Hi All;
I need more insight on how Companies manages their own PF Account. There have been Companies like Wipro, Team Lease etc who manages their own PF Account without linking or partially linking with central Government PF facilities.
How exactly this works? and how Company gets benefits out of this as compared to regular PF?
Thanks & Regards;
Akshata
21st August 2019 From India, Bengaluru
Hi,
Those companies maintain by formation of a PF Trust, which needs to be approved by Provident Fund Authorities. For more details please refer the following web link :
https://www.paisabazaar.com/saving-s...pted-pf-trust/
21st August 2019 From India, Madras
Hi,
As Mr. Lakshminarayanan said they maintain PF trust approved PF authorities. For formation of PF trust and PF compliance you can contact our expert team.
Regards,
KM.
Sr.Consultant(Labour and HR compliance)
7708907021
22nd August 2019 From India, Chennai
Thanks for the responses Folks I will get in contact in case of further clarification.
Thanks & Regards;
Akshata
26th August 2019 From India, Bengaluru
Add Reply Start A New Discussion

Cite.Co - is a repository of information created by your industry peers and experienced seniors. Register Here and help by adding your inputs to this topic/query page.
Prime Sponsor: TALENTEDGE - Certification Courses for career growth from top institutes like IIM / XLRI direct to device (online digital learning)





About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service



All rights reserved @ 2019 Cite.Co™