Employees provident Fund

EPF is a retirement benefit option available to salaried individuals. The objective of EPF is that it is an investment option for salaried employees that helps salaried employees after retirement. Every entity with 10 or more employees shall mandatorily register under EPF. Any entity can also voluntarily go for EPF scheme. Under Employee provident fund scheme, 12% of basic salary is contributed by employee and other 12% is contributed by employer, Therefore total 24% is contributed every month. The Universal Account number (UAN) is allotted to every member registered under EPF, UAN will act as an umbrella for the multiple Member Ids allotted to an individual by different establishments and also remains same through the lifetime of an employee. You can register your entity to EPF organization through us.