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Provident Fund (PF) Management

The Provident Fund (PF) is a social security scheme regulated by the Employees' Provident Fund Organisation (EPFO) of India. It aims to provide financial security and stability for employees after retirement, covering aspects like pension and insurance. Talbuge HR and Payroll offers expert PF management services to help businesses ensure compliance and effective fund management for their workforce.

Our PF Management Services

  • PF Compliance Audits: Regular audits to ensure all PF-related records are accurate.

  • Monthly Contribution Management: Handling monthly PF contributions for employers and employees.

  • Withdrawal & Transfer Assistance: Help with transferring or withdrawing PF upon retirement or employment change.

  • Advisory Services: Comprehensive guidance on EPF rules and updates to support businesses in adhering to regulations.

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PF Registration and Documentation

Talbuge HR and Payroll simplifies the PF registration process for businesses. We handle all required submissions, ensuring compliance with the EPFO guidelines. Our PF experts take care of document verification, application submission, and account activation for businesses.

Documents Required for PF Registration

  1. Company Documents:

    • PAN Card of the organization

    • Certificate of Incorporation or Registration (e.g., GST, License, Factory License)

    • Address Proof (e.g., Utility Bill, Lease Agreement)

    • Bank Account Details (including canceled cheque)

  2. Employee Documents:

    • PAN Card of each employee

    • Aadhar Card of each employee

    • Employee Nomination and Declaration Form (Form 2)

    • Passport-size photograph of each employee

How we can benefit you

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Retirement Savings

Retirement Savings through Provident Fund (PF) provides employees with a secure financial foundation for their post-work years. By contributing to PF, employees build a robust retirement corpus, ensuring a steady income source after they retire.

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Insurance Coverage

Provident Fund (PF) also includes insurance benefits under the Employees’ Deposit Linked Insurance (EDLI) scheme, providing financial support to employees and their families in case of permanent or temporary disability, illness, or unfortunate death.

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Tax Savings

Employee contributions to the Provident Fund (PF) qualify for tax deductions under Section 80C of the Income Tax Act, allowing individuals to reduce their taxable income while building a secure retirement fund.

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Loan Against PF Balance

The Provident Fund (PF) allows employees to partially withdraw from their balance to cover urgent needs, such as medical expenses, higher education, or house construction. This facility provides employees with a financial safety net during emergencies without requiring external loans.

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