Banner Image

Know the Benefits of EPF for Employers

Online Legal India LogoBy Online Legal India Published On 07 Dec 2020 Updated On 11 Jan 2022 Category EPF

The government introduced employee's Provident Fund for the sole purpose of providing financial security to the employees in the wake of pandemics or ailment.

Under the Employees' Provident Funds and Miscellaneous Provisions Act, 1956, the Employees Provident Fund Organization (EPFO) launched the Employees Provident Fund (EPF) scheme for giving exclusive benefits to the employees of an organization.

Just as employees get numerous benefits from this scheme, the employers are also subject to receive a few perks. The whole concept of EPF registration was to improve the employer-employee relationship. It is duly serving its purpose.

EPF: Benefits for the Employer

 

  • Establishing bonding: Since the EPF is constituted with equal share by the employee and the employer, it creates a filial bonding between the two parties.
     
  • Tax Exemption: By contributing to the EPF scheme, employers get tax exemption under Section 80C of the Income Tax Act.
     
  • Recognition of Govt: As the employer signs up under the EPF scheme, the establishment includes the Employees Provident Fund Organisation, which serves as credibility for a company's recruits.
     
  • Government Contribution: The employer's contribution to EPF is reduced to 10% from 12% for non-government organizations if they have less than 100 employees and 90% of the employees draw a salary of Rs. 15,000 or less.

The EPF is perhaps the most convenient way to save money as a retirement plan. Since this scheme carries so many benefits for both employees and employers, more and more people register under the EPF scheme in India.

PF Registration is possible now through online mode. Online Legal India™ is here to do the needful on your behalf.

EPF Registration through Online Legal India™

 

Instead of wasting your energy by standing in the queue, it is highly recommendable to be in touch with India's own consumer protection platform Online Legal India™. Here, the specialized advocate panel and the legal advisors will provide a collaborative response to solve your issue. 

Besides completing EPF registration, our PF experts are going to guide you through PF return as well. Free all-around consultation and assistance. Registration under EPF was never so easy. Just upload all the necessary documents to our PF expert, and we'll do the rest. 

 

Find the article helpful? Share with others to spread EPF awareness among the people in need.

 

                                                                         

 


Share With :