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EPF

EPF stands for Employees’ Provident Fund, which is a retirement savings scheme for employees in India. It is managed by the Employees’ Provident Fund Organisation (EPFO), under the Ministry of Labour and Employment, Government of India. The primary goal of the EPF is to ensure that employees save a portion of their salary during their working years, which can be used after retirement or in case of emergencies.

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How EPF Works:

  • The employee contributes 12% of their salary (basic + DA), and the employer contributes an equal amount (12%), a portion of which goes towards the Employees’ Pension Scheme.
  • The total contribution to the EPF account is the sum of both the employee’s and employer’s contributions, which is credited to the employee’s EPF account each month.
  • The accumulated amount grows over time with the interest paid by EPFO, and this balance is available for withdrawal or transfer when the employee leaves the organization or at the time of retirement.

Benefits of EPF

The firm’s wide-ranging proficiency allows it to serve both local and international clients, providing solutions tailored to diverse business needs, while also ensuring compliance with Indian laws and regulations..

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No.99/D, 2nd Cross, KHB Colony, 5th Block, Koramangala, Bengaluru – 560095
Call Us : +91 9880104346
We are open from Monday to Saturday
09.00 AM - 06.00 PM

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