ESI PF Consultants: For EPF-related Consultancy Service

Esipf Consultants03 May, 2024Legal

The Employee?s Provident Fund Scheme is nationalized and mandatory for every organization employing more than 20 individuals with varied salaries. Under the EPF scheme, both the employee and the employer make their contributions towards a common fund, and the interest gained on this fund is transferred to the PF member?s account. Employees can withdraw this amount at the time of retirement or exit from employment, as the case may be.