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Aanoor HR Solutions

Author: Ashok Rajan
by Ashok Rajan
Posted: Feb 23, 2020
The Employee Provident Fund Organization regulated the Employee Provident Funds and Miscellaneous Provisions Act, 1952, and it has defined the EPF as a new proposal to provide a social advantage to the employees.Any company or organization which have more than 20 employees can acquire for EIN Number (Employee Identification Number), In case of a company has less than 20 employees, then it can apply for the EIN number voluntarily. These types of employees include daily wage workers, contractors, temporary workers, housekeeping staff, security, temporary employees, etc.An organization or company should apply and get the certificate of EPF registration within 30 days of holding the strength of 20 employees in their company.

Any other establishment or company which is agreed by the central government where it makes mandatory to acquire PF registration even in the case of employee strength is less than 20.?

All co-operative societies proceed to register themselves with more than 50 employees in the company.

Registration is compulsory for a factory with 20 or more employees.

Registered companies and organizations can proceed under the purview of Act regardless of employee strength.

The registration process can follow only after the notification is passed by the Central EPF commissioner in the official gazette. It means the employees are eligible for PF from their date of employment. The contribution here will be about 12% by the employee and the Employer where the Employer has the rights to pay and deduct the amount to Employee Provident Fund.A lot of your company’s effort, money, and time go into making sure that payroll is objected through a statutory audit. From the fair treatment of labor of the employee to securing the organization from benefit demands or unreasonable wage from aggressive employees or trade unions, every enterprise faces many potential legal issueswhen relating to compliance. Regardless, it will never be intent of the company to discard these laws, but without the required security, there are high chances for slipping through the cracks.

In today’s environment of increased inspections, there are many MNC’s shifting towards compliance. The government is developing more rigorous and complicated due to which for any enterprises, it becomes tedious to finish all the permission related to labor law legally. The labor laws statutes are evolving and changing constantly, and it is of more significant to keep updated with all the amendments and make sure about the compliance.

With an average of a decade of experience in compliance related and labor activities, AanoorHR offers consistent support for various industries across India. We are chosen for our best quality services. We customize our every service related compliances to cover all requirements of our clients under different state or central specific labor laws based on the industry as per the jurisdictions or locations in India.

We do have a professional team of staffs who perform to the top-notch quality and standards to ensure quality and meet critical deadlines. We provide 100% assurance for the holistic approaches to risk management, statutory compliances, labor law compliances, and their adherence. We do offer timely compliance of different labor laws and statutes which enables you to concentrate and manage on the primaries, which constantly change as your business environment.

About the Author

Esi,PF and Payroll Services Registration and certification in chennai, Tamilnadu we have more than 10 years of experience with expert team.Hassle Free Service. Quick and Easy process of Registration. For more details contact us now 91 7401 56 56 56

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Author: Ashok Rajan

Ashok Rajan

Member since: Feb 19, 2020
Published articles: 3

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