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Want to know more about Finance Plus?
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2012
Start with a small service
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2013
Website Design, Seo Makerting Online
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2014
Developer WordPress Themeforest.net
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Employee Provident Fund
The Employee’s Provident Fund (EPF) is most popular saving move for Indians salaries people its saving for the retirement. Amount in PF is maintained by the Employee’s Provident Fund Organization of India (EPFO)
Employee Provident Fund is applicable to :- Every establishment which is engaged in any one or more of the industries specified in Schedule I of the Act or any activity notified by Central Government in the Official Gazette.
- Employing 20 or more persons.
- Cinema Theatres employing 5 or more persons.
Benefits Of Employees' Provident Fund (EPF) Registration
Pension
Employee’s Provident Fund (EPF) is a retirement benefit scheme that’s available to all salaried employees. EPF has traditionally popular mode for most Indians for retirement plan.
Funds Withdraw
Member can withdraw fund which get accumulated in PF accounts with interest for retirement, resignation and death. Even partial withdrawal is allowed like for house construction, marriage, illness etc.
Death
After death of member , Provident Fund Amount is given to Family members of the employees.