Human Resource is the prime asset of any organization and managing them efficiently has become the important function nowadays. Thus, the welfare of employees has to be kept at top priority. And the most important step towards such program is registering employees under Employee Provident Fund which provides social and financial security after reaching the age of superannuation.

Benefits of EPF

Earlier this registration was being done manually by visiting the organization. But now it can be easily done online. An important investment plan for future needs has been made mandatory by the government for the employees drawing a basic salary less than Rs. 15000/-. The fund accumulated would be tax-free and if withdrawal is being made after 5 years of registration then the maturity amount with interest will also be treated as the tax-free income. The contribution also helps employees by facilitating to withdrawal partial amount for expenses like house construction, daughter's wedding, in the case of critical illness, higher education etc. Thus, it is very important to contribute towards this fund for both employer and employee.


PMRPY Scheme

The Pradhan Mantri Rojgar Protsahan Yojana (PMRPY) aims to incentivise those employers who are registered with the Employees’ Provident Fund Organization (EPFO) in order to create jobs. Apart from paying the 8.33 percent towards the contribution of employees EPS, for the textile industry, the government also intends to pay 3.67 percent towards the Employees Provident Fund for the eligible employers of new employees. The scheme serves two purposes; one, it encourages job creation by the employers by incentivising them, and on the other hand, gets a large number of workers find jobs. One major benefit to these workers is the access to social security benefits in these organized sectors.

Avail the Benefits Under the PMRPY Scheme

The establishment must be registered under the EPF Act 1952 with EPFO and a valid Labour Identification Number (LIN)
The Company or business must have a valid bank account and have the details of the gateway through which the payments are made to the establishment
A new employee would be one who has not been working regularly in an EPFO registered organization prior to April 1, 2016. This is determined by the allocation of a new Aadhaar linked Universal Account Number on or after April 1, 2016. If the employee does not have a new UAN, the employee can facilitate this through the Employee Provident Fund Organization portal.
The target of the PMRPY are workers earning wages less than INR 15000 per month and hence, the new employees who earn more than INR 15000 monthyly, do not qualify for this scheme
All the new employees can be covered if they meet the necessary conditions in a new establishment that is registered after April 1, 2016

Duration of the PMRPY scheme

The Pradhan Mantri Rojgar Protsahan Yojana is scheduled to be in operation for a span of three years. The Government of India will however continue to contribute towards the EPS at 8.33 percent, which the employer is to make for the next three years. Therefore, all the eligible new employees will be covered under the scheme till the year 2019-2020.

Services provided by us:

Online Registration for PF code
We undertake online submission of PF claim
We undertake E-Nomination for employees in PF
Submitting all necessary documents on timely basis like Nomination Form (F-2), Declaration Form.
Preparing, checking and submitting challans on timely basis.
Providing day to day consultancy on matters pertaining to EPF, pension scheme & EDLI scheme
We shall process and submit P.F. Withdrawal forms and follow up for the same (For left employees).
We undertake Transfer related Submission also (Online transfer)
Assistance to employees of establishment in claiming Pension
Assistance to employees in claiming/obtaining superannuation pension.
Assistance to employees to submit online transfer forms, track claim status
UAN & Passbook Generation, Guidance in UAN Activation and Seeding of KYC
Digital Signature Activation and Registration
Online availability of Monthly Returns, Challans & Correspondence as per your need.
Regular visit and correspondence with the PF department
Maintain cordial relation with concerned PF Officials
Replying to Show Cause Notices issued under EPF Act
Assistance at the time of inspections and enquiries conducted by the Inspector.
Timely updation and proper Guidelines, if any changes in Act or rules