Contract Staff & EPF Contribution
EPF Contribution can be done only for the Permanent employees of the company.Contract staff, Temporary staff and other people who are not on the permanent payroll of the company need not be covered under...
Category: EPF Explained
Who can be nominated for an EPF Account
A EPF account holder can nominate only Spouse,Children and Parents for his/her EPF account. Friends/Sisters/Brothers can’t be nominated for the EPF account.
Which establishments are covered under EPF act?
EPF act applies to any establishment (‘company’) which satisfies the below 2 conditions a) Where 20 or more people employed in the establishment b) Establishment comes under the list that is mentioned in Schedule...
What is Employees Provident Fund(EPF)?
EPF known as Employees Provident Fund is a social savings scheme which is mandatory for salaried individuals.It has been created to provide old age as well as social security in term of contingencies to...