Introduction: Employee benefits are an integral part of an organization’s compensation package, providing financial security and incentives for employees. Among the various benefits offered, Provident Fund (PF), gratuity, and pensions are commonly provided by employers. In this blog, we will explore the key differences between Provident Fund and other employee benefits like gratuity and pensions,…
Category: EPF Registration
Is PF covered by 80C?
Only individuals and members of the Hindu Undivided Family are eligible for the tax deductions outlined in this section. They cannot be used by partnerships, businesses, or other corporate organizations. Investing in an ELSS fund or a tax-saving mutual fund is the easiest way to lower your tax bill under Section 80C. This is the…
Registration for PF: Who Is Eligible?
Under the EPF and Miscellaneous Provisions law (1952), the Indian Central Government devised the Employee Provident Fund program. PF registration was introduced in 1951; it is available throughout India, except in Jammu and Kashmir. Employees’ Provident Funds have been recognized as one of the best investment mechanisms for salaried workers. EPF registration has been made…