PF CONSULTANCY

PF Department

PF Department: Ensuring Employee Financial Security

The Labour Department, both at the Central and State levels, regulates employment laws, ensuring fair wages, safe working conditions, and social security benefits. It oversees compliance with labour laws like the Minimum Wages Act, EPF, ESI, and Industrial Disputes Act. Businesses must adhere to these regulations to avoid penalties and legal issues. The department also handles worker grievances, inspections, and dispute resolutions, playing a crucial role in maintaining harmonious employer-employee relationships.

 

Our Key Services:

  • PF Registration – Assisting businesses in registering with the EPFO.
  • Monthly PF Contributions – Ensuring timely deductions and deposits.
  • UAN Generation & Activation – Managing Universal Account Numbers for employees.
  • PF Compliance Audit – Reviewing records for compliance adherence.
  • Challans & Return Filing – Preparing and submitting required documents.
  • PF Withdrawal Processing – Assisting employees with claim settlements.
  • Transfer of PF Accounts – Managing inter-company PF transfers.
  • Grievance Handling – Resolving PF-related employee concerns.
  • Inspection Support – Handling EPFO inspections and audits.
  • Legal Compliance Advisory – Ensuring businesses comply with changing laws.
  • Employee Data Management – Maintaining accurate records for compliance.
  • PF Loan Assistance – Guidance on advances and loans from PF accounts.
  • Exemption & Appeal Handling – Managing special PF exemptions.
  • Digital PF Compliance Solutions – Automating filings for efficiency.
  • Training & Awareness Programs – Educating HR teams on PF laws.

Frequency Asked Question

    • The Provident Fund (PF) is a retirement savings scheme for employees, where both the employer and employee contribute a percentage of the salary.

    • Any employee earning a basic salary of up to ₹15,000 per month is mandatorily covered, while others can opt voluntarily.

    • You can check your PF balance through the EPFO website, UMANG app, or by sending an SMS with your UAN number.

    • UAN is a unique 12-digit number assigned to every employee to manage multiple PF accounts under one ID.

    • You can withdraw PF online via the EPFO portal by submitting Form 19 for full withdrawal or Form 31 for partial withdrawal.

    • Yes, PF can be transferred online using the UAN through the EPFO portal.

  • Non-compliance by the employer can lead to penalties and legal action by EPFO. Employees can file complaints with EPFO.

    • PF withdrawals are tax-free if the employee has completed five years of continuous service. Otherwise, it may be taxable.

    • Yes, PF loans can be availed for medical emergencies, home construction, or higher education, subject to EPFO rules.

  1. Employees can update details like name, date of birth, and bank account through the employer via the EPFO portal.

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