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Learn about EPFO & ESIC
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The Indian government established the Employees' Provident Fund Organisation (EPFO) as a statutory entity. Its primary goal as the nation's largest social security agency is to help people save money for retirement, among other things. Established in 1951, EPFO is governed by the Ministry of Labour and Employment. Employee contribution rate to EPF: 12% of Salary (Basic + DA Allowance) Employer contribution rate to EPF: 3.67% of Salary (Basic + DA Allowance) Employer contribution rate to EPS: EPF – EPS or 8.33% of Salary (Basic + DA Allowance) i.e. above Rs. 15,000 than Rs. 1,250 The EPFO portal has several crucial tabs necessary for EPF compliance. These are as follows- Home page Member Establishment Payments Dashboards User Admin Online Services ABRY The owner (Proprietor/ Partner/ Director) (if partner all partners pan card and Aadhaar card required) Establishment Pan Card The employer is required to register the business online. Employers can register their establishment conveniently online by giving the following information: DSC for EPFO streamlines all processes associated with the worker's PF transfer claim, regardless of whether they were previously employed by the company or not. To register a PF claim on the EPFO portal, one needs to use an EPFO digital signature, as per the guidelines on the CCA, Government of India website. The Employee's Provident Fund (EPF) is a program that was established by EPFO that allows both employers and employees to make salary contributions to the PF fund to accumulate funds for retirement. An establishment must first register on the EPFO Portal, which is run by the Indian government's Ministry of Labour & Employment, to contribute to the EPF Scheme.
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