{"id":1506,"date":"2019-12-05T09:19:04","date_gmt":"2019-12-05T09:19:04","guid":{"rendered":"https:\/\/corpbiz.io\/learning\/?p=1506"},"modified":"2021-04-03T12:41:15","modified_gmt":"2021-04-03T07:11:15","slug":"apply-for-epf-registration-online","status":"publish","type":"post","link":"https:\/\/corpbiz.io\/learning\/apply-for-epf-registration-online\/","title":{"rendered":"How to apply for EPF Registration online?"},"content":{"rendered":"\n<p class=\"has-drop-cap\">Being a salaried individual, you must be having a habit of saving a certain percentage of your salary in the Fixed Deposit account, Recurring deposit account, or in mutual funds. But what if this habit is not inculcated within the other individuals? To benefit employees, government of India launched the scheme of EPF (Employee Provident Fund and Miscellaneous Provision act,1952 ).Under the this act, both employee and employer contribute 12% of their basic salary to the EPF account.\u00a0 The most significant advantage of having an EPF account is that despite changing jobs, the EPF number remains the same. Here, We will have an in-depth understanding of difference between the EPF and EPS scheme and how can you apply for\u00a0<a href=\"https:\/\/corpbiz.io\/epf-registration\"><strong>EPF Registration Online<\/strong><\/a>.<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title ez-toc-toggle\" style=\"cursor:pointer\">Page Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/corpbiz.io\/learning\/apply-for-epf-registration-online\/#What_is_EPF\" >What is EPF?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/corpbiz.io\/learning\/apply-for-epf-registration-online\/#Which_Act_regulates_the_EPF\" >Which Act regulates the EPF?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/corpbiz.io\/learning\/apply-for-epf-registration-online\/#Who_all_are_exempted_from_the_EPF\" >Who all are exempted from the EPF?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/corpbiz.io\/learning\/apply-for-epf-registration-online\/#How_does_the_EPF_work_for_an_employer_and_the_employee\" >How does the EPF work for an employer and the\nemployee?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/corpbiz.io\/learning\/apply-for-epf-registration-online\/#What_is_the_difference_between_EPF_and_EPS_scheme\" >What is the difference between EPF and EPS\nscheme?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/corpbiz.io\/learning\/apply-for-epf-registration-online\/#Comparison_Chart_between_EPF_and_EPS\" >Comparison Chart between EPF and EPS<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/corpbiz.io\/learning\/apply-for-epf-registration-online\/#What_is_EPF_UAN_Number\" >What is EPF UAN Number?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/corpbiz.io\/learning\/apply-for-epf-registration-online\/#What_are_the_Documents_Required_for_the_online_EPF_Registration\" >What are the Documents Required for the\nonline EPF Registration?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/corpbiz.io\/learning\/apply-for-epf-registration-online\/#What_is_the_procedure_for_Online_EPF_registration\" >What\nis the procedure for Online EPF registration?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/corpbiz.io\/learning\/apply-for-epf-registration-online\/#Contribution_Rate_%E2%80%93_EPF\" >Contribution\nRate &#8211; EPF<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/corpbiz.io\/learning\/apply-for-epf-registration-online\/#Mandatory_Compliance\" >Mandatory Compliance<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/corpbiz.io\/learning\/apply-for-epf-registration-online\/#Final_Thoughts\" >Final Thoughts<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_EPF\"><\/span>What is EPF?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Employees Provident Fund [EPF] is a government scheme under Employees\u2019 Provident Funds and Miscellaneous Provisions\u00a0Act, 1952. Rules and regulations of EPF are regulated under the purview of Employees\u2019 Provident Fund Organisation (EPFO. Basically, EPF is normally like a benefit to an employee during the retirement provided by the organization, and is mandatory for the company where numbers employee working is more than 20.<\/p>\n\n\n\n<p><strong>Latest Update<\/strong> &#8211; <strong><em>The interest rate that is applicable to the EPF contribution is 8.5% for Financial Year 2020-21.<\/em><\/strong> <\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Which_Act_regulates_the_EPF\"><\/span>Which Act regulates the EPF?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The act that regulates the EPF account is Employees\u2019 Provident Funds and\u00a0<strong>Miscellaneous Provisions Act, 1952<\/strong><a href=\"https:\/\/www.epfindia.gov.in\/site_docs\/PDFs\/Downloads_PDFs\/EPFAct1952.pdf\"><sup>[1]<\/sup><\/a>. It mainly strives to maintain a healthy employee-employer bond. An EPF scheme is an initiative designed to offer social security benefits to the employees at the time of his\/her retirement.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Who_all_are_exempted_from_the_EPF\"><\/span>Who all are exempted from the EPF?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The Employee Provident Fund is maintained and looked at by the EPFO (Employee Provident Fund Organization).\u00a0 Any organization whose employee strength is above 20, is required to register with the EPFO.\u00a0 However, the exemption in this category is provided to the organisation with less than 20 employees. Such organisations are not required to maintain EPF account.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_does_the_EPF_work_for_an_employer_and_the_employee\"><\/span>How does the EPF work for an employer and the\nemployee?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>You are overjoyed when your employer adds 12% of your basic salary in your EPF account. Let\u2019s see how exactly it works.<\/p>\n\n\n\n<p>The employee and the employer both contribute 12% of the basic salary into the EPF account. The only difference is that employee\u2019s 12% of the contribution goes into the EPF account whereas the 8.33% from the employer side is diverted into the Employees\u2019 Pension Scheme (EPS) and the remaining 3.67% is diverted into the EPF account.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_difference_between_EPF_and_EPS_scheme\"><\/span>What is the difference between EPF and EPS\nscheme?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The full form of EPF is Employee Provident Fund whereas EPS is abbreviated as Employee Pension Scheme. Both EPF and EPS Scheme are the initiatives by the government of India to help individuals save money for their future needs in their old age.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Comparison_Chart_between_EPF_and_EPS\"><\/span>Comparison Chart between EPF and EPS<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<table class=\"table table-bordered\"><tbody><tr><td>\n  <strong>Parameters<\/strong>\n  <\/td><td>\n  <strong>EPF<\/strong>\n  <\/td><td>\n  <strong>EPS<\/strong>\n  <\/td><\/tr><tr><td>\n  Contribution\n  by the employee\n  <\/td><td>\n  12%\n  <\/td><td>\n  NIL\n  <\/td><\/tr><tr><td>\n  Contribution\n  by the employer\n  <\/td><td>\n  8.33%\n  <\/td><td>\n  3.67%\n  <\/td><\/tr><tr><td>\n  Deposit\n  Limit\n  <\/td><td>\n  Predetermined\n  Fixed rate\n  <\/td><td>\n  Maximum\n  \u2013 INR 1250\n  <\/td><\/tr><tr><td>\n  Age\n  Limit for Withdrawal\n  <\/td><td>\n  No\n  such age limit\n  <\/td><td>\n  A\n  minimum service period of 10 years and 50 years of age for an early pension.\n  <\/td><\/tr><tr><td>\n  &nbsp;\n  Interest Rate&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;\n  <\/td><td>\n  8.65%\n  p.a for the FY 2018-19\n  <\/td><td>\n  No\n  interest rate\n  <\/td><\/tr><\/tbody><\/table>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_EPF_UAN_Number\"><\/span>What is EPF UAN Number?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>The UAN\nNumber acronym as Universal Account Number is a 12 digit number allotted by the\nEPFO. The UAN of an employee remains the same throughout the lifetime of an\nemployee despite they change in their job profile or company. The only thing\nthat changes is the Identification Number (ID). The EPFO allots a new member ID\nevery time employee switches his\/her job, and this unique member ID is linked\nto the UAN. After this member ID is created, it is linked to the UAN.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_are_the_Documents_Required_for_the_online_EPF_Registration\"><\/span>What are the Documents Required for the\nonline EPF Registration?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p><strong><em>The employer of an organisation is required to furnish the following documents for the online EPF registration \u2013<\/em><\/strong><\/p>\n\n\n\n<ul><li>A Copy of partnership deed in case it is a\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/corpbiz.io\/partnership-firm-registration\" target=\"_blank\"><strong>registered partnership firm<\/strong><\/a>.<\/li><li>A copy of the Certificate of incorporation (Public or\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/corpbiz.io\/company-registration\" target=\"_blank\"><strong>Private Limited Company<\/strong><\/a>). The Registrar of Companies should issue this<\/li><li>A copy of their registration certificate in case of society.<\/li><li>A copy of MOA and AOA in the case of Public and Private Limited Companies.<\/li><li>A copy containing the rules and objects of the society.<\/li><li>Legal documents required under the\u00a0Income Tax Act.<\/li><li>\u00a0A copy of the PAN Card details of the company.<\/li><li>Partition Deed of the Company.<\/li><li>Incorporation Proof \u2013Salary details of employees<\/li><li>Details of the Balance sheet.<\/li><li>Provident Fund statement and salary\u00a0statement.<\/li><li>The number of employees working in the\u00a0organisation\u00a0within a month.<\/li><li>GST certificate, if the organisation is\u00a0<a rel=\"noreferrer noopener\" href=\"https:\/\/corpbiz.io\/gst-registration\" target=\"_blank\"><strong>GST registered<\/strong><\/a>.<\/li><li>First sale bill\u00a0<\/li><li>Cross cancelled cheque\u00a0<\/li><li>Details of the Bank such as Bank Name, IFSC code, and Branch address.<\/li><li>Machinery and raw material<\/li><\/ul>\n\n\n\n<p><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/obtain-gst-registration-in-india\/\">How To Obtain GST Registration in India?<\/a><\/mark><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_the_procedure_for_Online_EPF_registration\"><\/span>What\nis the procedure for Online EPF registration?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>In this tech-savvy world, we prefer everything to be online, and thus every employer prefers the online mode for the EPF Registration.<\/p>\n\n\n\n<ul><li><strong>Register your Organization with EPFO<\/strong><\/li><\/ul>\n\n\n\n<p>Visit the EPFO portal and register yourself there. On the home page, click on the option \u201cEstablishment Registration.\u201d<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" width=\"628\" height=\"308\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2019\/12\/image-3.png\" alt=\"procedure for Online EPF registration\" class=\"wp-image-1507\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2019\/12\/image-3.png 628w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2019\/12\/image-3-300x147.png 300w\" sizes=\"(max-width: 628px) 100vw, 628px\" \/><\/figure><\/div>\n\n\n\n<ul><li><strong>Read the User Manual<\/strong><\/li><\/ul>\n\n\n\n<p>After clicking on the \u201cEstablishment Registration,\u201d it will navigate you to the next page, \u201cShram Suvidha,\u201d where you can download the User manual. Any new user must read the manual entirely before the registration.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" width=\"628\" height=\"308\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2019\/12\/image-4.png\" alt=\"Shram Suvidha\" class=\"wp-image-1508\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2019\/12\/image-4.png 628w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2019\/12\/image-4-300x147.png 300w\" sizes=\"(max-width: 628px) 100vw, 628px\" \/><\/figure><\/div>\n\n\n\n<ul><li><strong>Register the DSC (Digital Signature Certificate) <\/strong><\/li><\/ul>\n\n\n\n<p>Here, on this page, at first, click on the \u201cSign Up\u201d button. Sign up with the credentials such as Name, Email, Mobile Number, and verification code sent to the mobile. The instruction manual will explain you the process of online Employer Registration, after which you will get an option called \u201cRegistration for EPFO-ESIC\u201d.<\/p>\n\n\n\n<ul><li><strong>Apply for  New Registration<\/strong><\/li><\/ul>\n\n\n\n<p>On clicking the option &#8221; Apply for the New\nRegistration\u201d, you will see two options<\/p>\n\n\n\n<p>&nbsp;\u201cEmployees\u2019 State Insurance Act, 1948\u2019<\/p>\n\n\n\n<p>&nbsp;\u2018Employees\u2019 Provident\nFund and Miscellaneous Provision Act, 1952\u201d.<\/p>\n\n\n\n<p>&nbsp;After this, click on the \u201cSubmit button\u201d.<\/p>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" width=\"628\" height=\"211\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2019\/12\/image-5.png\" alt=\"Shram Suvidha - Corpbiz\" class=\"wp-image-1509\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2019\/12\/image-5.png 628w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2019\/12\/image-5-300x101.png 300w\" sizes=\"(max-width: 628px) 100vw, 628px\" \/><\/figure><\/div>\n\n\n\n<ul><li><strong>Fill in all the details<\/strong><\/li><\/ul>\n\n\n\n<p><strong><em>You need to fill &nbsp;the following details of the employer such as <\/em><\/strong><\/p>\n\n\n\n<ul><li>Establishment Details,<\/li><li>&nbsp;contacts, <\/li><li>Contact Persons, <\/li><li>Identifiers, <\/li><li>Employment Details,&nbsp;<\/li><li>Particulars of&nbsp;workers, <\/li><li>Branch\/Division,<\/li><li>&nbsp;Activities, <\/li><li>Attachments<\/li><li>Now, Click on the button \u2018Submit\u2019.<\/li><\/ul>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" width=\"606\" height=\"441\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2019\/12\/image-6.png\" alt=\"Establishment Details\" class=\"wp-image-1510\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2019\/12\/image-6.png 606w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2019\/12\/image-6-300x218.png 300w\" sizes=\"(max-width: 606px) 100vw, 606px\" \/><\/figure><\/div>\n\n\n\n<ul><li>After this, you need to apply for Employer\u2019s\u00a0<strong>Digital Signature      Certificate<\/strong><sup><a rel=\"noreferrer noopener\" href=\"http:\/\/www.mca.gov.in\/MinistryV2\/digitalsignaturecertificate.html\" target=\"_blank\">[2]<\/a><\/sup>\u00a0(DSC) Registration. DSC Registration is mandatory for new EPF Registration application.<\/li><\/ul>\n\n\n\n<div class=\"wp-block-image\"><figure class=\"aligncenter\"><img decoding=\"async\" width=\"628\" height=\"262\" src=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2019\/12\/image-7.png\" alt=\"DSC Registration\" class=\"wp-image-1511\" srcset=\"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2019\/12\/image-7.png 628w, https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2019\/12\/image-7-300x125.png 300w\" sizes=\"(max-width: 628px) 100vw, 628px\" \/><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Contribution_Rate_%E2%80%93_EPF\"><\/span>Contribution\nRate &#8211; EPF<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>&nbsp;The rate of contribution differs which depends\nupon the number of an employee who are employed in an establishment. Finance\nMinistry announced regarding the reduction in the statutory EPF contribution of\nthe private sector employees and employers from the earlier compulsory 12% to\nnow it is 10% for the forthcoming three months.&nbsp;\nThe purpose behind this is that Government plans to give relief due to\nthe outbreak of Covid \u201319 pandemic. <\/p>\n\n\n\n<p>The contribution of employers in case of government PSUs shall\nremain at 12% whereas the employees of PSU can pay 10%. The advantage and\npurpose behind the reduction in the employee\u2019s contribution from 12 % to 10% is\nthat it helps in escalating the cash-in-hand or the take home pay of the\nemployee.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Mandatory_Compliance\"><\/span>Mandatory Compliance<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>There are certain mandatory provisions\nto be followed once the establishment gets registered with EPFO. There is\ncertain compliance with as prescribed under the act:<\/p>\n\n\n\n<ul><li>The\nmonthly return is filed by uploading the ECR sheet online through the\nestablishment login.<\/li><li>With the\n15<sup>th&nbsp; <\/sup>day&nbsp;of the\nsucceeding month the return is filed online.<\/li><li>Also the\nECR sheet can be downloaded via EPFO in the XML sheet that has the name &amp;\nUAN of each and every employee who are registered with the organization throughout\nthe month when the return is filed.<\/li><li>There can\nbe conversion of the XML sheet into a Comma-dilemma file for the purpose of\nuploading the same for return filing.<\/li><li>The\nreturn filing can be completed by contributing in online payment gateways.<\/li><\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Final_Thoughts\"><\/span>Final Thoughts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Final\nthoughts suggest that it\u2019s a wise option for an employer to have EPF\nregistration done. The current interest rate is 8.65% for the FY 2018-19, which\nis ten basis points higher than 8.55% provided in the previous FY\n2017-18.&nbsp;<strong>Under Section 80C,<\/strong>&nbsp;interest rate earned on the amount\nin the EPF account is exempted from the tax. Also, the employees are assured\nthat their money is in the safe hands as the government has launched the EPF\nfacility. In case the employee changes their jobs, they can transfer the EPF\namount from one account to another<\/p>\n\n\n\n<p><b>Read our article<\/b>:<mark style=\"background: #fffd03 !important;\"><a href=\"https:\/\/corpbiz.io\/learning\/private-limited-company-incorporation-in-india\/\">Steps Involved In Private Limited Company Registration In India<\/a><\/mark><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Being a salaried individual, you must be having a habit of saving a certain percentage of your salary in the Fixed Deposit account, Recurring deposit account, or in mutual funds. But what if this habit is not inculcated within the other individuals? To benefit employees, government of India launched the scheme of EPF (Employee Provident [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":1512,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[212],"tags":[211],"acf":{"service_id":"15"},"authorName":"Shalini Singh","authorImageUrl":"https:\/\/corpbiz.io\/learning\/wp-content\/uploads\/2019\/09\/MEE.jpeg","authorDescription":"Shalini is a B.tech graduate but her keen interest in writing impelled her to continue as a content writer. Further, She has a rich experience in Companies Act and Ammendment related topics.","postViews":7615,"readingTime":5,"_links":{"self":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/1506"}],"collection":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/comments?post=1506"}],"version-history":[{"count":24,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/1506\/revisions"}],"predecessor-version":[{"id":28544,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/posts\/1506\/revisions\/28544"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media\/1512"}],"wp:attachment":[{"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/media?parent=1506"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/categories?post=1506"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/corpbiz.io\/learning\/wp-json\/wp\/v2\/tags?post=1506"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}