All you need to know about EPF – Employee Provident Fund.

The legal framework under which organizations must function with regard to the treatment of their employees can be termed Statutory Compliance in HR.

Maintaining these customary laws and frameworks take a toll on companies.

Statutory Compliance in India comprises of payment of minimum wages to provident fund (PF) or maternity benefits, professional tax (PT), tax deduction at source (TDS), etc.

Companies need to implement Statutory Compliance Management systems to deal with these complex legal frameworks, laws, and regulations.

In today’s fiercely competitive business scenarios it is challenging for companies to manage statutory compliances without good Payroll Management Software.Provident Fund – PFProvident Fund or PF is a compulsory contributory fund for the future of employees.

It works as a corpus fund generated through regular and monthly contributions made by an employee and employer.

In this, employer and employee both contribute a certain percentage of employee’s salary and employee gets lump sum amount of both contribution (employer and employee) at retirement along with interest.EPF RegistrationAll Organizations, whether Government or Non-Government can obtain EPF Registration.

EPF Registration online is mandatory for the organization/ establishments as follow:-If it is a factory or any organization or establishment engaged in any industry having 20 or more employees.Class of establishments which is notified by central government.Registration must be obtain within 1 month of employing more than 20 employees.

If Central Government make it compulsory for class of establishments then it will provide a not less than two month notice to register at EPF.Employer or majority of employees can themselves apply to Central PF Commissioner for register under EPF provision.

The Central PF Commissioner will pass notification in the Official Gazette and the provision will be apply to such establishment from the date of such agreement or any subsequent date as agreed.Documents Required by Other Entities:-First sale and Purchase BillGST Registration CertificateBank detailsSalary details of employeesBalance sheet detailsAll legal documents which might be required under the Income tax act.Fill up details of employees – total employee strength, Gender, Type of Activities, Wages above limit, Total Wages.The type of the business undertaken by the organizationLegal details – This includes the legal status of a companyMention date of incorporation/registration of the company and Partition deed, if any.In case of factory then factory license, date of license, place of issue.If the establishment is an MSME then MSME registration details to be provided.Email id, phone numbers of employees.Branch and Divisions details.Steps for EPF RegistrationStep 1: Visit the site of “EPFO”, Employee Provident Fund Organization and click on “Establishment Registration”.Step 2: Next you can take help of “INSTRUCTION MANUAL” available on the page.

Or Click on the “Sign-up” button.Step 3: Fill in the details asked like Name, Email, Mobile Number, and Verification Code.

Further click on the option of “Registration for EPIO-ESIC”.

However, according to governing bodies a company can strike off in two different ways.

In both circumstances, the company has to follow some norms without which it is impossible to cancel its registration.

To understand more, you may even approach the financial advisers who are equipped with knowledge regarding striking off companies and about company incorporation Singapore.

There are no extra charges left to be paid.

Additionally, there are no pending regulatory actions that need to be accomplished.

The company does not have any existing assets and liabilities at present and no tendency of appearing in the near future.

Computer is an added advantage in every field, it makes you more confident if you have complete practical knowledge along with theoretical.

Many courses are introduced in the field of commerce but the best courses after bcom are Diploma in payroll and Diploma in taxation as both payroll and taxation play a very important role in the field of commerce.

As far as professional courses after 12th commerce are concerned both these courses are in huge demand because payroll basically defines the salary of the employee and taxation defines how much it needs to be given to the government.

A payroll executive has complete knowledge of calculation of salary, provident fund, and income tax.There are so many institutes which help you in doing these courses but the best among all is the institute of professional accountants as it provides all the professional courses after 12th commerce so that students will achieve the best of all in their life.

As per the student's feedback, they focus more on the practical aspects so that student can himself do work in payroll software and can himself file income tax return online.

They help you in doing this by getting you done live projects and data for salary structuring and tax planning.

New Fund Offer (NFO) is similar to an Initial Public Offer (IPO), where the fund is open for subscription for the first time.

Since NFOs do not have a past track record easy with best Mutual Fund Software for IFA to keep track of volatility as well.

For more information visit @- https://www.redvisiontech.com/

Provident Kenworth, a residential apartment project launched by Provident group is one of the leading projects at Rajendra Nagar, Hyderabad.

This ongoing project is being developed in 20 acres of land surrounded by plenty of greenery.

It offers contemporary 1/2/3/4 BHK units.

Unit sizes range in between 300 sq.

ft. Price ranges from Rs.

This ongoing project has total 2300 units.

Call Now For Detail +91 9168215551Undertaking DetailsProvident Woodfield is one of the most anticipated undertaking in E City Bangalore that will be a plotted advancement by Provident Housing.

Provident Woodfield plot e city will be in great interest as there are numerous purchasers who all are hanging tight for a decent task since quite a while to purchase a plot in it.

The Demand of land originate from these organizations and there are less supply of the venture from the presumed engineer of Bangalore.

There will be place for indoor games territory and open air sports zone inside the venture.

Provident Woodfield will have 24*7 security framework and a lot increasingly outside and inside security framework.

Distinctive Configuration of the loft with most reasonable cost will be a significant reson to purchase a propert in this pre dispatch venture.

Income Tax on salary can be saved in many ways.

People and organizations are often imprecise to this part.

People have to keep a self-check on the different ways in which Tax on Income can be saved.

For organizations, invoicing software like Accoxi which manages your company’s tax system can do the job just fine.

Accoxi is also referred to as tax-ready software which has the properties of GST invoicing software that comes with how tax can be managed and returns to be filed.Following are the ways in which individuals and organizations can save Income Tax on the income earned:As per Section 80C, up to Rs.1.5 lakh limit can be applied to FD under 5 years tenure, Provident Fund (PPF) with tax-free rate of interest, ELSS funds, National Saving Certificate (NSC), Life Insurance Premiums, National Pension Systems (NPS), Home loan repayment, tuition fee payment, Employees Provident Fund (EPF), Senior Citizens Saving Scheme (SCSS) and Sukanya Samriddhi Yojana.Contributions made to National Pension Scheme is tax deductible up to Rs.50000 (which can be withdrawn at 60 years of age)Health insurance premium payments offers tax deduction of up to Rs.25000Reduction on payment of rent qualifies you for tax deduction up to Rs.60000 per annumHome loan is tax deductible up to Rs.2 lakh per annumInterest on savings account is tax free up to Rs.10000 per year and for senior citizens the limit rises to Rs.50000Charity donations are tax deductibleAccoxi is the free invoicing software for small business, medium business or large business.

Your organization’s (or as an individual) income graph can make drastic turns on the positive side, if tax planning is done wisely.

iSTOX provides accredited investors with access to previously out-of-reach opportunities,including Unicorn fund and many more financial services

BusinessAccountings Provide assistance for Fund flow, Tax , Fixed Assets, Vendor payments management.

A trusted Accounting & Bookkeeping Consultants In USA