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;
21st August 2019 From India, Bengaluru
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 :
21st August 2019 From India, Madras
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.
Sr.Consultant(Labour and HR compliance)
22nd August 2019 From India, Chennai
Thanks for the responses Folks I will get in contact in case of further clarification.
Thanks & Regards;
26th August 2019 From India, Bengaluru
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