2014-05-28 00:00:00 Money & Finance English https://quickbooks.intuit.com/in/resources/in_qrc/uploads/2017/05/11.jpg How to set up a Provident Fund for Employees

How to set up a Provident Fund for Employees

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Employee Provident Fund (EPF) is implemented by the Employees Provident Fund Organization (EPFO) of India. In a previous post we have explored the Laws concerning Employee Provident Funds . If your company employees more than 20 individuals, then you will need to create an Employee Provident account. Here is a step-by-step guide to set up an account: Step 1: Visit the Following Website – http://esewa.epfoservices.in/ Click on the Register Button.   Step 2: Enter the State in which Your Business is established and the Code for the Region and Office. The codes will appear as a menu, once you enter your state.   Step 3: Enter your Enter your Establishment Code, details of your business, PAN number and authorized signatories of your organization.   Step 4: You will receive a verification pin on your mobile and will be asked to agree to the stipulated terms and conditions to register. Step 5: You will receive a Temporary Login and Password through SMS. You may return to the first screen http://esewa.epfoservices.in/ and sign in. Once you have signed in do remember to change your password! Follow these simple steps and you will be able to create an employee provident fund account and have your transactions to and from the fund monitored online.

Information may be abridged and therefore incomplete. This document/information does not constitute, and should not be considered a substitute for, legal or financial advice. Each financial situation is different, the advice provided is intended to be general. Please contact your financial or legal advisors for information specific to your situation.

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