PF Benefits for Employees

PF Benefits for Employees 2020 – All about |Employees Provident Fund| |PF Benefits| |Benefits to Employees| |Advantage| |Disadvantage| |EPF Withdrawal Rules| |EPF Rules & Regulations|.

EPFO has said that the money of the provident fund is for social security and people should not use it as a bank account. The organization said that we want to tell all the members that if they are very important, then take complete clearance.

The account is that which is meant for the job profession. In this, your employer deposits a certain amount from your Basic Salary (currently 12% in current time) to PF account. This amount is determined by the government and the employer deposits it by adding 12% on its behalf. 8.33 percent of the employer’s percentage goes to the Employee Pension Scheme (EPS). In this, you get 8.65% interest on your investment. You can withdraw EPF money after leaving your current job or add it to your new job. For this, now every account holder gets the UAN number.

The retirement fund body introduced a composite form (Form 11) which will help in the process of automatic transfer of provident fund when changing jobs. Typically, both the employer and employee contribute 12 per cent of basic salary towards EPF. An employee’s 12 per cent contribution goes toward EPF kitty, while 8.33 per cent out of the total 12 per cent of the employer’s contribution is invested in EPS or pension scheme. The balance 3.67 per cent is invested in EPF.

Benefits to Increase Monthly Contribution in PF

According to the Employee Provident Fund Act, any member of the EPFO can increase his monthly contribution in PF. Every month PF’s basic salary and DA’s 12 percent employee’s contribution goes. The company’s contribution is only 12 per cent. Any employee can increase their monthly contribution. It can also be 100 percent of basic salary.

Investment period: 28 years

Monthly Contribution: 12%

Current Returns: 8.65%

Annual increase in salaries: 10%

Total PF Fund: 1.24 crore

Note– This calculation is done at 15,000 rupees basic salary.

How to Double your PF Amount

If Shyam Prasad raises his Monthly Contribution Basic salary from PSE to 12 per cent from 12 per cent, his PF fund will double. Apart from this, they will also get the benefit of compounding so that their fund will grow faster. If Shyam Prasad pays his monthly contributions to PF from 12 per cent to 30 per cent, then his PF fund at retirement will be 28 million and 28 million. In this way, they can almost double their PF funds.

Investment period: 28 years

Monthly Contribution: 30%

Current Returns: 8.65%

Annual increase in salaries: 10%

Total PF Fund: 2.28 Cr.

Note– This calculation is done at 15,000 rupees basic salary.

DOCUMENTS REQUIRED FOR ONLINE REGISTRATION

  1. Scan copy of Pan Card of Factory/Establishment/shop and Employer.
  2. Details of Employees and their monthly salaries
  3. List of Partners, Directors and their Details.
  4. Scan copy of Bank Account Details of Factory/Establishment/shop
  5. Scan copy of Factory or Establishment License or Certificate of Registration of factory or Establishment.
  6. Digital Signature of Proprietor/Director/Partner
  7. Scan Copy of cheque of Company’s Bank details.

EPFO subscribers can avail the facility of withdrawals for the purpose of, purchase/construction of house, repayment of house, illness, higher education, marriage etc.

EPF Office in Sitapur

|EPFO Services| |EPF Claim Status| | Sitapur| |PF Office in Sitapur| |North India| |EPF Claim Office in Sitapur| |Office Contact Details| |EPF Office Address| |Phone Number| |Email| |Sitapur Uttar Pradesh PF Office|. All about the details of EPFO UP office in Sitapur, Uttar Pradesh.

All employees need to have only one UAN throughout their working life irrespective of the number of companies they change. It is a universal account number (UAN) which facilitates in linking of multiple EPF accounts of a member.

EPFO IMPORTANT INFORMATION 2018

Organisation Employees’ Provident Fund Organisation
Type of Organisation Government ministry
Known as EPFO
Description PF Offices in Uttar Pradesh
Founded in March 4, 1952
State Uttar Pradesh
City Sitapur
Official Website www.epfindia.gov.in

You can know the balance of your PF by giving the EPFO website, app, SMS or miss call. If you have any questions or concerns about the issue of the EPFO. Kindly visit your nearest EPFO office.

  1. PF Balance Check
  2. EPF Claim Status
  3. PF Account Details
  4. EPFO Balance Enquiry

Before you go online to track your PF claim status, make sure you have these handy:
o Your Employees’ Provident Fund (EPF) account number;
o EPF regional office of your employer;
o Establishment or company code and extension code

Sitapur EPF Office Address/Phone Number/Email

EPFO Office: Sub Regional Office – LUCKNOW
Address:
BhavishyaNidhi Bhawan,
Vibhuti Khand, Gomti Nagar,
Lucknow, UTTAR PRADESH
Email: [email protected]
Parent EPFO Office for Sub Regional Office – LUCKNOW
ACC: UTTAR PRADESH AND BIHAR
Address:
Nidhi Bhawan,
Sarvodaya Nagar,
Kanpur, UTTAR PRADESH
Email: [email protected]

EPF Office in Siddharthnagar

|EPFO Services| |EPF Claim Status| | Siddharthnagar| |PF Office in Siddharthnagar| |North India| |EPF Claim Office in Siddharthnagar| |Office Contact Details| |EPF Office Address| |Phone Number| |Email| |Siddharthnagar Uttar Pradesh PF Office|. All about the details of EPFO UP office in Siddharthnagar, Uttar Pradesh.

All employees need to have only one UAN throughout their working life irrespective of the number of companies they change. It is a universal account number (UAN) which facilitates in linking of multiple EPF accounts of a member.

EPFO IMPORTANT INFORMATION 2018

Organisation Employees’ Provident Fund Organisation
Type of Organisation Government ministry
Known as EPFO
Description PF Offices in Uttar Pradesh
Founded in March 4, 1952
State Uttar Pradesh
City Siddharthnagar
Official Website www.epfindia.gov.in

You can know the balance of your PF by giving the EPFO website, app, SMS or miss call. If you have any questions or concerns about the issue of the EPFO. Kindly visit your nearest EPFO office.

  1. PF Balance Check
  2. EPF Claim Status
  3. PF Account Details
  4. EPFO Balance Enquiry

Before you go online to track your PF claim status, make sure you have these handy:
o Your Employees’ Provident Fund (EPF) account number;
o EPF regional office of your employer;
o Establishment or company code and extension code

Siddharthnagar EPF Office Address/Phone Number/Email

EPFO Office: Sub Regional Office – GORAKHPUR
Address:
Opposite Carmel Girls School,
Civil Lines, Labour Camp,
Gorakhpur, UTTAR PRADESH
Email: [email protected]
Parent EPFO Office for Sub Regional Office – GORAKHPUR
ACC: UTTAR PRADESH AND BIHAR
Address:
Nidhi Bhawan,
Sarvodaya Nagar,
Kanpur, UTTAR PRADESH
Email: [email protected]

EPF Office in Shrawasti

|EPFO Services| |EPF Claim Status| | Shrawasti| |PF Office in Shrawasti| |North India| |EPF Claim Office in Shrawasti| |Office Contact Details| |EPF Office Address| |Phone Number| |Email| |Shrawasti Uttar Pradesh PF Office|. All about the details of EPFO UP office in Shrawasti, Uttar Pradesh.

All employees need to have only one UAN throughout their working life irrespective of the number of companies they change. It is a universal account number (UAN) which facilitates in linking of multiple EPF accounts of a member.

EPFO IMPORTANT INFORMATION 2018

Organisation Employees’ Provident Fund Organisation
Type of Organisation Government ministry
Known as EPFO
Description PF Offices in Uttar Pradesh
Founded in March 4, 1952
State Uttar Pradesh
City Shrawasti
Official Website www.epfindia.gov.in

You can know the balance of your PF by giving the EPFO website, app, SMS or miss call. If you have any questions or concerns about the issue of the EPFO. Kindly visit your nearest EPFO office.

  1. PF Balance Check
  2. EPF Claim Status
  3. PF Account Details
  4. EPFO Balance Enquiry

Before you go online to track your PF claim status, make sure you have these handy:
o Your Employees’ Provident Fund (EPF) account number;
o EPF regional office of your employer;
o Establishment or company code and extension code

Shrawasti EPF Office Address/Phone Number/Email

EPFO Office: Sub Regional Office – GORAKHPUR
Address:
Opposite Carmel Girls School,
Civil Lines, Labour Camp,
Gorakhpur, UTTAR PRADESH
Email: [email protected]
Parent EPFO Office for Sub Regional Office – GORAKHPUR
ACC: UTTAR PRADESH AND BIHAR
Address:
Nidhi Bhawan,
Sarvodaya Nagar,
Kanpur, UTTAR PRADESH
Email: [email protected]