Both the employee and the employer contribute 12% of the salary. The employer's share consists of 12% of basic salaries + charity allowance + and retention benefits. If the number of workers is less than 20 at the factory, then the PF rate is 10%.
PF helps you get pensions after you retire so you can spend your life with ease. For people exceeding income tax limits PF savings in avoiding tax filings. PF also have premature withdrawal options which can help you in emergencies.
PF Registration standard increases industry's credibility by showing its customers that their services and products meet customer's expectations. In other cases ISO Certifications are also required or mandated legally.The certification process is fairly easy and simple. For more Information Kindly Get In Touch.
