PF Consultant in Mumbai | Provident Fund Consultant
Expert Provident Fund Consultant in Mumbai Which Enterprises EPF is Applicable? The Employees' Provident Funds and Miscellaneous Provisions Act, 1952 (EPF Act) applies to the following enterprises explained by Provident Fund Consultant in Mumbai Criteria Applicability Number of Employees Establishments employing 20 or more persons Industry Sectors Specific industries like Factories, Establishments, Shops and Commercial Establishments Exemptions Certain establishments may be exempted from the EPF Act based on specific criteria Understanding EPF Act in Brief: Kaizen Consultancy Services - Mumbai The key aspects of the EPF Act include: Mandatory Contributions: Employers and employees are required to contribute 12% of the employee's basic wages and dearness allowance to the EPF. Withdrawal Benefits: Employees can withdraw a portion of their EPF balance for...