Hi all,
I need more insight on how companies manage their own PF accounts. There have been companies like Wipro, TeamLease, etc., which manage their PF accounts without linking or partially linking to central government PF facilities.
How exactly does this work? And how do companies benefit from this compared to regular PF?
Thanks & Regards,
Akshata
From India, Bengaluru
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I need more insight on how companies manage their own PF accounts. There have been companies like Wipro, TeamLease, etc., which manage their PF accounts without linking or partially linking to central government PF facilities.
How exactly does this work? And how do companies benefit from this compared to regular PF?
Thanks & Regards,
Akshata
From India, Bengaluru
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Hi,
Those companies maintain a formation of a PF Trust, which needs to be approved by Provident Fund Authorities. For more details, please refer to the following web link: https://www.paisabazaar.com/saving-schemes/exempted-pf-trust/
From India, Madras
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1015Those companies maintain a formation of a PF Trust, which needs to be approved by Provident Fund Authorities. For more details, please refer to the following web link: https://www.paisabazaar.com/saving-schemes/exempted-pf-trust/
From India, Madras
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Hi,
As Mr. Lakshminarayanan said, they maintain PF trust approved PF authorities. For the formation of PF trust and PF compliance, you can contact our expert team.
Regards,
KM
Sr. Consultant (Labour and HR Compliance)
7708907021
From India, Bengaluru
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As Mr. Lakshminarayanan said, they maintain PF trust approved PF authorities. For the formation of PF trust and PF compliance, you can contact our expert team.
Regards,
KM
Sr. Consultant (Labour and HR Compliance)
7708907021
From India, Bengaluru
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PF Accounts Details.pdf
PF Transfer Request Letter - For PF Trust.doc