Provident Fund

PF:- Every establishment where 20 or more persons are employed directly or employed need to obtain PF registration. Any person who is employed directly or employed through a contractor whose salary is Rs. 15000 (basic + DA), need to contribute towards PF @ 12%. Employer need to contribute 13.15% on Basic + DA.

PMRPY Scheme – The Scheme started in April 16. Actual implementation took place from Sept 17. 12% share of employer shall be paid by the Central Govt. Employer need to get registered in PF online portal for availing this scheme. Every new employee who is getting gross salary of Rs. 15000 or less, his name need to get registered under PMRPY scheme through online portal. AADHAR proof of the employee should tally in all respects with records available in PF portal for the employee to get this benefit.

Monthly remittance of PF contribution for the previous month needs to be paid on or before 15th of the following month.