The EPF Act is a crucial social security scheme in India that provides financial security to employees upon retirement, disability, or death. It ensures that both employers and employees contribute a specific percentage of the employee's basic wages and dearness allowance to the EPF.
The key aspects of the EPF Act include:
Mandatory Contributions: Employers and employees are required to contribute 12% of the employee's basic wages and dearness allowance to the EPF.
Withdrawal Benefits: Employees can withdraw a portion of their EPF balance for specific purposes, such as purchasing a home, paying for children's education, or medical emergencies.
Retirement Benefits: Employees are entitled to receive their EPF balance upon retirement or after completing 58 years of age.
Death Benefits: In the event of an employee's death, the accumulated EPF balance is paid to the nominee or legal heir.
Disability Benefits: Employees who become permanently disabled are eligible to receive their EPF balance.
Google Maps Location: Unit 710, Ijmima Complex, behind Infinity Mall, Malad, Mindspace, Malad West, Mumbai, Maharashtra 400064
Applicability
Number of Employees: Establishments employing 20 or more persons
Industry Sectors: Specific industries like Factories, Establishments, Shops and Commercial Establishments
At Kaizen Consultancy Services, we are a team of expert EPF consultants in Mumbai who specialize in providing comprehensive services to enterprises of all sizes. Our services include:
Ensuring Compliance with the EPF Act
Calculating and Managing EPF Contributions
Handling EPF Withdrawals and Claims
Providing Advisory Services on EPF-related Matters
Representing Clients before EPF Authorities
Mr Sachin Sawant:
Office Address: Unit 710, Ijmima Complex, behind Infinity Mall, Malad Mindspace, Malad West, Mumbai, Maharashtra 400064
Phone: +91 97731 50167
Email: kaizen@kaizenlla.com
Kaizen Consultancy Services: 9 AM – 8 PM, Monday - Saturday
Labour Law, ESIC and PF Consulting : [Unit 710, Ijmima Complex, behind Infinity Mall, Malad Mindspace, Malad West, Mumbai, Maharashtra 400064 ]
Phone: [ 9773150167 ]
Email: [ kaizen@kaizenlla.com ]
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