Why Our Clients Trust Us
100% Money back guarantee
You're protected by 100% Money Back Guarantee Program*
Lifetime support as premium client
We are always here for you, just contact us
Maximise your tax savings
Save your GST & Income Tax with us
Compliances with 100% accuracy
Accuracy is like red blood cells in the blood of Indtaxes
Unparalleled speed at best prices
We stick to our estimated time and prices
Why our clients love us
100% Money back guarantee
Our top priority is client satisfaction. Every client associated with Indtaxes is completely protected by our 100% Money Back Guarantee Program*.
Lifetime support as premium client
If you have any query just call us at +91 9310 223 187 or email us at support@indtaxes.in or you can live chat also. We are always here for you.
Maximise your tax savings
Businesses save on an average 5 – 10% of their GST liabilities with Indtaxes. Individuals save upto ₹ 86,500 by filing their ITRs with Indtaxes.
Compliances with 100% accuracy
Accuracy is like red blood cells in the blood of Indtaxes. We believe in providing error-free professional and financial services with the guarantee of satisfaction.
Unparalleled speed at best prices
We provide estimated time and best prices, and we are stick to it. As per our latest survey, 94% of our clients have confirmed this fact.
What our clients say
220+ client’s reviews with Google 4.9 ratings
-
10+ Services Covered
-
Monthly expert visit
-
220+ 5 star reviews
What our clients say
220+ client’s reviews with Google 4.9 ratings
• 10+ Services Covered
• Monthly expert visit
• 220+ 5 star reviews
INTRODUCING
All in One Packages
Group of services combined together to fulfill all your needs
Business Starter
Package
Everything you need to start business & to comply with GST, Income Tax, TDS & Compliances, now in one package.
Learn More
eCommerce Sellers
Package
Specially designed for ecommerce sellers, everything you need from registering your business to filing ITRs, in one packge.
Learn More
Influencers & Freelancers Package
Just focus on making income & let us handle your compliances.
Learn More
Business Growth
Package
These packages are specially prepared for businesses which are already running and want to use iTaxes packages.
Learn More
All in One Packages
Single package for all your needs
Business Starter Package
Everything you need to start business & to comply with GST, Income Tax, TDS & Compliances, now in one package.
Learn MoreE commerce Sellers Package
Specially designed for ecommerce sellers, everything you need from registering your business to filing ITRs, in one packge.
Learn MorePackage for Freelancers, Influencers, Bloggers & Youtubers etc.
Just focus on making income & let us handle your taxes & compliances. All in one package has everything for eg. registrations, GST, ITR, accounting & much more.
Learn MoreBusiness Growth Package
These packages are specially prepared for businesses which are already running and want to use iTaxes packages.
Learn More
